It said the net deficit in the fourth quarter to 31 March was INR 83m ($1.4m), compared to a profit of INR 64.5m in the same three months of the previous year.
Revenue was up at INR 1.34bn, however, against INR 1.11bn a year ago.
Indian feeder line Shreyas Shipping has finished its financial year with a loss.
It said the net deficit in the fourth quarter to 31 March was INR 83m ($1.4m), compared to a profit of INR 64.5m in the same three months of the previous year.
Revenue was up at INR 1.34bn, however, against INR 1.11bn a year ago.