Adani Ports and Special Economic Zone Ltd (APSEZ), an Adani Group company, reported a 68 per cent jump in consolidated net profit at ₹574 crore for the second quarter ended September 30 against ₹342 crore a year ago.
Consolidated total income stood at ₹1,865 crore for the quarter, up from ₹1,407 crore in the corresponding quarter last year, the company said in a statement on Monday.
For the first half of the fiscal, APSEZ’s consolidated net profit rose 50 per cent to ₹1,142 crore, from ₹759 crore in the year-earlier period. The total income for the period stood at ₹3,296 crore, up 11 per cent from ₹2,975 crore. “We had a robust quarter with growth on our major cargo categories and we continue to maintain our volume at high level performance in our port business. Our focus is on leveraging the benefits through our pan-India presence and integrated logistics business,” said Sudipta Bhattacharya, Chief Executive of APSEZ.
The company handled consolidated 35.18 million tonnes (mt) of cargo during the September quarter, up 25 per cent over the last corresponding quarter.
For the first half period, it stood at 69.01 mt, up 26 per cent. On Monday, the company’s scrip closed 0.53 per cent down at ₹291.15 on BSE.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.