Adani Ports Q1 profit falls 9% to Rs 697 cr
It recorded a net profit of Rs 767.52 crore in the April-June quarter last fiscal the company said in a BSE filing.
The total income of the port developer fell 8.6 per cent to Rs 2 703.86 crore in the first quarter of the current fiscal from Rs 2 959.63 crore in the corresponding quarter last year.
The company in a separate statement said there was no SEZ port led development income in the reported quarter compared with Rs 661 crore revenue earned in the previous year s corresponding quarter.
It also said that the company handled a record throughput as cargo volume grew by 9 per cent. Besides Adani Ports has completed acquisition of Kattupalli port in Chennai in the June quarter.
--IANS mgu/tsb/bg