Adani Ports and Special Economic Zone Limited (ADANIPORTS) reported its earnings for the December quarter on Tuesday, and its shares closed at Rs 582.20 per share on the NSE, little changed from the previous closing price.

Adani Ports and Special Economic Zone Limited (APSEZ) reported a 16.22% increase in its consolidated profit to Rs 1,576.53 crore for the third quarter ended on December 31, 2020. The country's largest integrated logistics player had clocked a consolidated profit of Rs 1,356.43 crore in the corresponding period a year earlier, the company said in a regulatory filing to the Stock Exchanges.

The Company's total consolidated income increased to Rs 4,274.79 crore in the third quarter from Rs 3,830.43 crore in the year-ago period. The company's total expenses during the quarter under review increased to Rs 2,258.62 crore, compared to Rs 2,091.40 crore in the year-ago period. Karan Adani, Chief Executive Officer and Whole Time Director of APSEZ in a statement said,

"The strong and lasting recovery at APSEZ has been the cornerstone of our journey in the recent past. It's a proven certitude that our business now operates closer to a pure-play utility. Our portfolio of assets, increasing market share in India, and preeminence of our network with leadership positions have an unparalleled value proposition.

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