Essar Ports - Q4FY13 Result Update - Microsec

Essar Ports Ltd announced its Q4 FY13 results on 18th April 2013.

Essar Port has posted a consolidated net profit of Rs 92.07 Crore for the 4th quarter ended March 31, 2013 as compared to net loss of Rs 61.5 Crore for the quarter ended March 31, 2012. Total income has increased from Rs 288.31 Crore for the quarter ended March 31, 2012 to Rs 387 Crore for the quarter ended March 31, 2013, representing an increase of 34%

EBITDA Margin of the company decreased from 81.45% to 76.93%, registering a contraction of 4.52%.

The sharp turnaround to profit as compared to revenues and EBITDA has been because the company suffered an exceptional item of an interest liability in the fourth quarter of FY12.

Source : Equity Bulls

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