Adani Ports -; SEZ report Net Sales of Rs 3,797.10cr for Q3 FY'22

2 Feb 2022 , 03:57 PM

Adani Ports and Special Economic Zone Limited announced its quarterly results with attractive numbers on the table. Its stock remained neutral throughout the day, maintaining marginally higher numbers since its previous closing.

Adani Ports & SEZ ended at Rs745.15 up by Rs5.8 or 0.78% from its previous closing of Rs739.35 on the BSE. The scrip opened at Rs727 and touched a high and low of Rs746.75 and Rs721.50 respectively.

The company’s Net sales stood at Rs 3,797.10 crore in December 2021 up 1.35% YoY as against Rs. 3,746.49 crore in December 2020.

Its Quarterly Net Profit was reported at Rs. 1,472.26 crore in December 2021, down 6.61% YoY against Rs. 1,576.53 crore in the previous corresponding quarter.

Adani Ports’ EBITDA turned out to be Rs. 3,043.43 crore for the quarter ended December 2021 against Rs. 3,222.49 crore for the previous corresponding quarter, down by 5.56% YoY.

The company’s EPS narrowed from the existing Rs 7.69 as of December 2020 to Rs 6.97 for December 2021.

Adani Ports and SEZ is India’s largest private multi-port operator and represents a large network of ports with India’s largest SEZ at Mundra.