ALSO READRise in container volume pushes Adani Ports' Q4 net up by 29% Fitch rates Adani Ports' proposed USD notes as BBB-(EXP) Adani-owned Dhamra port to start container operations in three months Adani Ports Q4 net profit up 27% to Rs 1,179 crore Adani, Essar, DP World in fray for Rs 2,110-cr riverine port in Odisha
Adani Ports and Special Economic Zone Limited (APSEZ), the logistics arm of Adani Group, on Monday reported a 7.88 per cent decline in consolidated net profit to Rs 992.37 crore for the second quarter ended September 30.
Its total income rose to Rs 2,962.12 crore during the quarter under review as against Rs 2,410.03 crore in the corresponding period a year ago.
The total expenses of the company increased to Rs 1,584.19 crore in the July-September quarter as against Rs 1,251.98 crore in the year-ago period.
The Adani Group is one of India's leading business houses with revenue of over $12 billion.
Adani owns and operates nine ports and terminals in India. These are at Mundra, Dahej, Kandla and Hazira in Gujarat, Dhamra in Odisha, Mormugao in Goa, Visakhapatnam in Andhra Pradesh and Kattupalli and Ennore in Chennai.