Adani Ports and Special Economic Zone Ltd said its normalized net income for the fiscal first quarter ended June 30 amounted to 1.90 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 2.56 rupees per share.
EPS climbed 38.4% year over year from 1.37 rupees.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 3.93 billion rupees, a gain of 42.3% from 2.76 billion rupees in the year-earlier period.
The normalized profit margin climbed to 31.6% from 19.1% in the year-earlier period.
Total revenue decreased 13.9% on an annual basis to 12.46 billion rupees from 14.47 billion rupees, and total operating expenses decreased 12.9% year over year to 5.90 billion rupees from 6.77 billion rupees.
Reported net income increased 36.0% year over year to 5.68 billion rupees, or 2.74 rupees per share, from 4.17 billion rupees, or 2.07 rupees per share.
As of Aug. 6, US$1 was equivalent to 61.34 Indian rupees.