Adani Ports and Special Economic Zone Ltd (APSEZ) has reported total income of Rs.4938.43 crores during the period ended June 30, 2021 as compared to Rs.4072.42 crores during the period ended March 31, 2021.

The company has posted net profit of Rs.1306.69 crores for the period ended June 30, 2021 as against net profit f Rs.1287.81 crores for the period ended March 31, 2021.

The company reported total income of Rs.2749.46 crores during the period ended June 30, 2020.

It posted net profit of Rs.758.02 crores for the period ended June 30, 2020.

"Our strategy of establishing a network of world-class ports to balance cargo across the east and west coast has been tracking precisely as per plan, thereby continuing to de-risk our growth as well as lay the foundation of a broader logistics platform. This has resulted in APSEZ accelerating its market share gain," said Karan Adani, Chief Executive Officer and Whole Time Director of APSEZ. "We have therefore raised our target cargo volumes to 350-360 MMT, which translates to unprecedented YoY growth of about 45%. APSEZ also became the first Indian infrastructure company to have raised a dual-tranche of 10.5-year and 20-year unsecured bond, further reducing our cost of capital to one of the lowest in the industry. I am also pleased to state that our goal of becoming the first port company to be carbon neutral by 2025 is very well on track."

In July '21, as part of the capital management plan, Adani Ports and Special Economic Zone (APSEZ) successfully issued USD 750 Mn of dual-tranche 10.5-year and 20-year unsecured bonds in global capital markets. APSEZ became the only infrastructure company in India to successfully place a 20-year paper, an achievement that reinforced its unique business model underscoring the strength of its strong fundamentals. With this issuance, APSEZ has given a longer yield curve to investors and elongated its debt maturity to over seven years.

The operations of the company continued to benefit from its networked economies of scale and the digitization initiatives that the company has been investing in over the past several years.