Adani Ports and SEZ has reported a 35.95 per cent growth in net profit to Rs 310.59 crore for the third quarter ended December 31, 2011.
Higher volume, favourable cargo-mix and a better rate realisation have enabled Adani Ports and Special Economic Zone (earlier Mundra port), to report a 36 per cent increase in net profit at Rs 311 crore for the quarter ended December 2011.
It also reported a 56 per cent growth in revenue at Rs 693 crore (Rs 453 crore).
The port also had a Rs 75-crore revenue from the special economic zone. Container volume increased by 20 per cent for the quarter to 3.9 lakh TEUs from 3.24 lakh TEUs. Bulk cargo volume increased by 34 per cent to 16.6 million tonnes from 12.41 mt in the corresponding previous quarter. The increase in volume has been higher compared to other ports in the country. Adani Port also handles group company cargo.
The company share, however, ended at Rs 148.20, down by 1.13 per cent on BSE.
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