NEW DELHI: Adani Ports and Special Economic Zone Ltd (APSEZ) today reported 16 per cent increase in its consolidated net profit to Rs 667 crore for the September quarter on increased income from operations.
“Consolidated PAT for Q2FY16 increased by 16 per cent to Rs 667 crores as against Rs 574 crores in Q2 FY15,” APSEZ, country’s largest port developer and part of Adani Group said.
It had reported net profit of Rs 573.52 crore for the second quarter, July-September, of the 2014-15 fiscal.
“Consolidated total income increased by 6 per cent to Rs 1,986 crores in Q2 FY16 as compared to Rs 1,868 crore in the corresponding period last year and consolidated EBIDTA increased by 7 per cent to Rs 1,349 crore in the current quarter as compared to Rs 1,261 crores in corresponding period last year,” the company said.
Its total expenses during the quarter under review rose to Rs 912.84 crore from Rs 840.11 crore in a year-ago period.
Adani Group chairman Gautam Adani said: “Our strategic intent is to continue to develop the port infrastructure along the Indian coastline and thereby benefit from the synergies this network brings to APSEZ.
