Adani Ports and SEZ (APSEZ) on Tuesday reported a 26% decline in its first quarter consolidated net profit to ₹758 crore from ₹1,029 crore in the year earlier period due to fall in topline and overall cargo volumes. Consolidated revenue declined 17% to ₹2,293 crore from ₹2,794 crore in the year earlier period. Cargo volumes during the quarter declined 27% to 41.41 MMT from 56.75 MMT. However, the company managed to handle more containerised cargo during the quarter, with its Mundra port surpassing JNPT in terms of container handling.

“It does feel great to surpass JNPT,” Karan Adani, CEO & wholetime director, APSEZ told The Hindu.

He said Mundra port handled 0.97 million TEUs in Q1 FY21 as compared to JNPT’s volume of 0.85 million TEUs.

You have reached your limit for free articles this month.

To get full access, please subscribe.

Already have an account ? Sign in

Show Less Plan

Subscription Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Faster pages

Move smoothly between articles as our pages load instantly.

Unlimited Access

Enjoy reading as many articles as you wish without any limitations.


A one-stop-shop for seeing the latest updates, and managing your preferences.

Personalised recommendations

A select list of articles that match your interests and tastes.


We brief you on the latest and most important developments, three times a day.

*Our Digital Subscription plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.

Source link


Please enter your comment!
Please enter your name here