Adani Ports and Special Economic Zone has reported results for the quarter and year ended March 31, 2012
The Company’s net profit for the fourth quarter ended March 31, 2012 marginally rose by 1.24% at Rs 338.88 crore whereas the same was at Rs 334.73 crore for the same quarter of previous fiscal. Company’s total income also rose marginally by 0.36% at Rs 650.23 crore for the quarter under review whereas the same was at Rs 647.87 crore for the March quarter of the previous year.
For the full Year ended March 31, 2012, the Company has posted a net profit at Rs 1177.26 crore whereas the same was at Rs 986.16 crore for the year ended March 31, 2011, up by 19.38%. It’s total income rose by 25.90% at Rs 2524.60 crore for year under review whereas the same was at Rs 2005.30 crore for the previous fiscal.
On consolidated basis, the Group’s net profit surged by 20.03% at Rs 1102.07 crore for the year ended March 31, 2012 whereas the same was at Rs 918.15 crore for the year ended March 31, 2011. Group’s total income surged by 57.83% at Rs 3330.45 crore for the year ended March 31, 2012 whereas the same was at Rs 2110.14 crore for the year ended March 31, 2011.
Income from operations and Net profit for the quarter and year ended as on March 31, 2011 includes one time income of Rs 80.67 crore and Rs 77.27 crore respectively relating to previous years on account of change in accounting policy relating to land lease/sub-lease transactions based on the principles of finance lease pursuant to guidance not on 'Technical Guide on Accounting for Special Economic Zones (SEZs) Development Activities' issued by Institute of Chartered Accountants of India (ICAI). Accordingly, results for the quarter and for the year ended are not comparable to previous year due to this change in accounting policy.
Even, the consolidated figures for the year ended March 31, 2012 are not comparable with that of the previous year as the current year's figure include results of the operations of Mundra Port and Adani Abbot Point Terminal Holding, Australian subsidiary Companies with effect from June 01, 2011
| Company Name | CMP |
|---|---|
| Adani Ports &Special | 1378.85 |
| JSW Infrastructure | 286.35 |
| Gujarat Pipavav Port | 191.10 |
| View more.. | |
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