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Economic news: Attempts to attack SpiceJet, Adani Ports’ net profit fell by 22 percent

Adani Ports internet revenue down 22 per cent

Adani Ports and Particular Financial Zone Ltd’s internet revenue declined by 21.78 per cent, or Rs 287.67 crore, to Rs 1,033.02 crore within the final quarter of the final monetary yr. In keeping with the monetary outcomes information launched by the corporate on Tuesday, it had posted a internet revenue of Rs 1,320.69 crore for the quarter ended March 31, 2021.

The corporate’s complete revenue, nonetheless, elevated to Rs 4,417.87 crore from Rs 4,072.42 crore within the quarter below evaluation. The corporate’s complete expenditure elevated from Rs 2,526.91 crore for the quarter ended March 31, 2021 to Rs. 3,309.99 crore for the quarter ended March 31, 2022. The corporate stated that it had earned a internet revenue of Rs 4,795.24 crore within the final monetary yr as in opposition to Rs 5,048.74 crore in FY21.

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