Adani Ports Q1 Profit

Adani Ports and Special Economic Zone Ltd (APSEZ) on Thursday posted a 47 per cent rise in its consolidated net profit to Rs 3,107 crore in the April-June quarter of the current financial year on account of higher income.

Adani Ports and SEZ shares jumped over 8 per cent on Wednesday, a day after the port operator reported a 31 per cent jump in its June quarter profit. Adani Ports - India's largest port developer - was the top Nifty50 gainer in morning trade.

Idea Cellular, which missed Q1 earnings estimate on Monday, is likely to come under pressure. Nifty companies like Lupin and Adani Ports will report their earnings for the April-June quarter today.

Adani Ports and Special Economic Zone Limited (APSEZ), India's largest port developer, on Monday reported a 12.85 per cent increase in consolidated net profit at Rs 641 crore for the quarter ended June 2015, on the back of higher income.

The Adani group company had reported a net profit of Rs 276.26 crore during the corresponding quarter of the previous fiscal.

Adani Ports and Special Economic Zone Ltd (APSEZ) on Thursday posted a 47 per cent rise in its consolidated net profit to Rs 3,107 crore in the April-June quarter of the current financial year on account of higher income.

Adani Ports and SEZ shares jumped over 8 per cent on Wednesday, a day after the port operator reported a 31 per cent jump in its June quarter profit. Adani Ports - India's largest port developer - was the top Nifty50 gainer in morning trade.

Idea Cellular, which missed Q1 earnings estimate on Monday, is likely to come under pressure. Nifty companies like Lupin and Adani Ports will report their earnings for the April-June quarter today.

Adani Ports and Special Economic Zone Limited (APSEZ), India's largest port developer, on Monday reported a 12.85 per cent increase in consolidated net profit at Rs 641 crore for the quarter ended June 2015, on the back of higher income.

The Adani group company had reported a net profit of Rs 276.26 crore during the corresponding quarter of the previous fiscal.