Adani Ports and Special Economic Zone Limited reported unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, on consolidated basis, the company reported revenue from operations of INR 26,888.5 million, total income of INR 29,248.5 million, profit before share of profit from joint venture and tax of INR 14,388.1 million, profit for the period attributable to equity holders of the parent of INR 9,940.7 million or INR 4.80 per basic and diluted share compared to the revenue from operations of INR 22,086.7 million, total income of INR 24,295.7 million, profit before share of profit from joint venture and tax of INR 9,689.0 million, profit for the period attributable to equity holders of the parent of INR 8,474.6 million or INR 4.09 per basic and diluted share for the same quarter a year ago. Consolidated operating EBITDA increased by 46% to INR 19,670 million in third quarter of fiscal year 2018 from INR 13,440 million in third quarter of fiscal year 2017. Profit before share of profit from joint ventures, exceptional items and tax was INR 15,939.9 million against INR 9,689.0 million a year ago.

For the year to date, on consolidated basis, the company reported revenue from operations of INR 81,401.0 million, total income of INR 88,466 million, profit before share of profit from joint venture and tax of INR 39,089.4 million, profit for the period attributable to equity holders of the parent of INR 27,468.5 million or INR 13.26 per basic and diluted share compared to the revenue from operations of INR 62,078.9 million, total income of INR 69,247.4 million, profit before share of profit from joint venture and tax of INR 30,056.9 million, profit for the period attributable to equity holders of the parent of INR 27,446.1 million or INR 13.25 per basic and diluted share for the same period a year ago. Consolidated operating EBITDA increased by 32% to INR 53,510 million in nine months of fiscal year 2018 from INR 40,550 million in nine months of fiscal year 2017. Profit before share of profit from joint ventures, exceptional items and tax was INR 40,641.2 million against INR 30,056.9 million a year ago.

For the quarter, on standalone basis, the company reported revenue from operations of INR 14,172.8 million, total income of INR 18,248.7 million, profit before exceptional items and tax was INR 12,398.7 million, profit before tax of INR 9,424.9 million and profit for the year of INR 5,259.9 million or INR 2.54 per basic and diluted share compared to the revenue from operations of INR 12,973.8 million, total income of INR 16,078.6 million, profit before exceptional items and tax was INR 8,086.8 million, profit before tax of INR 8,086.8 million and profit for the year of INR 7,436.1 million or INR 3.59 per basic and diluted share for the same quarter a year ago.

For the year to date, on standalone basis, the company reported revenue from operations of INR 45,894.7 million, total income of INR 57,184.3 million, profit before tax of INR 28,131.1 million, profit for the year of INR 17,075.1 million or INR 8.25 per basic and diluted share compared to the revenue from operations of INR 36,440.1 million, total income of INR 45,328 million, profit before tax of INR 23,636.2 million, profit for the year of INR 22,631.2 million or INR 10.93 per basic and diluted share for the same quarter a year ago. Profit before exceptional items and tax was INR 31,104.9 million against INR 23,636.2 million a year ago.

CapEx for 2018 will be in the range of INR 25,000 million to INR 28,000 million. In 2018, on a conservative basis, it will be generating a free cash flow of INR 12,000 million to INR 15,000 million. The company is progressing towards achieving an operating income of INR 100,000 million in 2018 which will be another milestone in the history of the company.