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Adani Ports and SEZ Ltd (APSEZL), the port developing and logistics arm of Adani Group, on Wednesday reported a 19% increase in consolidated revenue and 35% increase in consolidated profit after tax (PAT) in 2016-17, ended March 31, 2017, as compared to the corresponding period last fiscal.
While the company’s consolidated revenue from operations on Year-on-Year (Y-o-Y) basis in FY17 up was Rs 8,439 crore (Rs 7,109 crore), consolidated PAT stood at Rs 3,920 crore (Rs 2,914 crore), according to a press release here.
Consolidated cargo volumes increased by 11 per cent to 169 million tonnes (152 mt) while container volumes crossed the four million TEUs for the first time and increased by 27 per cent to 4.24 million TEUs.
In the fourth quarter of FY17, consolidated revenue from operations increased by 18 per cent to Rs 2,231 crore (Rs 1,899 crore) while PAT increased by 27 per cent to Rs 1,179 croe (Rs 928 crore), Karan Adani, Chief Executive Officer and Whole Time Director, said.
The company also recommended the highest-ever dividend of 65 per cent to its shareholders, Rs 1.30 per equity share of Rs 2.
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