Adani Ports Q4 results: Profit falls 22% to Rs 1,033 cr

The company had clocked a consolidated net profit of Rs 1,321 crore in the corresponding period of the previous fiscal

AgenciesUpdated: Wednesday, May 25, 2022, 10:12 AM IST
article-image
Adani Ports consolidated total income increased to Rs 4,417.87 crore for the fourth quarter of the last fiscal as against Rs 4,072.42 crore in the year-ago period. /Logo |

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.

The country's largest integrated logistics player had clocked a consolidated net profit of Rs 1,321 crore in the corresponding period of the previous fiscal, according to a BSE filing late Tuesday.

Consolidated total income of the company increased to Rs 4,417.87 crore for the fourth quarter of the last fiscal as against Rs 4,072.42 crore in the year-ago period.

Total expenses also rose to Rs 3,309.18 crore in the latest quarter under review as against Rs 2,526.91 crore in the same period a year ago.

Chief Executive Officer and Whole Time Director of APSEZ Karan Adani said, FY22 has been a stellar year for APSEZ, with achievement of various milestones for itself and new benchmarks for India's maritime industry.

According to a company statement , it did a record cargo volume of 312 MMT with Mundra port alone handling 150 MMT, a feat never achieved by any other commercial port in the country.

(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

Delhi: 62-year-old priest beaten to death; accused in custody

Delhi: 62-year-old priest beaten to death; accused in custody

China responds to raids on Vivo, says 'India's frequent investigations disrupts business & damages...

China responds to raids on Vivo, says 'India's frequent investigations disrupts business & damages...

Kerala: Malayalam actor Sreejith Ravi arrested under POCSO Act for indecent exposure

Kerala: Malayalam actor Sreejith Ravi arrested under POCSO Act for indecent exposure

Thane: CM Shinde orders officials to speed up work on district super specialty hospital

Thane: CM Shinde orders officials to speed up work on district super specialty hospital

Thane: 47-year-old man found dead inside his room

Thane: 47-year-old man found dead inside his room