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Adani Port Profits Fall By More Than Five To Rs 1,033 Crore In The March Quarter -By ASC


Port Adani’s (APSEZ) quarterly profit fell 22 pc to Rs 1,033 crore

New Delhi:

Adani Ports and Special Economic Zone Limited (APSEZ) has reported a 21.78 per cent decline in consolidated net profit to Rs 1,033 crore for the fourth quarter ended March 2022.

According to BSE filings late Tuesday, the country’s largest integrated logistics player had recorded a consolidated net profit of Rs 1,321 crore in the previous fiscal same period.

The company’s total consolidated income increased to Rs 4,417.87 crore for the last fiscal fourth quarter compared to Rs 4,072.42 crore in the same period last year.

Total expenditure also increased to Rs 3,309.18 crore in the last quarter under review compared to Rs 2,526.91 crore in the same period.

APSEZ Chief Executive Officer and All -Time Director Karan Adani said FY22 was an outstanding year for APSEZ, achieving various milestones for itself and a new benchmark for the Indian maritime industry.

According to a company statement, it recorded a cargo volume of 312 MMT, with Mundra port alone handling 150 MMT, an achievement never achieved by any other commercial port.

Agrasmartcity

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