Adani Ports and Special Economic Zone Ltd said its normalized net income for the fiscal first quarter ended June 30 came to 3.28 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 4.47 rupees per share.
EPS increased 20.9% year over year from 2.71 rupees.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 6.79 billion rupees, an increase of 20.9% from 5.61 billion rupees in the year-earlier period.
The normalized profit margin dropped to 24.7% from 30.7% in the year-earlier period.
Total revenue grew 50.3% on an annual basis to 27.45 billion rupees from 18.27 billion rupees, and total operating expenses increased 65.6% on an annual basis to 14.74 billion rupees from 8.90 billion rupees.
Reported net income fell 15.8% from the prior-year period to 7.03 billion rupees, or 3.40 rupees per share, from 8.36 billion rupees, or 4.04 rupees per share.
As of Aug. 11, US$1 was equivalent to 64.14 Indian rupees.
