APSEZ net profit jumps 44%
Profit rises to `1,608 cr in the year ended March from `1,117 cr a year earlier as the firm handled 29% more cargo
Bangalore: Adani Ports and Special Economic Zone Ltd, India’s biggest private port operator, posted a 44% rise in profit to ₹ 1,608 crore in the year ended March from ₹ 1,117 crore a year earlier as the firm handled 29% more cargo in difficult market conditions.
The firm, which operates two ports at Mundra and Dahej, both in Gujarat, said in a statement on Wednesday that revenue rose 40% to ₹ 3,841 crore from ₹ 2,749 crore.
The firm handled 90.71 million tonnes of cargo (mt) in the year. Of this, Mundra port handled 82.13 mt of cargo, including 1.74 million standard containers. Mundra is now India’s second biggest port in overall cargo as well as in containers.
The company’s board of directors has recommended a dividend of ₹ 1 per share for the year.
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