Q3FY17 Results: Adani Ports and Special Economic Zone Ltd.
Bhagyashree Vivarekar / 14 Feb 2017
The company reported PAT of Rs 839.6 crore, which represents a sequential QoQ decline of 22.14 per cent and a YoY increase of 25.81 per cent.
Adani Ports & Special Economic Zone Ltd reported its results for the quarter ended December 31, 2016, today.
The consolidated numbers came in strong and above expectations.
The company reported total sales of Rs 2235.78 crore for Q3FY17, which represents a 2.42 per cent sequential increase and 31.82 per cent YoY increase.
Its operating profit (EBIT) for the quarter was Rs 1076.43 crore and its EBIT margin was 48.15 per cent.
The company reported PAT of Rs 839.6 crore, which represents a sequential QoQ decline of 22.14 per cent and a YoY increase of 25.81 per cent.
Adani Port and Special Economic Zone Ltd owns a private port and special economic zone in India. Adani Port provides cargo handling and other value-added port services. The company is primarily engaged in one business segment, namely, developing and operating and maintaining the port and port related infrastructure facilities, including multi-product SEZ.
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