01-01-1970 12:00 AM | Source: Accord Fintech
Adani Ports tumbles on reporting 31% fall in Q2 consolidated net profit
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Adani Ports and Special Economic Zone is currently trading at Rs. 692.35, down by 53.30 points or 7.15% from its previous closing of Rs. 745.65 on the BSE.

The scrip opened at Rs. 726.00 and has touched a high and low of Rs. 734.00 and Rs. 681.50 respectively. So far 595722 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 901.00 on 09-Jun-2021 and a 52 week low of Rs. 341.25 on 29-Oct-2020.

Last one week high and low of the scrip stood at Rs. 787.20 and Rs. 681.50 respectively. The current market cap of the company is Rs. 141421.94 crore.

The promoters holding in the company stood at 63.83%, while Institutions and Non-Institutions held 31.15% and 5.02% respectively.

Adani Ports and Special Economic Zone has reported a fall of 52.75% in its net profit at Rs 328.74 crore for the quarter ended September 30, 2021 as compared to Rs 695.72 crore for the same quarter in the previous year. However, total income of the company increased by 3.97% at Rs 1,746.31 crore for Q2FY22 as compared Rs 1,679.63 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 31.38% in its net profit attributed to the owners at Rs 951.71 crore for the quarter ended September 30, 2021 as compared to Rs 1,387.00 crore for the same quarter in the previous year. However, total income of the company increased by 18.80% at Rs 4,066.78 crore for Q2FY22 as compared Rs 3,423.16 crore for the corresponding quarter previous year.