 "Adani Ports rallies on strong operational performance in Q4")
Adani Ports and Special Economic Zone (SEZ) has rallied 6% to Rs 335 on the NSE after reporting a strong 49% year on year (yoy) increased in its consolidated operation profit to Rs 1,247 crore in March 2015 quarter. The company had EBIDTA of Rs 836 crore in corresponding quarter last year.
The consolidated net profit in March quarter increased by 25% to Rs 661 crore, as compared to Rs 530 crore in corresponding quarter last year. Consolidated total income increased by 42% to Rs 1,832 crore on yoy basis, Adani Ports said in a statement.
Consolidated cargo handled by the company was 36 million metric tonnes (MMT) in Q4FY15, an increase of 26%, over corresponding quarter last year, it added.
The stock opened at Rs 326 and touched a high of Rs 337 on the NSE. Till 1056 hours, a combined 2.98 million shares changed hands on the counter on the NSE and BSE.
The consolidated net profit in March quarter increased by 25% to Rs 661 crore, as compared to Rs 530 crore in corresponding quarter last year. Consolidated total income increased by 42% to Rs 1,832 crore on yoy basis, Adani Ports said in a statement.
Consolidated cargo handled by the company was 36 million metric tonnes (MMT) in Q4FY15, an increase of 26%, over corresponding quarter last year, it added.
The stock opened at Rs 326 and touched a high of Rs 337 on the NSE. Till 1056 hours, a combined 2.98 million shares changed hands on the counter on the NSE and BSE.
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