Adani Ports Profit Rises 10.5 Percent on Cargo Growth
India's largest private port operator reported a net profit of 33.29 billion rupees for the March quarter. Growth was driven by an increase in cargo volumes.
ADANI PORTS AND SPECIAL ECON reported a 10.5% profit increase to 33.29 billion rupees ($350.03 million) for the quarter ending March. The results for India's largest private port operator rose from 30.14 billion rupees during the previous year. Growing cargo volumes are driving earnings as the operator expands its footprint across the regional maritime trade network.
### Cargo Volumes Drive Revenue Growth Adani Ports attributed the earnings growth to higher cargo throughput across its maritime facilities. Consolidated net profit reached 33.29 billion rupees as reported on Thursday morning.
