Adani Ports Q3 net rises 42%

NEW DELHI:

India’s largest port developer and logistics arm of the Adani Group, APSEZ, on Wednesday reported a 41.75 per cent surge in its consolidated net profit to Rs 1,418.93 crore for the quarter ended December 31, 2018.

Adani Ports and Special Economic Zone Limited (APSEZ) had clocked a consolidated net profit of Rs 1,001 crore for the third quarter. The total income of the company grew to Rs 3,168.88 crore during the quarter as against Rs 2,924.85 crore a year-ago. Its consolidated total expenses increased to Rs 1,347.97 crore in the quarter as against Rs 1,330.86 crore in the year-ago period.