National

Adani Ports Quarter 1 Net Profit Grows Over 80% To Rs 2,119.38 Crore


New Delhi:

Adani Ports and Special Economic Zone Limited (APSEZ) on Tuesday posted over 80 per cent rise in its consolidated net profit at Rs 2,119.38 crore during the April-June quarter, on account of higher income.

It had clocked Rs 1,177.46 crore net profit during the April-June period of the preceding 2022-23 fiscal, the company said in a regulatory filing.

The company’s total income surged to Rs 6,631.23 crore from Rs 5,526.19 crore in the year-ago quarter.

Expenses trimmed to Rs 4,065.24 crore from Rs 4,438.32 crore.

APSEZ is the largest commercial ports operator in India accounting for nearly one-fourth of the cargo movement in the country. It is present across 13 domestic ports in seven maritime states of Gujarat, Maharashtra, Goa, Kerala, Andhra Pradesh, Tamil Nadu and Odisha.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)

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