The feedership player said the net deficit to 31 December was INR 29.1m ($4.8m), compared to a profit of INR 15m in the same period of 2012.
Revenue grew to INR 1.18bn from INR 1.04bn year-on-year.
India's Shreyas Shipping & Logistics has fallen to a loss in its third quarter despite higher revenue.
The feedership player said the net deficit to 31 December was INR 29.1m ($4.8m), compared to a profit of INR 15m in the same period of 2012.
Revenue grew to INR 1.18bn from INR 1.04bn year-on-year.