Adani Ports & SEZ Q1 Profit Rises 47% to Rs 3,107 Crore

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Adani Ports and Special Economic Zone Q1 results

Adani Ports and Special Economic Zone Q1 results

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 AprilJune quarter of the current financial year on account of higher income.

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.

(This story has not been edited by News18 staff and is published from a syndicated news agency feed – PTI)

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