Adani Ports' Q4 Profit Surges 77% to Rs. 2,014.77 Crore

Adani Ports' net profit surged 77% to Rs 2,014.77 crore in Q4 FY24, driven by increased total income. Consolidated total income rose to Rs 7,199.94 crore, while total expenses grew to Rs 4,450.52 crore. This marks a strong financial performance for the leading logistics player.

Adani Ports and Special Economic Zone Limited (APSEZ) on Thursday reported a 76.87 per cent jump in consolidated net profit to Rs 2,014.77 crore for the fourth quarter ended March 2024.

The country's largest integrated logistics player had clocked a profit of Rs 1,139.07 crore in the corresponding period of the previous fiscal, the company said in a BSE filing. Its consolidated total income increased to Rs 7,199.94 crore for the fourth quarter of the FY24 against Rs 6,178.35 crore in the year-ago period.

The total expense also rose to Rs 4,450.52 crore in the quarter under review from Rs 3,995 crore a year ago.