Adani Ports and Special Economic Zone disclosed a substantial rise in consolidated net profit for the quarter ended June 2014. During the quarter, the profit of the company rose 36.05% to Rs 5,680.00 million from Rs 4,175.00 million in the same quarter last year.
Net sales for the quarter declined 14.66% to Rs 12,616.40 million, compared with Rs 14,784.10 million for the prior year period.
Earnings per share for the quarter stood at Rs 2.74, registering 32.37% growth over previous year period.
| Quarterly Results - (Rs in mn) |
| As at | Jun - 14 | Jun - 13 | %Change |
| Net Sales | 12,616.40 | 14,784.10 | (14.66) |
| Net Profit | 5,680.00 | 4,175.00 | 36.05 |
| Basic EPS | 2.74 | 2.07 | 32.37 |
Shares of the company gained Rs 6.45, or 2.42%, to trade at Rs 273.15. The total volume of shares traded was 466,336 at the BSE (1.27 p.m., Wednesday).
