Adani Ports and Special Economic Zone Ltd.

Adani Ports and Special Economic Zone reported results for the fourth quarter & year ended March 31, 2013.

The company has reported a rise of 44.82% in its net profit at Rs 490.77 crore in Q4FY13 as compared to net profit of Rs 338.88 crore in the same quarter previous year. Total income of the company has increased by 58.17% to Rs 1031.16 crore as compared to Rs 651.94 crore in corresponding quarter last year.

On consolidated basis, the company has reported 3-fold jump in its in its net profit at Rs 710.31 crore in Q4FY13 as compared to net profit of Rs 239.46 crore in the same quarter previous year. Total income of the company has increased by 53.70% to Rs 1081.69 crore as compared to Rs 703.75 crore in corresponding quarter last year.

For the year ended March 31, 2013, the company has registered 49% surge in its net profit at Rs 1754.18 crore in FY13 as against Rs 1177.26 crore in previous years. However, total income of the company has increased to Rs 3564.29 crore as compared to Rs 2522.15 crore in FY12, up by 41.32%.

On consolidated basis, the group has registered 47.29% rise in its net profit at Rs 1623.22 crore in FY13 as against Rs 1102.07 crore in previous year. Total income of the company has increased to Rs 3841.07 crore as compared to Rs 2748.76 crore in FY12, up by 39.74%.