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APSEZ consolidated net profit declines 22% to Rs 1,033 crore in Q4

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

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Adani Ports and Special Economic Zone APSEZ | logistics | Companies

Press Trust of India  |  New Delhi 



Adani group, adani enterprises

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 player had clocked a consolidated net profit of Rs 1,321 crore in the corresponding period of the previous fiscal, according to a 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.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


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First Published: Wed, May 25 2022. 23:45 IST

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