Adani Port’s Net Profit increases by 33 Percent in 2014-15

Indian port developer, Adani Ports and Special Economic Zone Ltd (APSEZ) on Friday said its net profit in fiscal 2014-2015 rose by 33 percent at Rs.2,314.33 crore against Rs.1,739.64 crore during 2013-14. The total consolidated income of the company surged by 27.38 percent at Rs.6,151.98 crore during the period under review against Rs.4,829.61 crore during 2013-14.

The company reported to have handled a total cargo volume of 144 million tonnes (mt) during 2014-15 which is an increase of 27 percent from what it handled during 2013-14. Alongwith the increase in comapny’s profitability and income, its expenditure also surged by 23.49 percent at Rs.3,161.35 crore. During 2013-14, its expenditures were Rs.2,559.88 crore. During the period January-March this year, its profits went up by 25 percent at Rs. 661 crore against Rs. 530 crore in the year-ago period. (IANS)