Adani Ports Profit Falls Over Five To Rs 1,033 Crore In March Quarter | Whuff News

Adani Ports (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 percent decline in consolidated net profit to Rs 1,033 crore for the fourth quarter ended March 2022.

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

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

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

APSEZ Chief Executive Officer and Whole Time Director Karan Adani said FY22 was an outstanding year for APSEZ, achieving multiple milestones for itself and new benchmarks 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, a feat never achieved by any other commercial port.

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