Adani Ports Q2 consolidated net dips 8% to ~992 cr
Adani Ports and Special Economic Zone (APSEZ) on Monday reported 7.88 per cent decline in consolidated net profit to ~992.37 crore for the second quarter ended September 30, due to higher tax incidence. The logistics arm of Adani Group had clocked a net profit of ~1,077.28 crore in the corresponding period of the last financial year, it said in a BSE filing. Consolidated profit after tax was ~992 crore. The profit after tax is lower due to higher tax incidence of ~381 crore in Q2 FY18 from ~82 crore in Q2 FY17, the company said.