Adani Ports and Special Economic Zone Limited, part of Adani Group, posted a 16% y-o-y increase in the company’s consolidated net profit to Rs 667 crore for the quarter ended September 30, 2015.
The consolidated total income increased by 6% y-o-y to Rs 1,986 crore during the quarter. Consolidated cargo across all ports handled by the company was 76 MMT in the first half of FY16, posting an increase of 10% y-o-y.
Consolidated cargo handled by the company stood at 36 MMT in Q2FY16, an increase of 4%, over the corresponding period last year. The Mundra port handled 0.73 million TEUs of containers in the second quarter, with a 9% y-o-y growth.
The twin ports of Hazira and Dahej handled cargo of 9.88 MMT in first half of FY16 showing a growth of 8% y-o-y. Gautam Adani, chairman, Adani Group said, “Our strategic intent is to continue to develop the port infrastructure along the Indian coastline and thereby benefit from the synergies this network brings to APSEZ.”