Adani Ports and Special Economic Zone (APSEZ) has reported a healthy 25.82 per cent jump in consolidated net profit to Rs 849.75 crore for the quarter ended December 2016, on the back of increased income. APSEZ is the country’s largest port developer and the logistics arm of Adani Group. The company had clocked a net profit of Rs 675 crore in the corresponding quarter of 2015-16.
Consolidated operating income registered a growth of 32 per cent to Rs 2,236 crore during the quarter, up from Rs 1,696 crore in the corresponding quarter of the previous fiscal.
Consolidated EBITDA increased by 30 per cent from Rs 1,056 crore in Q3 FY16 to Rs 1,371 crore in Q3 FY17.
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