Adani Ports and Special Economic Zone (APSEZ) reported a significant 48% rise in net profit for the March quarter of FY25, reaching ₹3,023.10 crore compared to ₹2,014.77 crore in the same quarter last year. According to the Adani Group, this growth was driven by higher income and strong revenue performance during the quarter.
The company’s total quarterly revenue increased by 22% to ₹8,769.63 crore, up from ₹7,199.94 crore a year earlier. Meanwhile, total expenses also rose to ₹5,382.13 crore from ₹4,450.52 crore during the same period.
Following the earnings report, Adani Ports announced a dividend for its shareholders. In a regulatory filing, the company stated that it has recommended a dividend of ₹7 per share for FY25 on shares with a face value of ₹2 each.
Additionally, Adani Ports’ March quarter revenue from operations rose 23% to ₹8,488 crore from ₹6,897 crore in the corresponding quarter last year. Operating profit also jumped by 23.8% to ₹5,006 crore, compared to ₹4,044 crore a year earlier. The company’s EBITDA margin improved to 59% during the quarter, up from 58.6% in the same period last year.
Also Read: Voice and Video Calling Feature Launches on WhatsApp Web
In a viral linked -down post called "IndiGo, UR Going Down", businessman Chayan Garg has…
In today's fast-paced digital world, a unique word has captured the social media and coding…
The 5G rollout brought revolution in the way we connect, stream and communicate. But even…
In a related development for Android users globally, the Federal Investigation Bureau of Investigation (FBI)…
Finally, the joy of raising his first IPL title turned into heartbreak for Royal Challengers…
Openai has reached a remarkable milestone this week, in which Chatgpt commercial products are now…
This website uses cookies.