Es­sar Ports Net Profit up 16% to 383.7 cr for FY 2013-14

Cargo Talk - - Contents -

Es­sar Ports, part of Es­sar, re­cently an­nounced its au­dited re­sults for the fi­nan­cial year 2013-13 and for quar­ter ended March 2014.

High­lights of Con­sol­i­dated Re­sults:

1. Net Profit for the year in­creased by 16% to ` 383.7 crore from ` 331.6 crore for the pre­vi­ous year. For Q4 FY14, the Net Profit re­duced by 1% to

` 90.8 crore from ` 92.1 crore in Q4 FY13. 2. Earn­ings Per Share for the year was ` 8.97 as against ` 7.80 for pre­vi­ous year. Earn­ings Per Share for Q4 FY14 was ` 2.12 as against ` 2.15 for Q4 FY13. 4. Rev­enue for the year (ex­clud­ing trade rev­enues to ful­fill ex­port obli­ga­tions) in­creased by 13% to

` 1637.4 crore from ` 1,448.6 crore for the pre­vi­ous year. For Q4 FY14, the Rev­enues in­creased by 5% to

` 415.5 crore from ` 396.7 crore in Q4 FY13. 5. EBITDA for the year in­creased by 14% to ` 1,327.1 crore from ` 1,167.9 crore for the pre­vi­ous year. For Q4 FY14, EBITDA in­creased by 7% to ` 3,29.6 crore from ` 307.4 crore in Q4 FY13. Speak­ing on the key high­lights for the quar­ter, Ra­jiv Agar­wal, Man­ag­ing Di­rec­tor, Es­sar Ports said, “With the start of op­er­a­tions in Vizag ter­mi­nal and pro­posed com­mis­sion­ing of Salaya ter­mi­nal, the rev­enue pro­file for Es­sar Ports is also set to di­ver­sify.”

Cargo han­dled:

52.24 mil­lion tonnes of cargo han­dled dur­ing FY14 as against 54.52 mil­lion tonnes of cargo han­dled dur­ing FY13

13.03 mn tonnes of cargo han­dled dur­ing Q4 FY14

Ra­jiv Agar­wal Man­ag­ing Di­rec­tor

Es­sar Ports

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