Private sector ports operator Adani Ports and Special Economic Zone Ltd (APSEZ) has registered a 43 per cent jump in consolidated net profit for the fourth quarter ended March. The company posted a consolidated net profit of ₹530 crore for the quarter on consolidated total income of ₹1,289 crore for the quarter.
The company had posted a consolidated net profit of ₹370 crore on total income of ₹1,082 crore in the corresponding quarter of the previous year.
Annually, APSEZ’s consolidated net profit for the current year increased by 13 per cent to ₹1,740 crore as compared to ₹1,538 crore in the last year, with a 43 per cent increase in total income for the year to ₹5,508 crore as against ₹3,841 crore last year. The company had witnessed improved margins during the year.
The consolidated EBIDTA for the year increased by 36 per cent to ₹3,604 crore compared to ₹2,640 crore in the last year. On the operations front, APSEZ said the company registered consolidated cargo handling of 112.75 million tonnes during the year, showing an increase of 24 per cent.
In a statement on Thursday, Gautam Adani, Chairman, Adani Ports & SEZ Ltd said, “It has been a proud year for us as Mundra Port is the first Indian commercial port to cross the 100-million-tonne mark. We expect to continue our leadership in the sector and contribute towards nation-building.”