Adani Ports and Special Economic Zone Limited (APSEZ) on Tuesday announced standalone net profit of ₹566 crore for the quarter ended March 31, 2016, marginally up from ₹554.47 crore in the same period last year.
Total standalone income from operations stood at ₹945.67 crore against ₹960.28 crore in the corresponding quarter a year ago.
For the financial year ended March 31, 2016, APSEZ posted net profit of ₹2841.58 crore against ₹2183.14 crore previous year, showing growth of 30 per cent. Total standalone income for the fiscal 2015-16 stood at ₹4,630.75 crore (₹3,909.36 crore).
At the board meeting held on Tuesday, the company announced 38 per cent jump in the consolidated net profit for the March quarter at ₹914.06 crore against ₹660.73 crore in the corresponding quarter a year ago. Total consolidated income stood at ₹1,947.20 crore against ₹1,681.19 crore for the March quarter.
Consolidated net profit for the quarter ended March stood at ₹2,867.36 crore against ₹2314.33 crore showing a growth of 22 per cent on year-on-year basis. Consolidated total income stood at ₹7,255.73 crore against ₹6,151.98 crore last year.
“We will continue to look at improving our financial margins and operational efficiency, through a combination of enhanced use of technology, optimising our cargo mix and reducing our net finance cost. With our expansion in capacity, we are well-positioned to capitalise on the growth in domestic imports, exports and the increased need for logistics infrastructure in India,” said Karan Adani, CEO.
APSEZ shares closed marginally down at ₹232.70 on the NSE on Tuesday.