Mercator Q2 net loss widens to Rs 46 cr

Mercator Ltd today reported a consolidated net loss of Rs 45.53 crore for the second quarter ended September 30.

The company's consolidated net loss after taxes, minority interest, and share of profit/loss of associates was Rs 3.09 crore in the last fiscal, it said in a regulatory filing.

Consolidated total income from operations dropped to Rs 687.57 crore from Rs 775.32 crore in the year-ago period.

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.