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Adani Ports and SEZ declines on reporting 8% fall in Q2 consolidated net profit

  • Nov-14-2017
  • 14 Hrs IST

Adani Ports and Special Economic Zone is currently trading at Rs. 410.55, down by 3.50 points or 0.85% from its previous closing of Rs. 414.05 on the BSE.

The scrip opened at Rs. 414.00 and has touched a high and low of Rs. 416.95 and Rs. 407.05 respectively. So far 194422 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 443.35 on 06-Nov-2017 and a 52 week low of Rs. 246.00 on 21-Nov-2016.

Last one week high and low of the scrip stood at Rs. 437.00 and Rs. 407.05 respectively. The current market cap of the company is Rs. 85219.66 crore.

The promoters holding in the company stood at 63.34%, while Institutions and Non-Institutions held 32.32% and 4.34% respectively.

The company has reported 25.62% fall in its net profit at Rs 681.85 crore for the quarter ended September 30, 2017 as compared to Rs 916.67 crore for the same quarter in the previous year. However, the total income of the company increased by 19.37% at Rs 1907.24 crore for Q2FY18 as compared Rs 1597.78 crore for the corresponding quarter previous year.

On consolidate basis, the company has reported 7.88% fall in its net profit at Rs 992.37 crore for the quarter under review as compared to Rs 1077.28 crore for the corresponding quarter in the FY17. However, total consolidated income of the company increased by 22.91% at Rs 2962.12 crore for quarter under review as compared to Rs 2410.03 crore for the same quarter ended previous year.