Adani Ports and Special Economic Zone rose 2.80% to Rs 219.95 at 14:51 IST on BSE after consolidated net profit fell 25.41% to Rs 529.80 crore on 19.15% increase in total income to Rs 1288.78 crore in Q4 March 2014 over Q4 March 2013.
The result was announced during trading hours today, 15 May 2014.
Meanwhile, the BSE Sensex was up 8.94 points, or 0.04%, to 23,824.06.
On BSE, so far 21.07 lakh shares were traded in the counter, compared with an average volume of 5.37 lakh shares in the past one quarter.
The stock hit a high of Rs 227.10 and a low of Rs 215.70 so far during the day. The stock hit a 52-week high of Rs 229.50 on 14 May 2014. The stock hit a 52-week low of Rs 118 on 5 August 2013.
The stock had outperformed the market over the past one month till 14 May 2014, rising 12.14% compared with 5.24% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 47.72 as against Sensex's 16.93% rise.
The large-cap company has an equity capital of Rs 414.01 crore. Face value per share is Rs 2.
Adani Ports and Special Economic Zone (Adani Ports & SEZ) said that results of the year/quarter are not comparable with the previous year/quarter as previous year's consolidated results included profit on sale discontinued operations - Australia Abbot Point Operation.
The consolidated EBIDTA (earnings before interest, depreciation, taxes and amortization) increased by 20% to Rs 836 crore in Q4 March 2014 compared to Rs 698 crore in Q4 March 2013. The consolidated net profit without considering Abbot Point, which had been divested last year, increased by 43% to Rs 530 crore in Q4 March 2014 over Q4 March 2013. The consolidated cargo handled by the company was 28.85 MMT in Q4 March 2014, an increase of 12%, over same period last year.
The company's net profit rose 7.17% to Rs 1739.64 crore on 43.39% increase in total income to Rs 5507.62 crore in the year ended March 2014 (FY 2014) over the year ended March 2013 (FY 2013).
The consolidated EBIDTA increased by 36% to Rs 3.604 crore in FY 2014 compared to Rs 2.640 crore in FY 2013. The consolidated PAT without considering Abbot Point, which had been divested last year, increased by 13% to Rs 1,740 crore in FY 2014 over FY 2013. The consolidated cargo handled by the company was 112.75 MMT in FY 2014, an increase of 24% over FY 2013.
Adani ports Mundra handled 101.12 MMT cargo making it the largest commercial port in India. It registered a 23% growth in the year FY 2014 compared to growth of 2% for cargo at all major ports. In case of containers, it handled 2.39 million TEUs with 38% growth as compared to de-growth by 3% in container volume at all major ports.
During Q4 March 2014, Adani Ports Mundra handled 26.39 MMT cargo with 15% growth in the quarter compared to growth of 1% for at all major ports. In case of containers, it handled 0.71 million TEUs with 49% growth as compared to a no growth at all major ports.
The port at Dahej continues to perform very well. It handled cargo of 7.89 MMT in the year FY 2014, a rise of 4% as compared to 7.56 MMT in corresponding period previous year.
The port at Hazira handled a cargo of 0.94 MMT in Q4 March 2014 and 3.73 MMT in the year FY 2014.
Adani Ports & SEZ is engaged in business of developing, operating and maintaining the port and port related infrastructure facilities including multi-product special economic zone.
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