Adani Ports and SEZ released their FY19 Q1 financial report which showed that the company’s total net consolidated revenue declined from Rs.2745.14 crore of June end quarter last year to Rs.2411.03 crore of current fiscal year. The company’s revenue declined 12.17% as compared to the same period of last year.
The company’s net profit stood at Rs.697.40 crore, which is a 9.1% fall, as the profit of same quarter of corresponding year was Rs.767.5 crore.
APSEZ total expenditure during the first quarter also reduced to Rs.1781.46 as compared to Rs.1867.43 crore of June end quarter of 2017. The company also declared in an additional statement that they completed the acquisition of Kattupalli port during the Q1 of current fiscal year.