Mundra Port and Special Economic Zone has announced its first quarter financial results for the fiscal year 2010-11.

According to the report, it has registered a significant rise in the net profit figure.

Mundra Port and Special Economic Zone has posted a net profit of Rs 211.30 crore for the quarter that ended in 30th June, 2010 which is almost 23.71% of the net profit figure of the similar quarter in the last fiscal. Mundra Port and Special Economic Zone is promoted by Adani Group.

The company had registered a net profit of Rs 170.75 crore in the similar quarter in the preceding year. Mundra Port and Special Economic Zone (MPSEZ) has informed this in a filing at the Bombay Stock Exchange.

The total income of the company has gone to Rs 416.42 crore during the April-June quarter of fiscal year 2010-11.

It was reported to be Rs 321.35 crore for the same quarter in the previous year. There has been a significant growth in the total income of the company in the current fiscal.