Adani Ports Q1: Net profit jumps 47.5%1 min read 07 Aug 2019, 06:02 PM IST
An increase in cargo carried and stable margins aided profit growth
Consolidated revenue rose 16% year-on-year to ₹2,794 crore
New Delhi: Adani Ports and SEZ (APSEZ), India’s largest private port developer, reported a 47.5% rise in net profit to ₹1028.67 crore in the June 2019 quarter, from ₹697.40 in the year-ago period, boosted by an increase in cargo carried and stable margins. Consolidated revenue rose 16% year-on-year to ₹2794 crore, while the company’s EBITDA rose similarly to ₹1843 crore.
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