Adani Ports and Special Economic Zone Limited reported a substantial 76% surge in its consolidated net profit for the quarter ended March 31, 2024, reaching Rs 2,040 crore.
The Adani Group firm’s revenue from operations also witnessed a robust 19% increase, rising to Rs 6,897 crore in the fourth quarter of the financial year 2023-24.
In light of its strong financial performance, Adani Ports has declared a dividend of Rs 6 per equity share.
As of 1:26 pm on May 2, the shares of Adani Ports were trading 0.48% higher at ₹1,331.20 on the National Stock Exchange (NSE).
Also, Adani Ports and Special Economic Zone Ltd (APSEZ) on Thursday said it handled 36.2 million metric tonnes (MMT) of cargo in April. This marks a 12 percent year-on-year growth.
APSEZ stated that growth was recorded across most domestic ports. Dhamra Port recorded its highest ever monthly cargo of 4.38 MMT.
Growth was seen across the three broad cargo categories – dry (up 7 percent year-on-year), liquid and gas (up 29 percent), and containers (up 14 percent).
The firm owned by billionaire Gautam Adani said growth in the logistics segment continued. Rail volumes rose by 5 percent year-on-year to 49,430 TEUs. GPWIS volumes increased by 26 percent to 1.8 MMT.
