Adani Ports' Net Profit Soars 40%, Reflecting Robust Growth Across Operations
1 month, 3 weeks ago

Adani Ports' Net Profit Soars 40%, Reflecting Robust Growth Across Operations

The Hindu  

Adani Ports and SEZ Ltd. (APSEZ) reported a 40% increase in its net profit to ₹2,445 crore in the second quarter ended September 30. Revenue from operations increased by 6% year-on-year to ₹7,067 crore, with a significant portion of this growth coming from the expansion of its marine fleet. The company also saw a significant increase in its logistics business, which contributed to the overall growth in the company's net profit.

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History of this topic

Is Adani Ports stock at Rs 1,960? Here's what brokerages say
3 weeks ago

Is Adani Ports stock at Rs 1,960? Here's what brokerages say

India Today  

Shares of Adani Ports and Special Economic Zone have been in focus over the past few sessions, with analysts projecting a strong growth outlook despite recent challenges. Kotak Institutional Equities has a fair value of Rs 1,630, while Motilal Oswal Financial Services has pegged it at Rs 1,530, both maintaining their ‘Buy’ ratings. Operating cash flow is expected to grow …

Adani Ports Q2 results: A strong rebound but a mixed performance
Trending News
1 month, 3 weeks ago

Adani Ports Q2 results: A strong rebound but a mixed performance

Live Mint  

Adani Ports and Special Economic Zone reported strong financial results for the second quarter of financial year 2024, with a net profit of ₹2,412.54 crore, up 37% year-over-year. However, its total income declined over 22% from ₹7,372.37 crore to ₹6,951.86 crore. Despite the decline, the company's net profit for the first half of the financial year 2024-25 was higher at …

Adani Ports registers 47% profit growth, 21% revenue in April-June quarter
4 months, 3 weeks ago

Adani Ports registers 47% profit growth, 21% revenue in April-June quarter

Hindustan Times  

Adani Ports and Special Economic Zone on Thursday reported that its net profit or profit after tax jumped 47 per cent year-on-year during the April-June quarter to ₹3,107 crore, its earnings results showed. A general view of a container terminal is seen at Mundra Port, one of the ports handled by India's Adani Ports and Special Economic Zone Ltd, During …

Adani Ports gets nod for ₹45,000 crore Mundra expansion: Report
6 months ago

Adani Ports gets nod for ₹45,000 crore Mundra expansion: Report

Hindustan Times  

Adani Ports & Special Economic Zone reportedly got a key environmental and coastal regulation zone approval to more than double the capacity of Mundra port at an investment of ₹45,000 crore. A general view of a container terminal is seen at Mundra Port, one of the ports handled by India's Adani Ports and Special Economic Zone Ltd, in Gujarat. "EAC, …

Gujarat: Adani's Mundra Port creates history, docks largest container ship
6 months, 3 weeks ago

Gujarat: Adani's Mundra Port creates history, docks largest container ship

India TV News  

In a remarkable development for India’s maritime industry, Mundra Port, the flagship of Adani Ports and Special Economic Zone Ltd., created a new record by welcoming the largest container ship ever to call at an Indian port. During its stay, the expected exchange is 12,500 TEUs, underscoring Mundra Port’s capability to manage large cargo efficiently." Further, it is pertinent to …

Adani Ports share price 2% lower, ₹913-crore equities change hands: What's happening
8 months, 2 weeks ago

Adani Ports share price 2% lower, ₹913-crore equities change hands: What's happening

Hindustan Times  

Adani Ports share price: Shares of Adani Ports fell 2 per cent today. Adani Ports share price: A general view of a container terminal is seen at Mundra Port, one of the ports handled by Adani Ports and Special Economic Zone Ltd. Adani Ports monthly updates This comes after Adani Ports released its monthly updates reporting its highest-ever monthly cargo …

Adani Group to invest ₹1.2 lakh crore in FY 2024-25 through 11 companies
9 months ago

