APSEZ registers profits in fourth quarter of 2021 fiscal

Adani Ports and Special Economic Zone Limited (APSEZL) has reported a consolidated net profit of Rs 12.88 billion in the fourth quarter of financial year 2020-21. The company had posted a profit of Rs 3.34 billion during the same period in the previous year. The company’s fourth-quarter consolidated revenue from operations rose by almost 24 per cent to Rs 36.08 billion as against Rs 29.21 billion a year ago. The company is expecting the consolidated earnings before interest, taxes, depreciation and amortisation for the year 2021-22 to be between Rs 10.2 billion and Rs 10.7 billion. It is expecting the free cash flow to be in the range of Rs 55 billion-Rs 60 billion, while the consolidated revenue is expected to be Rs 16 billion-Rs 16.8 billion.