Adani Ports and Special Economic Zone fell 1.64% to Rs 339 at 14:55 IST on BSE after the company's consolidated net profit rose 13.66% to Rs 512.08 crore on 37.62% rise in total income to Rs 1701.13 crore in Q3 December 2014 over Q3 December 2013.
The Q3 result was announced during market hours today, 28 January 2015.
Meanwhile, the S&P BSE Sensex was down 106.23 points or 0.37% at 29,460.68.
On BSE, so far 4.6 lakh shares were traded in the counter as against average daily volume of 2.85 lakh shares in the past one quarter.
The stock hit a high of Rs 350.30 and a low of Rs 335.15 so far during the day. The stock had hit a record high of Rs 352.60 on 23 January 2015. The stock had hit a 52-week low of Rs 141 on 30 January 2014.
The stock had outperformed the market over the past one month till 27 January 2015, rising 19.44% compared with Sensex's 8.55% rise. The scrip had also outperformed the market in past one quarter, jumping 30.92% as against Sensex's 10.53% rise.
The large-cap firm has equity capital of Rs 414.01 crore. Face value per share is Rs 2.
Adani Ports' consolidated earnings before interest, taxes, depreciation and amortization (EBIDTA) increased by 34% to Rs 1090 crore in Q3 December 2014 over Q3 December 2013. Consolidated cargo handled by the company rose 33% to 39 million metric tonne (MMT) in Q3 December 2014 over Q3 December 2013. Adani ports at Mundra handled 29 MMT cargo in Q3 December 2014, thereby continuing its leadership as the single largest commercial port in India. The results include the result of The Dhamra Port Company, which APSEZ acquired with effect from 23 June 2014.
Adani Ports & Special Economic Zone (APSEZ) - a part of India's leading infrastructure conglomerate the Adani Group - is India's largest multi-port operator.
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