Adani Ports and Special Economic Zone Ltd said its normalized net income for the fiscal second quarter ended Sept. 30 came to 4.14 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 4.60 rupees per share.
EPS climbed 17.5% year over year from 3.53 rupees.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 8.58 billion rupees, an increase of 17.3% from 7.31 billion rupees in the prior-year period.
The normalized profit margin declined to 31.7% from 33.5% in the year-earlier period.
Total revenue grew 24.0% on an annual basis to 27.06 billion rupees from 21.83 billion rupees, and total operating expenses grew 13.8% on an annual basis to 11.43 billion rupees from 10.04 billion rupees.
Reported net income declined 9.1% on an annual basis to 9.92 billion rupees, or 4.79 rupees per share, from 10.91 billion rupees, or 5.26 rupees per share.
As of Nov. 13, US$1 was equivalent to 65.46 Indian rupees.