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Adani Ports and Special Economic Zone Limited posted consolidated profit after tax at Rs 836 crore for the first quarter ended June 2016, up 31 per cent from Rs 639 crore in the same period last year.
The company's consolidated total income for the period stood at Rs 2,084 crore, showing an increase of 11 per cent on year-on-year basis, the company informed here.
Earnings per share for the first quarter stood at Rs 4.04 per share, which is higher by 31 per cent against the same period last year.
Karan Adani, Chief Executive Officer of APSEZ, said, “A healthy growth in cargo volumes, operational efficiencies and our strategy to increase bulk cargo volumes, other than coal volumes have enabled us to report all round growth in our financial numbers. Our bottom line growth is a result of our immense focus on controlling borrowing costs along with maintaining high EBITDA margin."
The company's consolidated cargo volume increased by 7 per cent on year-on-year basis at 42.33 million tonnes for the quarter.
APSEZ shares ended in the red at Rs 239, down close to 1 per cent on the National Stock Exchange on Tuesday.
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