Integrated Filing — IndAS



General information about company
Scrip Code 533704
NSE Symbol ESSARSHPNG
MSEI Symbol NOTLISTED
ISIN INE122M01019
Name of company ESSAR SHIPPING LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 29-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 26-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Fleet Operating, Chartering and Management Services
Start date and time of board meeting 29-May-2025   16:31:00
End date and time of board meeting 29-May-2025   17:19:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations -1431600000 102600000
Other income 589500000 2370800000
Total income -842100000 2473400000
2 Expenses
(a) Cost of materials consumed 0 0
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0 0
(d) Employee benefit expense -10600000 104600000
(e) Finance costs 208800000 1005500000
(f) Depreciation, depletion and amortisation expense 1900000 7600000
(f) Other Expenses
1 Operating Expenses -1434600000 79000000
2 Other Expenses 317500000 414200000
3 Adjustments (Rounding-off) -200000 0
Total other expenses -1117300000 493200000
Total expenses -917200000 1610900000
3 Total profit before exceptional items and tax 75100000 862500000
4 Exceptional items 52700000 5703200000
5 Total profit before tax 127800000 6565700000
6 Tax expense
7 Current tax 0 0
8 Deferred tax 0 0
9 Total tax expenses 0 0
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 127800000 6565700000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 35100000
16 Total profit (loss) for period 127800000 6600800000
17 Other comprehensive income net of taxes -300000 -1700000
18 Total Comprehensive Income for the period 127500000 6599100000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 127700000 6600800000
Total profit or loss, attributable to non-controlling interests 0 0
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 127400000 6599100000
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0 0
21 Details of equity share capital
Paid-up equity share capital 2069800000 2069800000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve -25866100000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.36 4.35
Diluted earnings (loss) per share from continuing operations 0.36 4.35
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0.62 31.91
Diluted earnings (loss) per share from discontinued operations 0.62 31.91
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 0.98 36.26
Diluted earnings (loss) per share from continuing and discontinued operations 0.98 36.26
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 274500000
Capital work-in-progress 1803700000
Investment property 0
Goodwill 0
Other intangible assets 0
Intangible assets under development 0
Biological assets other than bearer plants 0
Investments accounted for using equity method 0
Non-current financial assets
Non-current investments 0
Trade receivables, non-current 0
Loans, non-current 0
Other non-current financial assets 0
Total non-current financial assets 0
Deferred tax assets (net) 0
Other non-current assets 46100000
Total non-current assets 2124300000
2 Current assets
Inventories 9900000
Current financial asset
Current investments 400000
Trade receivables, current 151300000
Cash and cash equivalents 63100000
Bank balance other than cash and cash equivalents 0
Loans, current 0
Other current financial assets 253900000
Total current financial assets 468700000
Current tax assets (net) 0
Other current assets 151000000
Total current assets 629600000
3 Non-current assets classified as held for sale 241800000
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 2995700000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 2069800000
Other equity -25866100000
Total equity attributable to owners of parent -23796300000
Non controlling interest 0
Total equity -23796300000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 14056400000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other non-current financial liabilities 0
Total non-current financial liabilities 14056400000
Provisions, non-current 1600000
Deferred tax liabilities (net) 0
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities 14058000000
Current liabilities
Current financial liabilities
Borrowings, current 2255800000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 700000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 300700000
Total Trade payable 301400000
Other current financial liabilities 9956700000
Total current financial liabilities 12513900000
Other current liabilities 32200000
Provisions, current 0
Current tax liabilities (Net) 187900000
Deferred government grants, Current 0
Total current liabilities 12734000000
3 Liabilities directly associated with assets in disposal group classified as held for sale 0
4 Regulatory deferral account credit balances and related deferred tax liability 0
Total liabilities 26792000000
Total equity and liabilites 2995700000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss
3 Amount of items that will be reclassified to profit and loss
1 OCI -300000 -1700000
Total Amount of items that will be reclassified to profit and loss -300000 -1700000
4 Income tax relating to items that will be reclassified to profit or loss 0 0
5 Total Other comprehensive income -300000 -1700000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 6565700000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 1005500000
Adjustments for decrease (increase) in inventories -9900000
Adjustments for decrease (increase) in trade receivables, current 1623000000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 0
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 0
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 4812500000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 0
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 7600000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 0
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 0
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains -1338500000
Adjustments for dividend income 0
Adjustments for interest income 1700000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items -7309300000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -1210800000
Net cash flows from (used in) operations 5354900000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 48600000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 5306300000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 4900000
Purchase of property, plant and equipment 0
Proceeds from sales of investment property 4444100000
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 2000000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -1775500000
Net cash flows from (used in) investing activities 2675500000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 11231800000
Repayments of borrowings 16296100000
Payments of lease liabilities 0
Dividends paid 0
Interest paid 25300000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 2982300000
Net cash flows from (used in) financing activities -2107300000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 5874500000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents -6022300000
Net increase (decrease) in cash and cash equivalents -147800000
Cash and cash equivalents cash flow statement at beginning of period 189500000
Cash and cash equivalents cash flow statement at end of period 41700000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 CNK & Associates LLP Yes 31-Jul-2027