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On a standalone basis, the company's total income increased from Rs 1045.5 crore for the quarter ended June 30, 2014 to Rs 1286.5 crore in Q1FY16.
The company said in a statement to the Bombay Stock Exchange (BSE) that the consolidated net profit for the quarter stood at Rs 640.8 crore, up by 12.8% compared to the year-before period. Total Income has increased from Rs 1433 crore in Q1FY15 to
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Rs 1897.2 crore for the quarter ended June 30, 2015, 32%. EBIDTA increased by 31% to Rs.1,294 crore in the current quarter as compared to Rs.990 crore in corresponding quarter last year.
APSEZ said in a press statement that the consolidated cargo across all ports handled by the company was 40 million tonnes (mt) in Q1FY16, an increase of 17% over corresponding quarter last year. In case of containers, the Mundra port handled 748,000 TEUs in Q1FY16 as against 681,000 TEU's in corresponding quarter last year resulting in a 10% growth as compared to growth of 3% aggregate growth in container volumes at all the major ports, the statement claimed. Its twin ports of Hazira and Dahej handled cargo of 5.42 mt in Q1FY16 thereby showing a growth of 22%.
Commenting on the results, Gautam Adani, chairman, Adani Group said "The Company's pan India presence continues to expand and we have received the letter of award from the Government of Kerala for the development of the strategically located Vizhinjam port. Our strong financial and operational results are a testimony of our continued focus on execution of our strategy". Further, Sudipta Bhattacharya, chief executive officer of APSEZ, said "Despite the increasingly large baseline of cargo volume, we have continued to demonstrate strong growth as a result of our ability to capture market share through broadening of our network of ports and logistics capabilities."
The group recently announced the demerger of the group and moved away from its present 'holding company' structure and instead has four independently listed entities for the four major business segments. Adani Enterprises has demerged its ports, power and transmission
businesses in Adani Ports and Special Economic Zone, Adani Power and Adani Transmission, respectively.
The company's shares ended down by 0.44% at Rs 338.2 a share in day's trade at the BSE.
