Adani Ports shares jump nearly 9% as Q1 net rises

Shares of Adani Ports and Special Economic Zone (APSEZ) today surged nearly 9 per cent after the company reported 31 per cent jump in consolidated net profit for the quarter ended June 30.
The scrip zoomed 8.93 per cent to Rs 260.95 on BSE.
On NSE, it soared 8.96 per cent to Rs 261.25.
APSEZ had yesterday reported a healthy 31 per cent jump in consolidated net profit at Rs 835.71 crore for the quarter ended June 30, riding on growth in cargo volumes.
The firm, led by Gautam Adani, had clocked a net profit of Rs 638.93 crore in the year-ago period, it had said in a BSE filing.

Total consolidated income rose 7 per cent to Rs 1,826.58 crore in April-June quarter from Rs 1,714.78 crore during the same quarter in 2014-15.
The total expenses were higher at Rs 937.80 crore from Rs 850.81 crore for the year-ago period.