Adani Ports announced Q2 Finance Results post Net Profit Jump 32% to Rs 1,387 crores

Adani Ports announced Q2 Finance Results post-Net Profit Jump 31.6% and Revenue grew  2.9%

Tuesday Adani Ports and Special Economic Zone Limited announced the Q2FY21 Finance Results report on Net Profit Jump 31.6% to Rs.1,393.69 crores during the period September 30, 2020, as against last year same quarter Rs.1,059.20 crores.

India is the largest private multi-port operator the Adani Ports Second quarter consolidated total revenue Jump 2.9% to Rs.3,423.16 crores as against last year’s quarterly revenue of Rs.3,326.90 crores.

Earning Before Interest Taxes Depreciation Amortization (EBITDA) Jump 75.3% to Rs.2,295.6 crores as against last year the same quarter Rs.1,311.1 crores.  

Earning Per Shares growth for 83% to Rs.6.83.

Adani Port has last October month 20  our ports Krishnapatnam Port (KPCL) handled cargo volume of 22 MMT which is growing 21% on a year-on-year basis. KPCL the news port in our portfolio handled a cargo volume of 3.2 MMT. 

APSEZ Chief Executive Officer, Mr. Karan Adani Said, “APSEZ has proven the utility nature of its portfolio of assets by increasing the market share in India to 24% in overall cargo. With the economy reopening in stages, Adani Ports and Special Economic Zone has returned to growth trajectory registering a cargo volume growth of 36% on quarter-on-quarter.

APSEZ is well on course to achieve 500 MMT of cargo throughput by FY25.

The Adani Ports & SEZ current market share price Rs.353.65.

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