Adani Ports & Special Economic Zone was down 2.21% to Rs 332 at 14:51 IST on BSE after the company announced its Q3 result during market hours today, 6 February 2019.
Meanwhile, the S&P BSE Sensex was up 367.96 points, or 1% to 36,984.77
On the BSE, 4.99 lakh shares were traded in the counter so far compared with average daily volumes of 5.01 lakh shares in the past two weeks. The stock had hit a high of Rs 341.75 and a low of Rs 319.20 so far during the day.
Adani Ports and Special Economic Zone (APSEZ)'s consolidated profit after tax rose 42% to Rs 1410 crore on 5% rise in revenue to Rs 2824 crore in Q3 December 2018 over Q3 December 2017.
Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) (excluding forex loss/gain) rose 3% to Rs 1843 crore in Q3 December 2018 over Q3 December 2017. EBITDA margin stood at 65% in Q3 December 2018.
Karan Adani, Chief Executive Officer and Whole Time Director of APSEZ said the company will continue its strategy to diversify cargo mix and continuously add economic hinterland reach.
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Adani Ports and Special Economic Zone, a part of globally-diversified Adani Group, is the largest port developer and operator in India.
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