Adani Ports and Special Economic Zone Limited (APSEZ), an Adani Group company, has presented excellent quarterly results for the fourth quarter. The company's consolidated net profit rose 76.87 per cent to Rs 2,014.77 crore in the January-March quarter. The company had earned a profit of Rs 1,139.07 crore in the same period of the last financial year.

APSEZ said in a filing to BSE that the consolidated total income of the country's largest integrated logistics company increased to Rs 7,199.94 crore in the fourth quarter of the financial year 2023-24, from Rs 6,178.35 crore in the same period a year ago. Total expenditure increased to Rs 4,450.52 crore in the quarter under review, which was Rs 3,995 crore in the same quarter a year ago.

12 percent jump in freight traffic
Adani Ports handled 3.62 crore metric tonnes (MMT) of freight in April. This is 12 percent more than the same period last year. Most of the domestic ports recorded growth, with Dhamra port handling the highest ever monthly cargo handling of 43.8 lakh metric tonnes, APSEZ said in a statement. Industrialist Gautam Adani's company said growth in the logistics segment continued. Rail sector grew by five per cent YoY at 49,430 TEU and GPWIS grew by 26 per cent at 1.8 MMT. APSEZ, part of the globally diversified Adani Group, is the largest port developer and operator in India.

Adani Power's revenue increased by 37%
Adani Power reported 37 per cent growth (y-o-y) in revenue for FY24 at Rs 50,960 crore, while earnings (EBITDA) more than doubled to Rs 18,789 crore. Consolidated profit before tax (PBT) for FY24 more than doubled to Rs 20,792 crore compared to Rs 7,675 crore last fiscal. Revenue for the fourth quarter increased 29 per cent to Rs 13,787 crore (y-o-y), the company said in a statement. and Earnings (EBITDA) increased to Rs 5,273 crore.

Adani Wilmar's profit increased by 67 percent
Adani Wilmar reported a 67 per cent rise in profit after tax (PAT) to Rs 157 crore for the quarter ending March 31, 2024, as against Rs 94 crore in the same quarter last fiscal. Revenue for the full year (FY24) stood at Rs 51,262 crore, the company said in a statement. The food and FMCG segment reached nearly Rs 5,000 crore, almost doubling in two years. The company recorded revenue of Rs 13,238 crore in the fourth quarter.