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

Adani Ports Special Economic Zone (APSEZ). Monday Reports Consolidated net profits decreased 16.86% ₹1,091.56 Million for the first quarter of the financial year, despite record cargo volumes. The Country’s The largest integrated logistics company reported a net profit consolidated ₹According According to a regulatory filing 1,312.9 Million were spent during the same period last fiscal year.

Its Total Income during the June quarter rose to ₹5.099.25 million as against ₹5.073 crores in Q1 FY22. The company’s total expenses also increased. ₹4,174.24 Crores ₹3,660.28 billion crores were previously APSEZ reported that its highest quarterly cargo was 91 MMT (million metric tonnes).

The Dry cargo led the growth in cargo volume, with an 11.2% increase. Containers followed closely (3.2%) and liquids including crude (5.6%). The automobile segment saw a 120% increase in volume, even though it was a small part of overall volumes. Both The Mundra Both non-Mundra Similar Ports showed the highest growth rates. The non-Mundra The Company stated that ports were responsible for 53% of the cargo basket.

In A statement Karan AdaniAPSEZ chief executive officer, and director-whole the time Jeremy Reilly, said: “Q1 FY23 has been the strongest quarter in APSEZ’s history, with a record cargo volume and highest ever quarterly EBITDA.”

Adani further the company’s strong performance was maintained. July We 100 MMT cargo throughput was recorded in the first 99 Days of FY23. “We are confident of achieving our full-year guidance of 350-360 MMT cargo volumes and EBITDA of ₹12,200-12,600 crore,” He added.

According To The company statement Adani Logistics An increase of 31 percent in rail volume, to 111.136 TEUs (twenty-foot equivalent unit), was observed. There was also an increase of 54% in terminal volume at 99.217TEUs. Adani Ports Gadot Group consortium (70/30 partnership), won the bid for 100% of the stake in Haifa Port Company A bid value of USD 1.13 trillion

“We anticipate the deal to be 75 percent debt-financed, and APSEZ’s equity contribution to be around ₹1600 crore,” APSEZ officials stated that the deal marked APSEZ’s entry into a developed market. Suez CanalThe This will allow for the expansion of the company’s footprint. Europe.

APSEZ stated that liquid cargo could also be available at Krishnapatnam Port A decrease in sunflower oil imports was a major factor. Ukraine Due To the ongoing conflict.

The Container Terminal at Gangavaram Port By the end of next week, 5 MMT LNG terminals will be in operation. Dhamra Will DecAdded APSEZ available at the end It Construction It began on 4.5 Million Square Feet This is Warehouse Capacity in Four Locations (Mundra, Moriya, Ranoli Palwal(), Two agri-container terminals in Bihar (Darbhanga And Samastipur).

Revenue From At ₹360 crores, an increase of 34%, can be attributed to the improved container and terminal traffic. APSEZ stated that it also acquired a 100% stake in Ocean Sparkle Ltd (OSL). OSL is expected to generate revenue in the range of ₹633 Crores EBITDA and EBITDA ₹The Current financial years saw 355 million. APSEZ is part of the global diversified Adani Group.

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