Essar Ports said a decline in net profit for the quarter ended March 2014. During the quarter, the profit of the company declined 1.38% to Rs 908.00 million from Rs 920.70 million in the same quarter last year.
Net sales for the quarter jumped 71.35% to Rs 6,632.70 million, compared with Rs 3,871 million for the prior year period.
Earnings per share for the quarter stood at Rs 2.09, registering 0.00% growth over previous year period.
| Quarterly Results - (Rs in mn) |
| As at | Mar - 14 | Mar - 13 | %Change |
| Net Sales | 6,632.70 | 3,870.80 | 71.35 |
| Net Profit | 908.00 | 920.70 | (1.38) |
| Basic EPS | 2.09 | 2.09 | - |
Shares of the company gained Rs 1.55, or 2.3%, to trade at Rs 69.00. The total volume of shares traded was 130,281 at the BSE (3.04 p.m., Thursday).
