1. Adani Ports net rises 25% to Rs 661 cr

Adani Ports net rises 25% to Rs 661 cr

Adani Ports and Special Economic Zone (APSEZ) reported a 25% year-on-year increase in consolidated net profit .

By: | Mumbai | Published: May 2, 2015 12:12 AM

Adani Ports and Special Economic Zone (APSEZ) on Friday reported a 25% year-on-year increase in consolidated net profit to Rs 661 crore for the fourth quarter ended March 31, 2015 on the back of higher cargo during the period, the company said in a statement on Friday.

Consolidated total income increased 42% y-o-y to Rs 1,832 crore during the quarter while EBIDTA was up 49% to Rs 1,247 crore.

For the full year ended March 31, 2015, the company recorded a 33% y-o-y jump in consolidated net profit to Rs 2,314 crore while total income increased 24% y-o-y to Rs 6,838 crore. EBIDTA during the period was up 27% y-o-y to Rs 4,588 crore.

Consolidated cargo across all ports handled by the company was 144 mmt in FY15, an increase of 28% over last year. The Mundra port handled 111 mmt cargo, registering 10% y-o-y growth. The port also registered nearly 14% y-o-y growth in containers handled at 2.72 million TEUs.

The above results include the result of the Dhamra Port Company, which APSEZ acquired on June 23, 2014.

The board of directors have recommended a dividend of 55%, which will be Rs 1.10 per equity share for financial year 2014-15.

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