Adani Ports Q3 net profit up 15% to Rs 477 cr

Consolidated total income for same quarter increased by 16% to Rs 1,244 cr

The Adani Group promoted, Adani Port and Special Economic Zone (APSEZ) Ltd on Monday has posted a standalone net profit of Rs 477.05 crore for the quarter ended December 31, 2013 as compared to Rs 415.43 crore for the corresponding period last year, a rise of 14.83%.

The standalone total income of the company for the same period increased to Rs 879.97 crore from Rs 892.18 crore in the same period of 2012-13.

On standalone basis, total income for the Q3 of FY14 of the company was down to Rs 879.97 crore from Rs 892.18 crore for the corresponding period last fiscal.

Meanwhile, the consolidated total income for the same quarter increased by 16% to Rs 1,244 crore compared to Rs 1,076 crore in the same period last year. The consolidated EBIDTA increased by 8% to Rs 812 crore compared to Rs 753 crore in the same quarter of 2012-13.

"For the quarter ending December 31, 2013, consolidated PAT increased by 25% to Rs 451 crore as compared to Rs 361 crore in the same period last year. The consolidated cargo handled by the company in Q3 FY14 was 29.14 MMT (million metric tonne), an increase of 21%, over same period last year," the company said in a statement.

However, for the first nine months consolidated total income increased by 53% to Rs 4,219 crore compared to Rs 2,759 crore in the same period last year. The consolidated EBIDTA increased to Rs 2,768 crore against Rs 1,942 crore last year, showing a rise of 43%.

The consolidated PAT for the first nine months increased by 33% to Rs 1,210 crore as compared to Rs 913 crore in the same period of 2012-13. The consolidated cargo handled for the first nine months of FY14 was 83.90 MMT, an increase of 29%, over same period the previous year.