Adani Ports gains on reporting stellar Q1 numbers; consolidated net profit up 47%
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Adani Ports and Special Economic Zone is currently trading at Rs. 1597.70, up by 8.30 points or 0.52% from its previous closing of Rs. 1589.40 on the BSE.
The scrip opened at Rs. 1588.85 and has touched a high and low of Rs. 1598.60 and Rs. 1551.00 respectively. So far 143292 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1607.95 on 03-Jun-2024 and a 52 week low of Rs. 753.50 on 03-Aug-2023.
Last one week high and low of the scrip stood at Rs. 1604.15 and Rs. 1536.00 respectively. The current market cap of the company is Rs. 340869.93 crore.
The promoters holding in the company stood at 65.89%, while Institutions and Non-Institutions held 27.67% and 6.44% respectively.
Adani Ports and Special Economic Zone has reported 96.90% rise in net profit at Rs 775.99 crore for first quarter ended June 30, 2024 (Q1FY25) as compared to Rs 394.11 crore for the same quarter in the previous year. Total income of the company increased by 46.10% at Rs 2,741.94 crore for Q1FY25 as compared to Rs 1,876.78 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 46.61% rise in its net profit at Rs 3,107.23 crore for the quarter ended June 30, 2024 as compared to Rs 2,119.38 crore for the same quarter in the previous year. Total income of the company increased by 21.46% at Rs 8,054.18 crore for Q1FY25 as compared to Rs 6,631.23 crore for the corresponding quarter previous year.
