Shreyas Shipping and Logistics rebounded to a US $3.6 million net profit in the third fiscal quarter from a net loss of about $468,000 in the same period in 2013, driven by a significant growth in the shipping activity that has helped the company become a pan-India feeder line. Its total income for the quarter has jumped by 18.37%. "The turnaround in results displays the efficiency of the company. The company expected to perform better, considering the expansion in capacities and support by pragmatic policies of the government to boost economic development of the country," Shreyas Shipping Chairman and Managing Director Ramesh Ramakrishnan said in a press release.