Adani Ports and Special Economic Zone shines despite reporting 13% fall in Q3 consolidated net profit
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Adani Ports and Special Economic Zone is currently trading at Rs. 594.95, up by 41.65 points or 7.53% from its previous closing of Rs. 553.30 on the BSE.
The scrip opened at Rs. 565.00 and has touched a high and low of Rs. 597.00 and Rs. 564.25 respectively. So far 1661641 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 987.90 on 20-Sep-2022 and a 52 week low of Rs. 394.95 on 03-Feb-2023.
Last one week high and low of the scrip stood at Rs. 598.70 and Rs. 394.95 respectively. The current market cap of the company is Rs. 126249.32 crore.
The promoters holding in the company stood at 65.13%, while Institutions and Non-Institutions held 28.25% and 6.62% respectively.
Adani Ports and Special Economic Zone has reported results for third quarter ended December 31, 2022. (Q3FY23)
The company has reported fall of 97.64% in its net profit at Rs 11.40 crore for Q3FY23 as compared to Rs 483.37 crore for the corresponding quarter previous year. Total income of the company decreased by 2.68% to Rs 1806.30 crore for the quarter under review as compared to Rs 1855.98 crore for the same quarter in the previous year.
On the consolidated basis, the company has reported fall of 12.95% in its net profit at Rs 1336.51 crore for Q3FY23 as compared to Rs 1535.28 crore for the same quarter in the previous year. However, total income of the company increased by 7.17% to Rs 5051.17 crore for the quarter under review as compared to Rs 4713.37 crore for the same quarter in the previous year.
