Saturday, August 4, 2012

Adani Ports Q1 net up 65% at Rs 418 cr


Adani Ports and Special Economic Zone  's net profit rose higher than expected 64.6% year-on-year to Rs 418 crore in the quarter ended June 2012. Analysts on an average had expected at Rs 309 crore.

Net sales went up by 18.9% to Rs 789.4 crore from Rs 664 crore during the same period.

The forex loss increased significantly to Rs 32.2 crore in the first quarter of FY13 as against Rs 1.7 crore in a year ago period.

In a press conference, Adani Port said they had handled 17.42 mt of cargo in the quarter. According to them, Adani Port is now the second largest port in India.


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

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