Adani Ports & Special Economic Zone Ltd has posted a consolidated net profit Rs 992 crore in the September quarter this year against Rs 1,072 crore last year.

Consensus forecast for September quarter consolidated net profit was Rs 845 crore.

September quarter consolidated revenue from operations stood at Rs 2,706 crore against Rs 2,173 crore last year.

The board said it has approved buyback of NCDs worth Rs 500 crore.

Net debt as of September 30, 2017 stood at Rs 17,864 crore. The board has also approved issue of NCDs worth Rs 3,000 crore on a private placement basis.

Shares of Adani Ports were trading lower by 3.06 per cent at Rs 418.60 on the BSE.

comment COMMENT NOW