Adani Ports Q1 Profit Jumps 47% to Rs 3,107 Crore
Aug 01, 2024 14:08
Adani Ports & SEZ Ltd. (APSEZ) reported a 47% rise in its consolidated net profit to Rs 3,107 crore in the April-June quarter, driven by higher income.
Photograph: ANI Photo
New Delhi, Aug 1 (PTI) Adani Ports and Special Economic Zone Ltd (APSEZ) on Thursday posted a 47 per cent rise in its consolidated net profit to Rs 3,107 crore in the April-June quarter of the current financial year on account of higher income.
It had reported a net profit of Rs 2,119 crore in the April-June period of FY24, the company said in a filing.
Total income surged to Rs 8,054.18 crore in the quarter under review from Rs 6,631.23 crore in the year-ago quarter.
Expenses rose to Rs 4,238.94 crore in the period from Rs 4,065.24 crore a year ago.
APSEZ Whole-time Director & CEO Ashwani Gupta said, "FY25 has begun on a strong note for us with a stellar performance on both financial and growth fronts."
"On the financial front, we posted all-time high earnings. But for the temporary disruption in Gangavaram Port, which is now fully restored, our Q1 cargo volume would have been at 114.7 MMT, a 13 per cent increase.," he added.
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