On a consolidated basis, Adani Ports & Special Economic Zone (APSEZ) posted a 16.23% increase in net profit to Rs 1576.53 crore on 11.59% rise in total income to Rs 4274.49 crore in Q3 FY21 over Q3 FY20.Total operating revenue grew by 12% to Rs 3,746 crore in Q3 FY21 from Rs 3,336 crore in Q3 FY20. Port revenue has increased by 35% and revenue from logistics business increased by 8% during the period under review. Consolidated operating EBITDA grew by 9% to Rs 2,488 crore in Q3 FY21 from Rs 2,287 crore in Q3 FY20.
Consolidated profit before tax rose by 15.71% to Rs 2012.5 crore in Q3 FY21 from Rs 1738.87 crore in Q3 FY20. Current tax expense jumped to Rs 394.87 crore in Q3 FY21 as against Rs 270.36 crore in Q3 FY20.
Read more about Adani Ports & Special Economic Zone to raise USD 500 mn in Senior Notes on Business Standard. The Company intends to use the proceeds from the issue of Notes, together with cash on hand of the Company, to fund the proposedTender Offer and to redeem, for cash, any and all of its Senior Notes due 2022 and if the Tender Offer and the