Adani Ports Sees Profit Surge in June Quarter
Adani Ports and Special Economic Zone Ltd reported a 6.54% increase in its consolidated net profit for the June quarter, totaling Rs 3,310.60 crore. The rise is attributed to increased income, although expenses also grew during the same period.
- Country:
- India
Adani Ports and Special Economic Zone Ltd (APSEZ) announced a significant fiscal boost with its consolidated net profit rising by 6.54% to Rs 3,310.60 crore for the June quarter.
According to a regulatory filing, the maritime giant's profit increase largely stemmed from higher income, as total earnings climbed to Rs 9,422.18 crore, compared to Rs 8,054.18 crore in the corresponding quarter of the previous year.
The company's expenses also saw an upward trend, escalating to Rs 5,731.88 crore from Rs 4,238.94 crore within the same timeframe.
(With inputs from agencies.)
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