Adani Ports and Special Economic Zone Limited (APSEZ), India's largest port developer and the logistics arm of Adani Group, announced second quarter ended 30th September, 2017 and profit beats estimates. Adani Port and Special Economic Zone has registered 25% growth in consolidated sales for the quarter ended September 2017 to Rs 2706.11 crore. But its PAT was down by 7% to Rs 997.04 crore. Fall at PAT despite higher sales is largely due to 490 bps contraction in operating profit margin to 66% that has restricted the operating profit growth at 16% to Rs 1784.77 crore and higher tax incidence. But for higher other income, lower interest and depreciation cost as...