Adani Ports and Special Economic Zone Ltd.

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Adani Ports reports 80% rise in Q1 consolidated net profit

Date: 08-08-2023

Adani Ports and Special Economic Zone has reported results for first quarter ended June 30, 2023 (Q1FY24). 

The company has reported net profit of Rs 394.11 crore for the quarter under review as compared to net loss of Rs 384.50 crore for the same quarter in the previous year. Total income of the company increased by 1.34% at Rs 1,876.78 crore for Q1FY24 as compared Rs 1,851.99 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 80% rise in net profit at Rs 2,119.38 crore for the first quarter ended June 30, 2023 as compared to Rs 1,177.46 crore for the same quarter in the previous year. Total income of the company increased by 20% at Rs 6,631.23 crore for Q1FY24 as compared Rs 5,526.19 crore for the corresponding quarter previous year.