Adani Ports Q4 Profit Drops by 20.5%

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India's largest private multi-port operator Adani Ports and Special Economic Zone Limited on Thursday reported 20.5 percent fall in consolidated profit at Rs 926.77 crore for the fourth quarter (Q4) from Rs 1,166.91 crore in the corresponding quarter of the previous fiscal.

Adani Ports Q4 Profit Drops by 20.5%

Its revenue from operations was up by 43 percent at Rs 3,183 crore for the quarter ended March 2018. The port operator's total comprehensive income attributable to equity holders stood at Rs 938 crore, while it was Rs 1179.30 crore for the same quarter a year ago.

The profit after tax was affected by the higher tax incidence of Rs 396 crore in the fourth quarter when compared with Rs 12 crore the previous year. The higher tax is due to the end of tax holiday period for Mundra port. However, the company did not have any incremental impact from cash flow angle due to MAT credit entitlement. The balance MAT credit was Rs 2,025 crore as on March 31, 2018, against Rs 2,685 crore in March 2017.

Its EPS (earnings per share) for the fourth quarter stood at Rs 4.48 per share.

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