Ennore port H1 profit jumps 63%

In the first half of the current financial year, Ennore port’s financial performance improved thanks to coal, car and foreign exchange fluctuations.

The port, India’s only corporatised major port reported a 63 per cent increase in net profit to Rs 147 crore in the half-year ended September 30 against Rs 90 crore in the same period last year.

The port’s revenue increased by 58 per cent to Rs 228 crore (Rs 144 crore). In the last financial year, the port handled 17.89 million tonne (mt) of cargo while in the first half of this year it had already handled 12.7 mt against 8 mt in the same period last year – a 58 per cent growth.