Adani Ports and Special Economic Zone (APSEZ) officially announced here on Thursday that it posted a 10 per cent year-on-year (YoY) rise in consolidated net profit to Rs 3,329 crore for the March quarter (FY26 Q4), driven by robust cargo volumes and strong operational performance.
On Nifty, the Adani Ports emerged as the top gainer rising 4.52%, Larsen & Toubro gained 4.02%, Hindalco Industries climbed 3.60 %, NTPC rose 3.35% and Reliance Industries by 3.30%.
The partnership proposes the creation of an IMEC Ports Club to strengthen coordination among key ports along the India-Middle East-Europe Economic Corridor (IMEC) route, reinforcing connectivity between India and the European Union.
During the same period last year, the company's profit stood at Rs 2,518 crore, though on a sequential basis, profit declined 2.1% from Rs 3,120.2 crore.
Syama Prasad Mookerjee Port, Kolkata (SMPK), signed a memorandum of understanding (MoU) with Adani Ports and Special Economic Zone (APSEZ) for the redevelopment, restoration and beautification of the historic Kumartuli Ghat in Kolkata
Gopalpur port is located on the east coast of the country and has the capacity to handle 20 MMTPA (million metric tonne per annum).
The Adani group gained a further foothold in the port sector on the eastern coast by acquiring the all-weather deep water Karaikal Port owner Karaikal Port Private Ltd.
The company has also revised its port cargo throughput by 25 per cent to 500 million tonne by 2025.
The port is expected to have volumes of 38 MT, revenues of Rs 1,840 crore and EBITDA of Rs 1,325 crore in FY21, it said.
It is all-weather, deep water, multipurpose port capable of handling fully laden super cape size vessels of up to 2,00,000 DWT, the statement said.
