Adani Ports’ net up 58% at Rs 663 cr in Q1

Virendra Pandit | | Updated on: Mar 13, 2018

BL02_ADANINEW

Adani Ports and SEZ Ltd on Thursday reported a 58% increase in net profit and 122% in income on standalone basis in the first quarter of 2013-14, ended June 30, as compared to the corresponding period last fiscal.

While the profit after tax (PAT) was Rs 663 crore (Rs 418 crore), income stood at Rs 1,804 crore (Rs 811 crore), according to a company statement here.

On consolidated basis, the total income rose 73% to Rs 1,568 crore (Rs 904 crore) and PAT by 51% to Rs 418 crore (Rs 276 crore).

The consolidated cargo handled by the company stood at 26.67 million metric tons (MMT), an increase of 39% over the corresponding quarter last year.

Commenting on the results, Gautam Adani, Chairman, said Mundra Port has emerged as the largest port, outperforming all the commercial ports, in India.

B Ravi, Chief Financial Officer, said the company’s growth will get impetus from the newly-commercialized port at Hazira.

The company’s Dahej port handled 2.22 MMT of cargo in Q1FY14, a rise of 24% as compared to 1.79 MMT in the corresponding quarter previous year. The Hazira port handled 0.87 MMT in the quarter.

Published on August 01, 2013
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