Adani Ports & SEZ, the country’s largest port developer, on Thursday, reported a consolidated net profit of Rs. 418 crore for the first quarter of 2013-14, a growth of 51 per cent over the same period last year.

The company’s total income was up 73 per cent at Rs. 1,568 crore (Rs. 904 crore), while operating profit was up 42 per cent at Rs. 943 crore (Rs. 665 crore). The cargo handled by the company was up 39 per cent at 26.67 million tonnes during the quarter.

A statement from the company said its Dahej port handled cargo of 2.22 million tonnes during the quarter, up 24 per cent while Hazira handled cargo of 0.87 million tonnes during the quarter. The progress on all other ports in Goa, Vizag, Tuna Tekra are on schedule, it said. The company said its Mundra Port has surpassed Kandla Port to emerge as the leading commercial port in the country in terms of cargo handling.

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