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HomeIndiaIndia's Adani Ports posts Q3 profit climb

India’s Adani Ports posts Q3 profit climb

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BENGALURU (Reuters) – Adani Ports and Special Economic Zone, India’s largest private port operator, reported a nearly 68% surge in third-quarter profit on Thursday, helped by a jump in cargo volumes and higher tariffs.

Consolidated net profit rose to 22.08 billion rupees ($266.1 million) in the October-December quarter, the company, which is part of billionaire Gautam Adani’s conglomerate, said.

($1 = 82.9730 Indian rupees)

(Reporting by Sethuraman NR and Varun Vyas in Bengaluru; Editing by Sonia Cheema)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.

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