During 2012-13, profit of Adani Ports and Special Economic Zone rose 44 percent to Rs 1,608 crore from Rs 1,117 crore in the previous year.
The sharp rise in profit is attributed to the 29 percent rise in coal handling by the port, the company said in a press release.
The country's largest private port operator, which operates two ports at Mundra and Dahej, both in Gujarat, witnessed 40 percent rise in revenue to Rs 3,841 crore from Rs 2,749 crore.
The firm handled 90.71 million tonne of cargo (mn t) in the year. Of this, Mundra port handled 82.13 mn t of cargo, including 1.74 million standard containers. Mundra is now India’s second biggest port in overall cargo as well as in containers.
The company’s board of directors has recommended a dividend of Rs.1 per share for the year.