New Delhi : Adani Ports & SEZ (APSEZ), the country’s largest port developer and part of Adani Group, today reported a consolidated net profit of Rs 529.80 crore for the quarter ended March 31, 2014. The company had reported a net profit of Rs 710.31 crore for the corresponding quarter of previous fiscal, APSEZ said.
“Results of the year or quarter are not comparable with the previous year/quarter … as previous year’s consolidated results included profit on sale of discontinued operations – Australia Abbot Point operation,” the company said.
The company’s overall expenses during the fourth quarter stood at Rs 588.29 crore as against Rs 508.02 crore in the corresponding period last year. Adani Ports Mundra handled 26.39 million tonne (MT) cargo with 15% growth in Q4 FY14 compared to growth of 1% at all major ports, the company claimed.