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Mundra Port Q3 net profit at Rs 163.25 cr

Press Trust of India  |  Mumbai 

Billionaire Gautam Adani-led Mundra Port and Special Economic Zone today reported net profit of Rs 163.25 crore for the third quarter ended December 31, while the same was at Rs 100.81 crore during the year-ago period.

Figures of the current period are not comparable with the results of the corresponding period a year-ago due to change in accounting practice, Mundra Port and Special Economic Zone said in a filing to the Bombay Stock Exchange (BSE).

The company declared an interim dividend of Rs 2.50 per equity share for the financial year 2009-10.

Total income of the private port developer stood at Rs 337.83 crore during the December quarter of the current financial year, whereas the same was at Rs 300.88 crore in the same quarter last fiscal.

For the nine-month period ended December 31, 2009, Mundra Port registered net profit of Rs 508.79 crore, while it was at Rs 309.89 crore during the same period the previous financial year.

Shares of Mundra Port were quoting at Rs 584, up 0.23 per cent in late afternoon trade on the BSE.

First Published: Thu, January 28 2010. 15:55 IST