B Ravi, CFO, Adani Ports & SEZ says there has been no drop in the port margins as such and it has been a very steady quarter on quarter.
High foreign currency debt is not a major concern for Adani Ports as it has a natural hedge due to marine and container income.
Mundra Port and Special Economic Zone’s fourth quarter (January-March) net profit rose 74% year-on-year to Rs 335 crore, as cargo traffic to the private sector port surged.
The company's container volumes at its own terminals witnessed about 44% growth. And the company aims to maintain this kind of growth because overall the container segment has been increasing, said B Ravi, chief financial officer of Mundra Port & SEZ.
Talking about the numbers in his address to the press, Mundra Port and SEZ's CEO B Ravi said, "On the cargo front, we have again posted good growth of 26%. Volumes too grew to 12.14 million tonne from 9.8 million tonne. The growth has been possible because of cargo on coal and container fronts."