Adani Ports Q3 PAT up 34% at Rs 311 cr

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Adani Ports Q3 PAT up 34% at Rs 311 cr

Adani Ports and SEZ has reported a profit after tax of Rs 311 crore in the third quarter of FY12, a growth of 34% as compared to Rs 228 crore in a year ago quarter.

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Adani Ports and SEZ has reported a profit after tax of Rs 311 crore in the third quarter of FY12, a growth of 34% as compared to Rs 228 crore in a year ago quarter.

Total income rose 53% to Rs 691 crore from Rs 451 crore. Expenditure increased 43% to Rs 279 crore from Rs 195 crore year-on-year.

EBITDA too was up by 56% to Rs 481 crore from Rs 308 crore during the same period.

Operating profit margin improved at 69.71% in the October-December quarter of FY12 versus 68.42% in the corresponding quarter of last fiscal.

Operating expenses rose 29% to Rs 141 crore and depreciation cost went up 32% to Rs 70 crore.

Administration and other expenses increased 4.90 times to Rs 78 crore.