Shipping Corporation of India (SCI) has fallen to a bigger loss in its second quarter despite profit from vessel sales.
The net deficit to 30 September was INR 1.43bn ($19.56m), against INR 760m a year ago.
Revenue rose by 16.3% year-on-year to INR 9.4bn
During the quarter the company sold one tanker and two LPG carriers, booking a gain of 905m.