Amidst the budget, Adani Group company Adani Ports presented December quarter results, bumper increase in net profit.

Adani Group’s leading company Adani Ports has presented its results for the December quarter of financial year 2024 during Thursday’s trading session, in which Adani Ports has shown its consolidated net profit at Rs 2028 crore with a growth of 68 percent. This net profit was Rs 1315 crore in the December quarter of the last financial year 2023. In Thursday’s trading session, at 3:21 pm, Adani Ports stock was trading at the level of Rs 1222.

Adani Ports’ EBITDA increased

During the December quarter, Adani Ports Company’s revenue from operations was Rs 6920 crore, an increase of 44 percent on an annual basis. The company’s EBITDA during the December quarter was Rs 4293 crore, which shows an increase of 59 percent on an annual basis.

Cargo volume increased rapidly

The company has said that during the December quarter, their cargo volume has been seen increasing very rapidly, due to which there has been a lot of improvement in their operating profit growth, due to which the revenue growth has been seen increasing. Adani Ports Company has recorded its cargo volume of about 300 MMT in 266 days of FY 2024 as compared to 329 days of FY 2023.

Adani Ports Company’s share performance

If we look at the stock performance of Adani Ports Company, this stock has given a return of 16 percent in the last 1 month whereas in the last 3 months this stock has increased by more than 58 percent. The 52 week high level of this stock is Rs 1239. 52 week low level is Rs 395