NEW DELHI: Adani Ports and Special Economic Zone Ltd (APSEZ) today reported a 38 per cent jump in its consolidated net profit to Rs 914.06 core for the March quarter on account of rise in income.
The company had clocked a net profit of Rs 660.73 crore in the corresponding quarter of the 2014-15 fiscal. Total income from operations rose to Rs 1,947.20 crore during the January-March quarter as against Rs 1,681.19 crore during the corresponding period a year ago. The company’s total expenditure rose to Rs 977.88 crore during the quarter under review as against Rs 832.91 crore in the year-ago period of the previous fiscal, it said in a BSE filing.
For the entire year, APSEZ’s net profit rose by 24 per cent to Rs 2,867.36 crore as against Rs 2,314.33 crore in 2014-15. Its total income from operations from the year stood at Rs 7,255.73 crore as against Rs 6,151.98 crore in the previous fiscal. Adani Group Chairman Gautam Adani said, “Our strategy continues to bear fruit, with total operating income for the first time exceeding the USD 1 billion mark.”
