Adani Ports and SEZ Ltd on Friday reported a 25 per cent rise in revenues and 57 per cent increase in profit after tax (PAT) in the second quarter of 2012-13, ended September 30, compared to the corresponding quarter last fiscal.
While revenues were at Rs 792 crore (Rs 632 crore), PAT stood at Rs 430 crore (Rs 273 crore), a company statement said here.
The company handled 20.43 million tonnes of cargo in Q2, up by 15 per cent. Adani Ports continued to be the second largest commercial port in India both in terms of total cargo and containers, said Gautam Adani, Chairman.
The cargo handled at all other ports have shown de-growth of 3 per cent, the company said.
The other operational ports in Dahej (Gujarat) and Abbot Point (Australia) are performing well and ports at Hazira and container terminal in Mundra are completed. The upcoming projects at Goa, Visakhapatnam and Tuna Tekra (Kandla) are also on course, the company added.
The company’s stock was trading down marginally at Rs 124 on the BSE on Friday at 3.00 p.m.