India's Essar Shipping has seen its fourth quarter loss increase as costs rose.
The bulker and tanker owner said the net deficit to 31 March was INR 1.76bn ($27.22m), against INR 1.47bn the year before.
Revenue dwindled to INR 4.67bn from INR 4.78bn, while costs grew to INR 6.43bn from INR 6.19bn.
The annual loss was INR 5.83bn, against INR 5.50bn
