Adani Ports and Special Economic Zone declines on reporting 22% fall in Q4 consolidated net profit
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Adani Ports and Special Economic Zone is currently trading at Rs. 713.85, down by 37.95 points or 5.05% from its previous closing of Rs. 751.80 on the BSE.
The scrip opened at Rs. 736.50 and has touched a high and low of Rs. 744.05 and Rs. 708.60 respectively. So far 202304 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 924.65 on 27-Apr-2022 and a 52 week low of Rs. 638.00 on 18-Jun-2021.
Last one week high and low of the scrip stood at Rs. 779.65 and Rs. 708.60 respectively. The current market cap of the company is Rs. 150084.12 crore.
The promoters holding in the company stood at 65.55%, while Institutions and Non-Institutions held 29.61% and 4.84% respectively.
Adani Ports and Special Economic Zone has reported results for fourth quarter and year ended March 31, 2022.
The company has reported net loss at Rs 602.49 crore for the quarter under review as compared to net profit of Rs 323.08 crore for the same quarter in the previous year. Total income of the company decreased by 2.78% at Rs 1624.16 crore for Q4FY22 as compared Rs 1670.62 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported fall of 21.78% in its net profit at Rs 1033.02 crore for the quarter under review as compared to Rs 1320.69 crore for the same quarter in the previous year. However, total income of the company increased by 8.48% at Rs 4417.87 crore for Q4FY22 as compared Rs 4072.42 crore for the corresponding quarter previous year.
For the year ended March 31, 2022, the company has reported fall of 84.57% in its net profit at Rs 297.56 crore as compared to Rs 1927.93 crore for the previous year. However, total income of the company increased by 1.24% at Rs 6725.53 crore for year under review as compared to Rs 6643.46 crore for year ended March 31, 2021.
For the year ended March 31, 2022, on the consolidated basis, the company has reported fall of 5.02% in its net profit at Rs 4795.24 crore as compared to Rs 5048.74 crore for the previous year. However, total income of the company increased by 24.58% at Rs 18088.81 crore for year under review as compared to Rs 14519.83 crore for year ended March 31, 2021.
