NEW DELHI: Adani Ports and Special Economic Zone reported 13.66 percent jump in consolidated net profit to Rs 512 crore for third quarter ended December on the higher income.
APSEZ, the country’s largest port developer and part of Adani Group, had recorded net profit of Rs 450.51 crore in the October-December period of the previous fiscal.
“Consolidated total income increased by 38 per cent to Rs 1,701 crore in Q3 FY15 as compared to Rs 1,236 crore in the corresponding quarter last year and consolidated EBIDTA (operating profit) increased by 34 per cent to Rs 1,090 crore in the current quarter as compared to Rs 812 crore in corresponding quarter last year,” the company said in a statement.
The results include those of Dhamra Port Company Ltd, which APSEZ acquired on June 23, 2014.
Adani Group Chairman Gautam Adani said: “We are pleased that our performance across all ports continues to be robust therefore reflecting the strength of our Pan India strategy”.
APSEZ CEO Sudipta Bhattacharya said: “We have had another record quarter and nine months performance on all fronts of cargo, revenue and EBIDTA growth and we are further enhancing our focus on sales & operational excellence to maintain our growth momentum.”
APSEZ’s consolidated total income increased by 19 per cent to Rs 4,997 crores in nine months of FY’15 as compared to Rs 4,207 crore in the corresponding period last year.
