India's Great Eastern Shipping has made the most of rising markets to post a bigger profit in its third quarter.

The company said it made INR 2.98bn ($41.92m) net to 31 December, against INR 980m in the same period of 2017.

Revenue rose to INR 10.44bn from INR 8.36bn year-on-year.

Crude carrier daily earnings increased to $21,053 from $16,811 in 2017, while the figure for bulkers was $14,551 against $12,231.