Adani Ports Q2 Net Profit Grows 4.19% YoY

9 Nov 2023 , 03:15 PM

Adani Ports And Special Economic Zone reports a consolidated net profit of Rs 1747.85 crore for Q2, a 4.19% YoY growth. Revenue from operations stands at Rs 6,646.41 crore, up 27.55% from the previous fiscal quarter.

Operating margin decreases to 58% from 63% YoY, while net profit margin falls to 27% from 33%. For H1 FY24, revenue increases by 26% YoY to Rs 12,894 crore, and EBITDA rises by 49% YoY to Rs 7,429 crore.

Adani Ports handles 202.6 MMT in the first half, surpassing FY23 guidance, with 53% dry bulk, 37% containers, and 10% liquid and gas. Cargo volume for Q2 reaches 101 MMT, a 17% YoY increase, and port business revenue grows by 19% YoY.

In October, APSEZ reports a 48% jump in cargo volumes, reaching a lifetime high monthly volume of 37 MMT.

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