Adani Ports and Special Economic Zone Ltd said its normalized net income for the fiscal fourth quarter ended March 31 was 3.47 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 4.92 rupees per share.
EPS increased 15.2% year over year from 3.01 rupees.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 7.20 billion rupees, an increase of 15.2% from 6.25 billion rupees in the year-earlier period.
The normalized profit margin dropped to 32.8% from 34.7% in the year-earlier period.
Total revenue rose 21.9% year over year to 21.94 billion rupees from 18.00 billion rupees, and total operating expenses grew 29.0% on an annual basis to 11.60 billion rupees from 8.99 billion rupees.
Reported net income grew 22.9% on an annual basis to 11.60 billion rupees, or 5.60 rupees per share, from 9.44 billion rupees, or 4.55 rupees per share.
For the year, the company's normalized net income totaled 12.62 rupees per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 17.58 rupees.
EPS rose from 9.55 rupees in the prior year.
Normalized net income was 26.14 billion rupees, an increase from 19.77 billion rupees in the prior year.
Full-year total revenue increased year over year to 84.39 billion rupees from 71.09 billion rupees, and total operating expenses grew on an annual basis to 41.44 billion rupees from 35.30 billion rupees.
The company said reported net income increased year over year to 39.12 billion rupees, or 18.89 rupees per share, in the full year, from 28.97 billion rupees, or 13.99 rupees per share.
As of June 19, US$1 was equivalent to 64.46 Indian rupees.