The company had posted a net loss of Rs 12.30 crore in the corresponding quarter of previous fiscal, Mercator Ltd said in a regulatory filing.
The firm's income from operations declined to Rs 718.37 crore from Rs 755.77 crore in the year ago period, it added.
Total expenses dropped to Rs 591.52 crore from Rs 619.38 crore in the corresponding quarter of the previous fiscal.
Mercator is present across the energy value chain with shipping and dredging, providing end-to-end solutions to clients, comprising storage, transportation, logistics and port infrastructure.