Adani Ports and Special Economic Zone reported fourth-quarter profit above estimates on Thursday, as growth in cargo volumes accelerated during a seasonally strong quarter for construction activity.

The country's top private port operator reported a consolidated net profit of ?3,014 crore ($356 million) for the quarter ended March 31, beating analysts' average estimate of ?2,571 crore, as per data compiled by LSEG.

Private port operators including Adani Ports and smaller rival JSW Infrastructure have benefitted from steady cargo movement across Indian borders, especially during the fourth quarter, which typically sees increased construction activity due to favourable weather.

Adani Ports' cargo volumes rose 8 per cent to 118 million metric tonnes (MMT) in the reported quarter.

This drove revenue nearly 24 per cent higher to ?8,488 crore, surpassing analysts' estimate of a 16.5 per cent rise.

However, U.S. President Trump's erratic tariff policies have threatened to disrupt trade and pile additional risks on India's slowing economy.

Source: The Hindu Business Line 

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