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Adani Ports & Special Economic Zone Ltd Q1FY24; 80% rise in Profits

Adani Ports & Special Economic Zone is in the business of development, operations and maintenance of port infrastructure (port services and related infrastructure development) and has linked multi product Special Economic Zone (SEZ) and related infrastructure contiguous to Port at Mundra.

Financial Results:

Adani Ports & Special Economic Zone Ltd reported Revenues for Q1FY24 of ₹6,248.00 Crores up from ₹5,058.00 Crore year on year, a rise of 23.53%.

Total Expenses for Q1FY24 of ₹4,141.00 Crores down from ₹4,438.00 Crores year on year, a fall of 6.69%.

Consolidated Net Profit of ₹2,119.00 Crores up 80.03% from ₹1,177.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹9.79, up 78.65% from ₹5.48 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Ports
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