It reported profit before interest, tax, depreciation and amortisation of INR 3.6bn ($5.8m) for the three months to 31 December, compared with INR 4.4bn the previous year.

Net profits fell to INR 101.5m, from INR 191.8m.

GE says its nine months earnings are now INR 13.4bn and INR 5.1bn on a net basis.

It adds that its shipping division recorded profit before tax of INR 618.9m