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Adani Ports Q1 profit drops to ₹1,091 crore

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Adani Gates and Special Economic Zone (APSEZ) on Monday reported a 16.86 percent drop in consolidated net profit to Rs 1,091.56 crore for the first quarter of the current fiscal year.



The country’s largest integrated logistics player had posted a consolidated net profit of Rs 1,312.9 crore a year ago in the corresponding period a year ago, according to a regulatory filing.

Total revenues during the June quarter rose to Rs 5,099.25 crore, from Rs 5,073 crore in Q1 FY22.

The company’s total cost also increased to Rs 4,174.24 crore from Rs 3,660.28 crore earlier.

APSEZ is part of the globally diversified Adani Group. PTI BKS BKS ABM ABM

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