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Essar Ports registers consolidated net profit at Rs 92.07 crore in Q4

18 Apr 2013 Evaluate

Essar Ports has reported results for fourth quarter and year ended March 31, 2013

The company has posted a net loss of Rs 14.07 crore for the quarter ended March 31, 2013 as compared to a net loss of Rs 12.33 crore for the same quarter in the previous year. Total income from operation of the company has decreased by 36.80% at Rs 7.85 crore for quarter under review as compared to Rs 12.42 crore for the quarter ended March 31, 2012.

On consolidated basis, the company has reported net profit at Rs 92.07 crore for the quarter ended March 31, 2013 as compared to net loss of Rs 61.51 crore for the same quarter in the previous year. Total income from operation of the company has soared by 34.26% at Rs 387.08 crore for quarter under review as compared to Rs 288.31 crore for the quarter ended March 31, 2012.

For the year ended March 31, 2013, the company has posted a net loss of Rs 38.36 crore as compared to a net loss of Rs 70.99 crore for the same period in the previous year. Total income from operation has decreased marginally by 2.26% at Rs 35.40 crore for year under review as compared to Rs 36.22 crore for the period ended March 31, 2012.

For the year ended March 31, 2013, on the consolidated basis, the company has posted over five fold jump in its net profit at Rs 331.55 crore as compared to Rs 63.95 crore for the same period in the previous year. Total income from operation increased by 28.20% at Rs 1421.53 crore for year under review as compared to Rs 1108.81 crore for the period ended March 31, 2012.

 

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