Adani Ports inches up on reporting rise in Q4 consolidated net profit
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Adani Ports and Special Economic Zone is currently trading at Rs. 734.50, up by 0.20 points or 0.03% from its previous closing of Rs. 734.30 on the BSE.
The scrip opened at Rs. 735.40 and has touched a high and low of Rs. 748.85 and Rs. 721.10 respectively. So far 715891 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. 748.85 and Rs. 708.00 respectively. The current market cap of the company is Rs. 158694.61 crore.
The promoters holding in the company stood at 61.03%, while Institutions and Non-Institutions held 31.02% and 7.95% respectively.
Adani Ports and Special Economic Zone (APSEZ) has reported results for fourth quarter (Q4) and year ended March 31, 2023.
The company has reported net profit at Rs 191.85 crore for the quarter under review as compared to net loss of Rs 602.49 crore for the same quarter in the previous year.
Total income of the company increased by 75.01% at Rs 2842.40 crore for Q4FY23 as compared to Rs 1624.16 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 2.64% marginal rise in its net profit at Rs 1140.97 crore for fourth quarter ended March 31, 2023 as compared to Rs 1111.63 crore for the same quarter in the previous year. Total income of the company increased by 30.39% at Rs 6179.12 crore for Q4FY23 as compared to Rs 4739.08 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported net loss at Rs 479.43 crore as compared to net profit of Rs 147.56 crore for the previous year. However, total income of the company increased by 22.46% at Rs 8235.94 crore for year under review as compared to Rs 6725.53 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 8.87% rise in its net profit at Rs 5392.75 crore as compared to Rs 4953.18 crore for the previous year. Total income of the company increased by 15.86% at Rs 22405.39 crore for year under review as compared to Rs 19342.51 crore for year ended March 31, 2022.
