Essar Shipping Q4 net up 189.81% at Rs 110.71 cr

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New Delhi, Jun 20 (UNI) Essar Shipping Ltd today said its net profit has increased 189.81 per cent to Rs 110.71 crore for the quarter ended March 31, 2008 as compared to Rs 38.20 crore for the same quarter a year ago.

Total income also shot up 49.02 per cent to Rs 312.54 crore for Q4 FY08 from Rs 209.73 crore for the same period a year ago.

Its net profit for FY08 stood at Rs 241.67 crore for FY08 as compared to Rs 133.98 crore for the previous fiscal, up 80.37 per cent.

Total income also increased 1.82 per cent to Rs 1,058.72 crore for the year ended March 31, 2008 from Rs 1,039.72 crore for the previous fiscal.

The Group posted a net profit of Rs 277.43 crore during FY08 as compared to Rs 157.75 crore for FY07, up 75.86 per cent.

Total income also increased 33.47 per cent to Rs 2,237.13 crore for FY08 from Rs 1,676.11 crore for FY07.

UNI SR AK ND1504

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