Adani Ports Q1 net profit up 13 per cent at Rs 641 crores

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New Delhi | Updated: August 10, 2015 4:50:35 PM

Adani Ports' net profit jumped 12.83 per cent year-on-year to Rs 640.88 crore. APSEZ earned Rs 568 crore in the corresponding quarter a year ago.

adani portsAdani Ports Q1 results: The company’s consolidated total income including other income increased by 32% to Rs 1,897 crores in Q1FY16 as compared to Rs 1,433 crores in the corresponding quarter last year. (Reuters)

Adani Ports and Special Economic Zone on Monday announced its first quarterly results and said that its consolidated PAT in current quarter increased by 13% to Rs 641 crores, as compared to Rs 568 crores in the corresponding quarter last year.

The company’s consolidated total income including other income increased by 32% to Rs 1,897 crores in Q1FY16 as compared to Rs 1,433 crores in the corresponding quarter last year and consolidated EBIDTA increased by 31% to Rs 1,294 crores in the current quarter as compared to Rs 990 crores in corresponding quarter last year.

Shares of Adani Ports and Special Economic Zone (APSEZ) closed 0.44 per cent lower at Rs 338.20.

Commenting on the results, Gautam Adani, chairman, Adani Group in a release, said, “Our strong financial and operational results are a testimony of our continued focus on execution of our strategy”.

During April-June period, consolidated expenditure of the company jumped 40 per cent to Rs 863.99 crore against Rs 615.85 crore in the same quarter last year.

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