Adani Ports and Special Economic Zone Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2016, came to 2.98 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 4.27 rupees per share.
EPS rose 38.2% year over year from 2.15 rupees.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 6.17 billion rupees, a gain of 38.2% from 4.47 billion rupees in the year-earlier period.
The normalized profit margin climbed to 27.6% from 26.0% in the year-earlier period.
Total revenue rose 30.1% on an annual basis to 22.36 billion rupees from 17.18 billion rupees, and total operating expenses grew 17.6% from the prior-year period to 10.89 billion rupees from 9.26 billion rupees.
Reported net income rose 31.8% on an annual basis to 8.50 billion rupees, or 4.10 rupees per share, from 6.45 billion rupees, or 3.11 rupees per share.
As of Feb. 14, US$1 was equivalent to 66.85 Indian rupees.