Adani Group to invest ₹1.2 lakh crore in FY 2024-25 through 11 companies

Op India  

Adani Group plans to invest USD 14 billion in 2024-25 financial year through its portfolio of 11 listed companies, in developing the country’s infrastructure, according to sources. India’s largest infrastructure conglomerate with showcase projects like Navi Mumbai Airport, Ganga Expressway, world’s largest renewable park at Khavda and Mundra Port has committed a USD 100 billion investment over the next 7-10 …

Adani Ports share surge over 5 per cent as company returns to bond market after two years hiatus
11 months, 2 weeks ago

Adani Ports share surge over 5 per cent as company returns to bond market after two years hiatus

India TV News  

Adani Ports and Special Economic Zone shares rose 5.22 per cent in early trade on Tuesday to hit a 52-week high of Rs 1,229.90 after the company said on Monday that it plans to enter the bond market after a two-year hiatus. At the concluding session of the event, organised by the ruling DMK government, formal agreements were inked between …

Adani Ports board approves raising up to ₹5,000 crore
11 months, 2 weeks ago

Adani Ports board approves raising up to ₹5,000 crore

Live Mint  

Adani Ports and Special Economic Zone Limited, on January 3, announced that its board of directors had granted approval for the mobilization of funds, with a cap of ₹5,000 crore, through a public issuance of non-convertible debentures. “We wish to inform you that the board of directors of Adani Ports and Special Economic Zone Limited has at its meeting held …

Stocks to Watch: RIL, TCS, Vedanta, JSW Steel, Adani Ports, IndiGo
1 year, 1 month ago

Stocks to Watch: RIL, TCS, Vedanta, JSW Steel, Adani Ports, IndiGo

Live Mint  

Here are the top stocks that could be in focus in today's trade: Reliance Industries: According to reports, Reliance is close to finalising a cash and stock agreement to acquire Walt Disney's India operations. Vedanta: India's Vedanta on Tuesday said CFO Sonal Shrivastava has resigned amid a major structural overhaul announced last month. JSW Steel: JSW Steel Ltd, India’s second-largest …

Adani Transmission’s owners earn cons PAT of ₹389.5 cr in Q4, up 70% YoY
1 year, 6 months ago

Adani Transmission’s owners earn cons PAT of ₹389.5 cr in Q4, up 70% YoY

Live Mint  

Adani Transmission's owners earned a consolidated net profit of ₹389.45 crore in the fourth quarter of FY23, registering a growth of 69.62% from ₹229.59 crore in the same quarter a year ago. However, Adani Transmission posted a consolidated total income of ₹3,200.50 crore in Q4 of FY23, registering a single-digit growth of 4.97% from ₹3,048.96 crore in Q4FY22. Here are …

Adani Enterprise Q4 net profit more than doubles, signaling recovery from Hindenburg row
1 year, 7 months ago

Adani Enterprise Q4 net profit more than doubles, signaling recovery from Hindenburg row

Hindustan Times  

Adani Enterprises Ltd.’s latest quarterly profit more than doubled as billionaire Gautam Adani’s flagship firm seems to recovered from a scathing short seller attack earlier this year that wiped out more than $100 billion off the conglomerate’s market value. Adani Enterprise Q4 results The Ahmedabad, Gujarat-based company posted a net income of 7.22 billion rupees for the quarter ended March …

Adani Ports, Special Economic Zone sells Myanmar Port for USD 30 million
1 year, 7 months ago

Adani Ports, Special Economic Zone sells Myanmar Port for USD 30 million

India TV News  

Ahmedabad: Adani Ports and Special Economic Zone Ltd on Thursday said that it has concluded the Myanmar Port sale for a total consideration of USD 30 million. Commenting on the occasion, Karan Adani, CEO and Whole-time Director, APSEZ stated “This exit is in line with the guidance provided by the APSEZ Board based on the recommendations made by the Risk …

