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Adani Ports and SEZ reports 8% fall in Q2 consolidated net profit

13 Nov 2017 Evaluate

Adani Ports and SEZ has reported results for second quarter ended September 30, 2017.

The company has reported 25.62% fall in its net profit at Rs 681.85 crore for the quarter ended September 30, 2017 as compared to Rs 916.67 crore for the same quarter in the previous year. However, the total income of the company increased by 19.37% at Rs 1907.24 crore for Q2FY18 as compared Rs 1597.78 crore for the corresponding quarter previous year.

On consolidate basis, the company has reported 7.88% fall in its net profit at Rs 992.37 crore for the quarter under review as compared to Rs 1077.28 crore for the corresponding quarter in the FY17. However, total consolidated income of the company increased by 22.91% at Rs 2962.12 crore for quarter under review as compared to Rs 2410.03 crore for the same quarter ended previous year.

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