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( 04 May 2018)
Adani Ports & Speci Q4 net profit down 16.35% at Rs 700.59 cr

The company reported standalone net profit of Rs 700.59 crore for the quarter ended March 31, 2018 as compared to Rs 837.49 crore in the same period last year, registering a year-on-year decline of 16.35 per cent.

Net revenue of the company rose substantially by 57.46 per cent at Rs 1,944.35 crore in January-March quarter of this fiscal as against Rs 1,234.85 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 504.23 per cent to Rs 899.22 crore from Rs 148.82 crore in year ago period.

Other Income grew by 20.83 per cent at Rs 478.36 crore versus (Mar'17 Rs 395.88 crore).

Operating Profit slipped by 3.77 per cent to Rs 1,045.13 crore as against Rs 1,086.03 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 38.89 per cent in March quarter.

Interest declined by 6.13 per cent y-o-y to Rs 390.87 crore, while Taxation increased by 243.55 per cent at Rs 315.48 crore (Mar'17 Rs 91.83 crore).