scorecardresearchAdani Ports Q1 net profit drops 17% to ₹1,091.56 cr
Mintgenie

Adani Ports Q1 net profit drops 17% to ₹1,091.56 cr

Team MintGenie
Updated: 08 Aug 2022, 04:11 PM IST
TL;DR.

Adani Ports had clocked a consolidated net profit of ₹1,312.9 crore in the corresponding period a year ago, according to a regulatory filing.

Cargo containers are unloaded from a ship at Haifa Port, which is to be sold to India's Adani Ports and local partner Gadot in Haifa, Israel July 24, 2022. REUTERS/Amir Cohen

Cargo containers are unloaded from a ship at Haifa Port, which is to be sold to India's Adani Ports and local partner Gadot in Haifa, Israel July 24, 2022. REUTERS/Amir Cohen

(PTI) Adani Ports and Special Economic Zone (APSEZ) on Monday reported a 16.86 per cent decline in consolidated net profit to ₹1,091.56 crore for the first quarter of the current financial year.

The country's largest integrated logistics player had clocked a consolidated net profit of ₹1,312.9 crore in the corresponding period a year ago, according to a regulatory filing.

Its total income during the June quarter rose to ₹5,099.25 crore, as against ₹5,073 crore in Q1 FY22.

The company's total expenses also increased to ₹4,174.24 crore from ₹3,660.28 crore earlier.

APSEZ is part of the globally diversified Adani Group. 

First Published: 08 Aug 2022, 04:11 PM IST

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