Mundra Port's profit rises 21% at Rs 212 cr in Q2

Mundra Port and Special Economic Zone, an Adani Group promoted firm, today reported a rise of about 21 per cent in net profit at Rs 211.67 crore for the quarter ended September 30.

Net profit of the company was at Rs 174.78 crore during the same period last year.

Total income of the company rose to Rs 413.51 crore during the July-September quarter from Rs 327.36 crore reported in the same period of 2009-10, Mundra Port said in a filing to the Bombay Stock Exchange (BSE).

The company, in the quarter, also reported a growth of 24 per cent in its cargo and container business, which was about 12.58 million tonnes. It had handled cargo of 10.11 MMT during the same period a year ago.

"The cargo composition has also been steady with coal, crude and containers taking the top spot. The major growth drivers have been bulk cargo and containers," Mundra Port said in the statement.

Mundra Port's scrips traded at Rs 164.50 a piece on the BSE, down 3.69 per cent from its previous close.