Adani Ports fourth quarter revenue surges 288% to Rs 1,321 crore


Adani Ports and Particular Financial Zone Restricted (APSEZ) on Tuesday reported a 288 per cent soar in consolidated internet revenue to Rs 1,321crore for the fourth quarter ended March 31, 2021.

The nation’s largest built-in logistics participant had clocked a consolidated internet revenue of Rs 340.21 crore within the corresponding interval of the earlier fiscal, it mentioned in a BSE submitting.

Consolidated complete earnings elevated to Rs 4,072.42 crore for the fourth quarter as in opposition to Rs 3,360.17 crore within the year-ago interval.

Complete bills declined to Rs 2,526.91 crore in opposition to Rs 3,099.18 crore.

“FY21 has been a transformational yr for APSEZ. A few of the key choices we took this yr have set the inspiration for the approaching decade. Our buyer centric method has yielded good consequence for us as our market share elevated by 4 per cent on a pan-India foundation,” mentioned Karan Adani, chief govt officer and entire time director of APSEZ.

Mundra port, which is the most important industrial port within the nation, this yr additionally grew to become India’s largest container port, surpassing JNPT by a giant leap, he added.

“APSEZ is properly on its course to develop into a really built-in transport and logistics utility and obtain 500 MMT of cargo throughput and ROCE (return on capital employed) to be in extra of 20 per cent byFY25,” he mentioned.

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