Mundra Port Q4 net up 66% at Rs 151 cr

Adani Group-promoted Mundra Port and Special Economic Zone today said its net profit grew 66 per cent during the fourth quarter ended March 31 to Rs 151.19 crore over the corresponding period a year ago.     

The company had a net profit of Rs 91.10 crore during the January-March quarter a year earlier, Mundra Port and Special Economic Zone said in a filing to the Bombay Stock Exchange.     

Total income of the company during the March quarter of FY09 rose to Rs 301.40 crore from Rs 349.55 crore of the corresponding quarter previous year.     

Mundra Port and Special Economic Zone has declared a final dividend of Re 1 per share.     

For the financial year ended March 31, 2009, the private sector cargo terminal posted a net profit of Rs 461.08 crore, registering an over two-fold jump compared to Rs 213.41 crore of FY08.     

Total income during the FY09 also rose to Rs 1,179.44 crore from Rs 846.11 crore of 2007-08 fiscal.     

Shares of Mundra Port and Special Economic Zone surged over 4 per cent and were trading at Rs 551.50 in the late afternoon trade on the BSE.