Another blow to Gautam Adani, the profit of this company slipped by 13 percent
The problems of Adani Group are not taking the name of abatement. After the Hindenburg report, there has been a big decline in the wealth of Gautam Adani. Along with this, today the group has released the third quarter results of Adani Ports, in which the company’s profit has decreased by about 13 percent. On the other hand, if we talk about the shares of the company, today a slight increase is being seen in the stock. Today, the stock of Adani Ports is trading at a level of Rs 552.75 with a gain of 1.34 per cent.
Decreased profit of the company
Adani Ports and Special Economic Zone’s consolidated net profit for the third quarter of the current financial year ending December 2022 declined by 12.94 per cent to Rs 1,336.51 crore. The country’s largest integrated logistics company had earned an integrated net profit of Rs 1,535.28 crore in the same quarter of the previous financial year.
Stock market information
In the information given to the stock markets, the company said that its consolidated total income increased to Rs 5,051.17 crore during the quarter, from Rs 4,713.37 crore in the same quarter of the previous financial year. At the same time, the company’s total expenses increased to Rs 3,507.18 crore in the October-December quarter. In the same period a year ago, this figure was Rs 2,924.30 crore.
Know what the CEO of the company said?
Karan Adani, Chief Executive Officer (CEO) and whole-time director of APSEZ, has said that the company has completed the transaction of Haifa Port Company, IOTL, ICD Tumb, Ocean Sparkle and Gangavaram Port and will change the form of transportation unit of its business. growing rapidly in the direction of