Home >Companies >People >APSEZ Q1 profit up 13% at `641 crore

Bengaluru: Adani Ports and Special Economic Zone Ltd (APSEZ), India’s biggest port operating firm, posted a 13% increase in net profit in the June quarter at 641 crore from 568 crore a year ago.

The consolidated income of the firm owned by billionaire Gautam Adani rose 32% to 1,897 crore from 1,433 crore a year earlier, the firm said in a statement.

The cargo handled by the firm rose 17% to 40 million tonnes (mt) from 34 mt a year ago.

Mundra port, the flagship of the firm and India’s biggest commercial port, loaded 748,000 containers during the quarter from 681,000 a year earlier, clocking a growth of 10%.

APSEZ runs port facilities at Mundra, Hazira, Dahej, Mormugao, Kandla, Vizag and Dhamra. New facilities are being constructed at Ennore and Vizhinjam.

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