02-05-2024 01:50 PM | Source: Reuters
India's Adani Ports posts bigger Q4 profit on strong cargo volumes
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Adani Ports and Special Economic Zone, India's largest private port operator, posted a 76% rise in its fourth-quarter profit on Thursday, helped by a jump in cargo volumes.
The company, part of billionaire Gautam Adani's conglomerate, said its consolidated net profit rose to 20.40 billion rupees ($244.6 million) in the quarter ended March 31, from 11.58 billion rupees a year earlier. ($1 = 83.3970 Indian rupees)
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