Adani Ports and Special Economic Zone announced a steep drop in standalone net profit for the quarter ended March 2014. During the quarter, the profit of the company declined 25.41% to Rs 5,298.00 million from Rs 7,103.10 million in the same quarter previous year.
Net sales for the quarter rose 7.76% to Rs 11,158.60 million, compared with Rs 10,355 million for the prior year period.
Earnings per share for the quarter stood at Rs 2.56, registering 27.89% decline over previous year period.
| Quarterly Results - (Rs in mn) |
| As at | Mar - 14 | Mar - 13 | %Change |
| Net Sales | 11,158.60 | 10,355.10 | 7.76 |
| Net Profit | 5,298.00 | 7,103.10 | (25.41) |
| Basic EPS | 2.56 | 3.55 | (27.89) |
Shares of the company gained Rs 3.2, or 1.47%, to settle at Rs 220.35. The total volume of shares traded was 2,344,887 at the BSE (Thursday).
