The company had posted a net loss of Rs 449.77 crore during the same period a year ago, Mercator said in a BSE filing.
Shipping firm Mercator Ltd reported a consolidated net loss of Rs 340 crore for the quarter ended December 31, 2012. The reasons for the loss as told to CNBC-TV18 by Prasad Patwardhan, CFO of the company was the subsidiary in Singapore.
In CNBC-TV18's popular show Bull's Eye, SP Tulsian, sptulsian.com shares trading strategy of the day.