NEW DELHI: Adani Ports and Special Economic Zone Ltd (APSEZ) today reported a 25 per cent 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 quar ter 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 R s 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.”
The results include the result of The Dhamra Port Company Limited, which APSEZ acquired on June 23, 2014.
Consolid ated cargo across all ports handled by the company was 144 million tonnes (MT) in FY15, an increase of 28 per cent over the previous year.
The company said Adani ports at Mundra handled 111 MT cargo in FY15 thereby continuing its leadership as the largest commercial port business in India.
The Mundra port registered a 10 per cent growth in FY15 compared with 5 per cent aggregate cargo growth at all major ports.
