Adani Ports and SEZ Ltd (APSEZL) on Wednesday said its total income rose 51% and net profit by 64% in the first quarter of 2012-13, ended June 30; as compared to the corresponding period last fiscal.
While the company’s income was Rs.811 crore (Rs.536 crore), the net profit was Rs.418 crore (Rs. 254 crore), according to a press release here.
The cargo handled by the company at Adani ports stood at 17.42 million tons (MT), an increase of 9% over the same period a year ago, making it the second largest commercial port in India. Commenting on the results, Mr. Gautam Adani, Chairman, said APSEZL is steadily marching towards becoming the largest commercial port in India.
Mr B Ravi, Chief Financial Officer, said the company retained a prominent position in the market.
The growth in cargo was 9% in Adani Ports while there was de-growth of 6% in all other major ports put together. The company also increased its market share to over 11%, up by 1%. The company also outperformed other container ports by registering a 25% growth compared to no-growth at other container terminals. Adani Ports' market share has risen to 18%, up by 3%.
On Wednesday, the company’s share price at the BSE closed 1.04% up at Rs 121.20.