Adani Ports Quarter 1 Net Profit Grows Over 80% To ₹ 2,119.38 Crore

New Delhi: Adani Ports and Special Economic Zone Limited (APSEZ) on Tuesday posted an over 80 percent rise in its consolidated net profit at ₹ 2,119.38 crore during the April-June quarter, on account of higher income.

It had clocked ₹ 1,177.46 crore net profit during the April-June period of the preceding 2022-23 fiscal, the company said in a regulatory filing.

The company’s total income surged to ₹ 6,631.23 crore from ₹ 5,526.19 crore in the year-ago quarter.

Expenses were trimmed to ₹ 4,065.24 crore from ₹ 4,438.32 crore.

APSEZ is the largest commercial ports operator in India accounting for nearly one-fourth of the cargo movement in the country. It is present across 13 domestic ports in seven maritime states of Gujarat, Maharashtra, Goa, Kerala, Andhra Pradesh, Tamil Nadu, and Odisha.

(This story has been published from a syndicated feed.)

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