Adani Ports and Special Economic Zone Ltd. said its board recommended a final dividend of 50 percent or Re.1.00 per equity share of Rs.2 each for the fiscal year 2013.
The company reported fourth-quarter stand-alone net profit of Rs.490.77 crore, compared with Rs.338.88 crore for the quarter ended March 31, 2012, reflecting a 45 percent growth. Total income increased by 58 percent to Rs.1,031.16 crore from the Rs.651.94 crore in the corresponding quarter of the preceding year.
For the fiscal year, its stand-alone net profit rose by 49 percent to Rs.1,754.18 crore from the Rs.1,177.26 crore in 2012. Total income stood at Rs.3,564.29 crore, higher by 41 percent than the Rs.2,522.15 crore a year-ago.
Consolidated Results
On a consolidated basis, the company's fourth-quarter net profit, after minority interest, nearly trebled to Rs.710.31 crore, up by percent from the Rs.239.46 crore in Q4FY12. Total income rose by 54 percent to Rs.1,081.69 crore from the Rs.703.75 crore in the year-ago quarter.
For the fiscal year, its consolidated net profit, after minority interest, grew by 47 percent to Rs.1,623.22 crore from the Rs.1,102.07 crore in FY12. Total income stood at Rs.3,841.07 crore, compared with Rs.2,748.76 crore a year-ago, an increase of 40 percent.
At the BSE, Adani Ports and Special Economic Zone closed Wednesday's trading at Rs.152.25, up 1.53 percent from the previous close.
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