Adani Ports and Special Economic Zone rose 0.52% to Rs 341.45 at 14:54 IST on BSE after consolidated net profit rose 13% to Rs 641 crore on 32% growth in total income including other income to Rs 1897 crore in Q1 June 2015 over Q1 June 2014.
The Q1 result was announced during market hours today, 10 August 2015.
Meanwhile, the S&P BSE Sensex was up 103.76 points or 0.37% at 28,340.15.
On BSE, so far 1.98 lakh shares were traded in the counter as against average daily volume of 2.59 lakh shares in the past one quarter.
The stock was volatile. The stock rose as much as 1.35% at the day's high of Rs 344.30 so far during the day. The stock lost as much as 0.61% at the day's low of Rs 337.60 so far during the day. The stock had hit a record high of Rs 357.95 on 28 February 2015. The stock had hit a 52-week low of Rs 244 on 17 October 2014.
The stock had outperformed the market over the past one month till 7 August 2015, advancing 2.03% compared with Sensex's 0.23% rise. The scrip had, however, underperformed the market in past one quarter, surging 5.33% as against Sensex's 6.16% rise.
Also Read
The large-cap company has equity capital of Rs 414.19 crore. Face value per share is Rs 2.
Adani Ports and Special Economic Zone's (APSEZ) earnings before interest, taxation, depreciation and amortization (EBITDA) rose 31% to Rs 1294 crore in Q1 June 2015 over Q1 June 2014.
Commenting on the company's Q1 performance, Mr. Gautam Adani, Chairman of Adani Group said that the company's pan India presence continues to expand and it has received the letter of award from the Government of Kerala for the development of the strategically located Vizhinjam port. APSEZ's strong financial and operational results are a testimony of its continued focus on execution of its strategy, Adani said.
Elaborating on the performance, Mr. Sudipta Bhattacharya, Chief Executive Officer of APSEZ said that despite the increasingly large baseline of cargo volume, the company has continued to demonstrate strong growth as a result of its ability to capture market share through broadening of its network of ports and logistics capabilities.
APSEZ, a part of India's leading infrastructure conglomerate the Adani Group, is India's largest multi-port operator.
Powered by Capital Market - Live News