The bulker owner said net earnings in the first quarter to 30 June were INR 25.3m ($422,000), up from INR 19.6m in 2013.
Revenue fell to INR 31m from INR 34.6m, however.
India’s Chowgule Steamship has begun its financial year with a stronger showing despite lower revenue.
The bulker owner said net earnings in the first quarter to 30 June were INR 25.3m ($422,000), up from INR 19.6m in 2013.
Revenue fell to INR 31m from INR 34.6m, however.