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Adani Ports shares tank nearly 7% after Q1 earnings

Press Trust of India  |  New Delhi 

Shares of Ports and Special Economic Zone (APSEZ) today tumbled nearly 7 per cent after the company reported 9 per cent decline in consolidated profit for the June quarter.

The stock tanked 6.67 per cent to Rs 371.20 on BSE.

At NSE, shares of the company dived 6.63 per cent to Rs 371.

The stock was the worst hit among the on both the key indices during the morning trade.

APSEZ yesterday reported 9 per cent decline in consolidated profit to Rs 697.40 crore for the first quarter of 2018-19 financial year.

It had posted a net profit of Rs 767.52 crore in April-June, 2017-18, APSEZ said in a filing to BSE.

The consolidated income also fell to Rs 2,703.86 crore from Rs 2,959.63 crore in the year-ago period.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, August 07 2018. 12:40 IST