New Delhi : Adani Ports and Special Economic Zone Ltd (APSEZ) reported a 25% jump in its consolidated net for the fourth quarter ending March 31 to Rs 661 crore on higher income and enhanced cargo volumes.
APSEZ, India’s largest port developer and part of Adani Group had reported a net profit of Rs 530 crore in the corresponding quarter of 2013-14.
“Consolidated total income increased by 42 per cent to Rs 1,832 crore in Q4 FY15 from Rs 1,291 crore in the same quarter last year and consolidated EBIDTA increased by 49 per cent to Rs 1,247 crore against Rs 836 crore last year,” the company said in a statement.
The company said its consolidated PAT for the full fiscal year increased by 33 per cent to Rs 2,314 crore compared with Rs 1,740 crore last year.
Also its consolidated total income increased by 24 per cent to Rs 6,838 crore in FY15 compared with Rs 5,514 crore in the previous year and consolidated EBIDTA increased by 27 per cent to Rs 4,588 crore from Rs 3,604 crore last year. Adani Group Chairman Gautam Adani said: “We have created additional future pathways for growth for our APSEZ business and as the opportunities in Indian port sector rapidly multiply in the days to come we believe we are well positioned to capture the growth and capitalise on our model of integrated business.”