These 2 brokerages have a ‘buy’ on Adani Ports; here’s why they see a 35% upside
1 year, 9 months ago

These 2 brokerages have a ‘buy’ on Adani Ports; here’s why they see a 35% upside

Live Mint  

JM Financial has initiated coverage on Adani Ports with a ‘buy’ rating and a target price of ₹800 - about 35% jump from the current market price of ₹591. Adani Ports and SEZ, which has 13 ports across India with >600 million tonnes total capacity, has demonstrated its ability to successfully construct /acquire assets in India and create significant value …

Adani Ports repays ₹1,000 cr to SBI MF in comeback strategy
1 year, 10 months ago

Adani Ports repays ₹1,000 cr to SBI MF in comeback strategy

Live Mint  

Billionaire Gautam Adani-led Adani Ports & Special Economic Zone Ltd has paid ₹1,000 crore loan on Monday and promised to repay more as the embattled empire mapped a comeback strategy amid a rout in the group stocks triggered by a bombshell US short seller Hindenburg Research's report released on 24 January. Adani Ports and SEZ has paid SBI Mutual Funds' …

Adani Total Gas Q2 Results: Firm Clocks Revenue Of Rs 2,301 Crore, EBITDA At 464 Crore
2 years, 1 month ago

Adani Total Gas Q2 Results: Firm Clocks Revenue Of Rs 2,301 Crore, EBITDA At 464 Crore

ABP News  

Adani Total Gas Ltd, one of India's leading city gas distribution firm, on Thursday announced its operational and financial performance for the half yearly and quarter ended 30 September 2022. The company’s revenue from operations increased by 90 per cent to Rs 2,301 crore and it logged an EBITDA of Rs 464 crore. “ATGL continued with full vigour and resilience …

Adani Ports Q1 net profit drops 17 pc to ₹1,091.56 cr
2 years, 4 months ago

Adani Ports Q1 net profit drops 17 pc to ₹1,091.56 cr

Hindustan Times  

Adani Ports and Special Economic Zone on Monday reported a 16.86 per cent decline in consolidated net profit to ₹1,091.56 crore for the first quarter of the current financial year despite record cargo volumes. In a statement, Karan Adani, chief executive officer and whole-time director of APSEZ, said, "Q1 FY23 has been the strongest quarter in APSEZ's history, with a …

Adani ports concludes acquisition of State’s stake of 10.40% in GPL
3 years, 3 months ago

Adani ports concludes acquisition of State’s stake of 10.40% in GPL

The Hindu  

The Adani Ports and Special Economic Zone Ltd. has concluded the acquisition of the Andhra Pradesh government’s 10.40% stake in the Gangavaram Port Limited for a consideration of ₹645 crore. The merger of GPL with the APSEZ has also been approved, with the GPL’s valuation amounting to ₹120 per share and the APSEZ’s fair value being ₹754.80 per share. Raju …

Adani Transmission reports 22% rise in first quarter net profit
3 years, 4 months ago

Adani Transmission reports 22% rise in first quarter net profit

Business Standard  

Adani Transmission Ltd on Thursday reported a 22 per cent rise in its consolidated net profit for the April-June quarter at Rs 433.34 crore. Its total income during the period under review was Rs 2,935.72 crore, higher by 15.45 per cent from Rs 2,542.84 crore earned during the first quarter of FY21. In a statement, the company said that the …

Adani Ports to raise $500 mn through dollar bonds
3 years, 5 months ago

Adani Ports to raise $500 mn through dollar bonds

Live Mint  

MUMBAI: Adani Ports & Special Economic Zone Ltd, the flagship ports operator of billionaire Gautam Adani’s group, is looking to raise at least $500 million on offshore debt through dollar bonds. The latest dollar bond issuance by Adani Ports follows a $500 million issuance in January and will be used for both refinancing existing debt as well as for capex. …

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