Last 8.25 INR
Change Today -0.35 / -4.07%
Volume 143.5K
VRNS On Other Exchanges
Symbol
Exchange
Natl India
As of 6:13 AM 04/16/14 All times are local (Market data is delayed by at least 15 minutes).

varun shipping co ltd (VRNS) Snapshot

Open
8.95
Previous Close
8.60
Day High
8.95
Day Low
8.11
52 Week High
12/27/13 - 10.30
52 Week Low
06/25/13 - 5.00
Market Cap
1.2B
Average Volume 10 Days
265.9K
EPS TTM
-10.32
Shares Outstanding
150.0M
EX-Date
01/22/13
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for VARUN SHIPPING CO LTD (VRNS)

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varun shipping co ltd (VRNS) Details

Varun Shipping Company Limited, a shipping company, owns and operates vessels in the hydrocarbon sector. It offers energy transportation and offshore exploration and production support services. The company deploys liquefied petroleum gas (LPG) carriers on a mix of time charters and spot charters with charterers; provides on time charter, voyage charter, and pool arrangement services; and offshore support vessels for exploration, production, and development of oil and natural gas properties. Varun Shipping Company Limited owns and operates a fleet of 20 vessels, including 10 LPG carriers, 3 crude oil tankers, and 7 anchor handling towing and supply vessels. The company was incorporated in 1971 and is based in Mumbai, India.

Founded in 1971

varun shipping co ltd (VRNS) Top Compensated Officers

Chairman and Managing Director
Total Annual Compensation: 12.2M
Compensation as of Fiscal Year 2012.

varun shipping co ltd (VRNS) Key Developments

Varun Shipping to Exit Offshore Operations by September 2014

Varun Shipping has decided to exit its offshore operations by September 2014, in a bid to reduce its debt by INR 7,000 million to INR 7,500 million.

Varun Shipping Mulls Options To Sell Its Offshore Business

Varun Shipping Co. Ltd. (BSE:500465) is exploring various options to sell its offshore business. Yudhishthir Khatau, Chairman and Managing Director of Varun Shipping said, “We have appointed merchant bankers to look at various options. We are certainly looking to exit the offshore segment by September, 2014. Offshore is a niche segment and so, buyers are few. The asset price in the offshore segment is strong, but since it is a niche market, entering and exiting this market is difficult. We are in the market and are engaged in talks. Let’s see. At the time of contract expiry, we will pay the employees up to date and settle all dues.” Varun Shipping is down by 1.8% at INR 7.11 on March 25, 2013. To cut its debt by INR 7 billion-7.5 billion, Varun Shipping will exit its offshore business by September.

Varun Shipping Co. Ltd. Announces Unaudited Standalone Earnings Results for the Quarter and Fifteen Months Ended December 31, 2013

Varun Shipping Co. Ltd. announced unaudited standalone earnings results for the quarter and fifteen months ended December 31, 2013. For the quarter, the company reported total income of INR 73.35 million compared to INR 563.02 million for the same period a year ago. Loss from operations before other income, finance cost and exceptional items was INR 1,957.5 million compared to INR 141.16 million for the same period a year ago. Loss from ordinary activities before tax was INR 2,553.09 million compared to INR 139.81 million for the same period a year ago. Net loss was INR 2,553.09 million or INR 17.02 per basic and diluted share before and after extraordinary items compared to net loss of INR 139.81 million or INR 0.93 per basic and diluted share before and after extraordinary items for the same period a year ago. For the fifteen months period, the company reported total income of INR 2,005.07 million, loss from operations before other income, finance cost and exceptional items was INR 2,850.73 million, loss from ordinary activities before tax was INR 3,698.93 million and net loss was INR 3,698.93 million or INR 24.66 per basic and diluted share before and after extraordinary items.

 

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