The Mumbai-listed shipowner said the deficit in the second three months to 31March was INR 477.1m ($8.7m), comparedto INR 1.38bn in the same three months of 2012.
Operating indicators were weaker, however,as revenue fell to INR 453.8m against INR 803.6m a year ago and costs rose to INR629m from INR 437m.
The tanker, gas carrier and offshore vesselowner said it only lost INR 12m on currency exchange movements in the period, whilein 2012 the figure was a whopping INR 1.46bn.
The
