URL copied to clipboard

Trending News

Adani Ports Q2 Results: Net Profit Surges 37% YoY, Revenue and Margins See Strong Growth; Check More Inside

Adani Ports Q2 Results reported a 37% YoY increase in net profit to Rs 2,412 crore, 6% revenue growth at Rs 7,067 crore, and EBITDA up 12.6% to Rs 4,369 crore.
Adani Ports Q2 Results: Net Profit Surges 37% YoY, Revenue and Margins See Strong Growth; Check More Inside

Adani Ports and Special Economic Zone Ltd. reported a significant 37% year-on-year increase in consolidated net profit, reaching Rs 2,412 crore for the second quarter of fiscal 2025. This marks an increase from Rs 1,761 crore during the same period last year. The company also saw its revenue rise by 6%, amounting to Rs 7,067 crore in the July-September quarter. EBITDA improved by 12.6%, hitting Rs 4,369 crore, resulting in a margin increase to 61.8% from 58.4% year-on-year.

Alice Blue Image

Also Read: Bharti Airtel Reports 168% Surge in Q2 Net Profit, Shares Dip 2.6% – Check More on This!

In the first half of fiscal 2025, Adani Ports handled 219.8 million metric tonnes of cargo, reflecting an 8.5% growth compared to the previous year. The growth was primarily driven by a 19% increase in container volumes, along with an 8% rise in liquids and gas cargo. Additionally, the company completed the acquisition of Gopalpur Port and Astro Offshore, while also signing two new port concession agreements.

Mundra Port achieved a notable milestone by surpassing the 100 million metric tonne mark in just 181 days, recording 101.1 million metric tonnes in the first half of the fiscal year.

Also read: Diwali Stock Market Holiday 2024: Will the Stock Market Remain Closed This Diwali? Here’s the Schedule!

For FY25, Adani Ports maintains its guidance, forecasting cargo volumes between 460 and 480 million metric tonnes and revenue projections of Rs 29,000 crore to Rs 31,000 crore. The company expects to reach the upper end of its EBITDA guidance for the fiscal year, set at Rs 17,000-18,000 crore.

Alice Blue Image

Despite these positive results, Adani Ports’ share price fluctuated, initially falling by 2.23% to Rs 1,322 per share after the announcement. As of 1:14 p.m., the stock was trading 0.33% higher at Rs 1,356.65, in contrast to a slight decline of 0.08% in the NSE Nifty 50 index.

Loading
Read More News
Onyx Biotec IPO ने दूसरे दिन 9.11 गुना सब्सक्रिप्शन के साथ भारी रुचि आकर्षित की - अधिक जानकारी पढ़ें!

Onyx Biotec IPO ने दूसरे दिन 9.11 गुना सब्सक्रिप्शन के साथ भारी रुचि आकर्षित की – अधिक जानकारी पढ़ें!

Onyx Biotec IPO को दूसरे दिन 9.11 गुना सब्सक्रिप्शन मिला, जो निवेशकों के मजबूत विश्वास और भारी मांग को दर्शाता