Adani Ports Q4 profit zooms 288% to Rs 1,321 cr

New Delhi, May 4

Adani Ports and Special Economic Zone Ltd on Tuesday reported a 288% jump in consolidated net profit to Rs 1,321 crore for the fourth quarter ended March 31, 2021.

The country’s largest integrated logistics player had clocked a consolidated net profit of Rs 340.21 crore in the corresponding period previous fiscal, it said.

Consolidated total income increased to Rs 4,072.42 crore for the fourth quarter as against Rs 3,360.17 crore in the year-ago period.

Total expenses declined to Rs 2,526.91 crore against Rs 3,099.18 crore.

The company’s March-quarter consolidated revenue from operations rose almost 24% to Rs 3,608 crore as against Rs 2,921 crore a year ago. — PTI