Adani Ports and Special Economic Zone Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 1.55 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 2.21 rupees per share.
EPS increased year over year from 1.48 rupees.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 3.21 billion rupees, an increase from 3.06 billion rupees in the year-earlier period.
The normalized profit margin fell to 20.9% from 29.6% in the year-earlier period.
Total revenue climbed 48.3% year over year to 15.34 billion rupees from 10.34 billion rupees, and total operating expenses grew 51.2% on an annual basis to 8.29 billion rupees from 5.48 billion rupees.
Reported net income rose 13.7% year over year to 5.12 billion rupees, or 2.47 rupees per share, from 4.51 billion rupees, or 2.18 rupees per share.
As of Jan. 28, US$1 was equivalent to 61.32 Indian rupees.
