India’s Bharati Shipyard has posted a much bigger loss in its third quarter.

The net deficit to 31 December was INR 9.1bn ($132.86m), from INR 988m in the same period of 2014.

Total operating income was up at INR 39.69m, from INR 29.82m the year before.

But costs were higher at INR 492.14m compared to INR 369.75m, while finance expenses fell to INR 520.5m