APSEZ quarterly profit falls 22 pc to Rs 1,033 crore
- Country:
- India
New Delhi, May 25 (PTI) Adani Ports and Special Economic Zone Limited (APSEZ)has reported a 21.78 per cent decline in consolidated net profit to Rs 1,033 crore for the fourth quarter ended March 2022.
The country's largest integrated logistics player had clocked a consolidated net profit of Rs 1,321 crore in the corresponding period of the previous fiscal, according to a BSE filing late Tuesda.
Consolidated total income of the company increased to Rs 4,417.87 crore for the fourth quarter of the last fiscal as against Rs 4,072.42 crore in the year-ago period.
Total expenses also rose to Rs 3,309.18 crore in the latest quarter under review as against Rs 2,526.91 crore in the same period a year ago.
Chief Executive Officer and Whole Time Director of APSEZ Karan Adani said, FY22 has been a stellar year for APSEZ, with achievement of various milestones for itself and new benchmarks for India's maritime industry.
According to a company statement , it did a record cargo volume of 312 MMT with Mundra port alone handling 150 MMT, a feat never achieved by any other commercial port in the country.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
ALSO READ
Nearly 66K Indians took oath of American citizenship in 2022: CRS report
India's 17-year-old Grandmaster D Gukesh wins Candidates Chess Tournament, becomes youngest challenger for world championship title.
Indian-American physician leads 'Project Asha' for oncology clinical trials in India
India's 17-year-old Grandmaster D Gukesh wins Candidates Chess Tournament, becomes youngest challenger for world championship title.
Nearly 66K Indians officially became American citizens in 2022: CRS report