Adani Ports and Special Economic Zone was down 0.96% to Rs 238.10 at 15:24 IST on BSE after consolidated net profit rose 31% to Rs 836 crore on 11% growth in total income to Rs 2084 crore in Q1 June 2016 over Q1 June 2015.
The result was announced during market hours today, 9 August 2016.Meanwhile, the S&P BSE Sensex was down 106.95 points or 0.38% at 28,075.62.
On BSE, so far 10.11 lakh shares were traded in the counter as against average daily volume of 5.98 lakh shares in the past one quarter. The stock was volatile. The stock lost as much as 2.22% at the day's low of Rs 235.05 so far during the day. The stock rose as much as 1.26% at the day's high of Rs 243.45 so far during the day. The stock had hit a 52-week low of Rs 169.65 on 12 February 2016. The stock had hit a record high of Rs 374.70 on 20 August 2015. The stock had outperformed the market over the past one month till 8 August 2016, advancing 16.11% compared with 3.89% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 23.31% as against Sensex's 11.71% rise.
The large-cap company has equity capital of Rs 414.19 crore. Face value per share is Rs 2.
Adani Ports and Special Economic Zone's (APSEZ) consolidated cargo volumes increased by 7% to 42.33 million metric tonne (MMT) in Q1 June 2016 over Q1 June 2015.
APSEZ's Chief Executive Officer Karan Adani said that a healthy growth in cargo volumes, operational efficiencies and the company's strategy to increase bulk cargo volumes, other than coal volumes have enabled APSEZ to report all round growth in Q1 June 2016. The growth in bottom line during the quarter was a result of immense focus on controlling borrowing costs along with maintaining high EBITDA (earnings before interest, taxation, depreciation and amortization) margin, Adani said. Going forward, coastal shipping, commissioning of CT4, further growth in volumes at Kattupalli will be the company's focus areas, Adani added.
APSEZ, a part of the Adani Group, is India's largest private port operator.
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