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Adani Ports reports 39% fall in Q2 consolidated net profit

Adani Ports and Special Economic Zone has reported results for second quarter ended September 30, 2018.

The company has reported a marginal rise of 0.84% in its net profit at Rs 687.56 crore for the quarter under review as compared to Rs 681.85 crore for the same quarter in the previous year. Total income of the company increased by 7.79% at Rs 2,055.72 crore for Q2FY19 as compared Rs 1,907.24 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 38.97% in its net profit at Rs 605.50 crore for the quarter under review as compared to Rs 992.08 crore for the same quarter in the previous year. Total income of the company decreased marginally by 1.34% at Rs 2,922.32 crore for Q2FY19 as compared Rs 2,962.12 crore for the corresponding quarter previous year.

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