The Bombay-listed shipowner booked a INR 112m ($1.8m) deficit forthe three months to 30 September versus a loss of INR 360m in the same period ayear ago.
An unidentified one-off item of INR 50m was largelyresponsible for the red ink in the third quarter of 2012.
But the company also reported a big drop in costs to INR 4.15bn in the third quarter of this year from INR 6.78bn