Adani Ports trades higher on reporting 80% rise in Q1 consolidated net profit
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Adani Ports is currently trading at Rs. 790.95, up by 6.60 points or 0.84% from its previous closing of Rs. 784.35 on the BSE.
The scrip opened at Rs. 793.90 and has touched a high and low of Rs. 806.40 and Rs. 785.25 respectively. So far 343242 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. 806.40 and Rs. 753.50 respectively. The current market cap of the company is Rs. 171137.01 crore.
The promoters holding in the company stood at 62.89%, while Institutions and Non-Institutions held 29.44% and 7.68% respectively.
Adani Ports has reported net profit of Rs 394.11 crore for first quarter ended June 30, 2023 as compared to net loss of Rs 384.50 crore for the same quarter in the previous year. Total income of the company increased by 1.34% at Rs 1,876.78 crore for Q1FY24 as compared Rs 1,851.99 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 80% rise in net profit at Rs 2,119.38 crore for the first quarter ended June 30, 2023 as compared to Rs 1,177.46 crore for the same quarter in the previous year. Total income of the company increased by 20% at Rs 6,631.23 crore for Q1FY24 as compared Rs 5,526.19 crore for the corresponding quarter previous year.
