Adani Ports Q2 profit up 65 pcs. | Tech Rasta

NEW DELHI: Adani Ports and Special Economic Zone Ltd (APSEZ) reported on Tuesday that consolidated profit rose 65.4 percent at Rs.1,737.81 crore for the quarter ended September 2022, driven by operating income. higher job

The company has announced a total profit of Rs 1,050.20 crore for the same period last year, APSEZ said in its filing against BSE.

Total operating income for the period July-September increased to Rs.5210.80 crore from Rs.3922.85 crore in the same quarter last year.

“The first half of FY23 is APSEZ’s historic half year record with the highest ever freight volume, revenue and EBITDA. By extending this robust performance through October, APSEZ has successfully passed 200 MMT in shipments within seven months. This is another new step,” said APSEZ Karan Adani, CEO and Always-On Director.

The company added that its logistics business is continuing to grow with better asset utilization.

Adani added, The company is working towards achieving its full-year target of guidance of 350-360 million metric tons (MMT) of inventories and EBITDA of Rs.12,200-12,600 tens of millions.

APSEZ, part of the globally diversified Adani Group It has grown from a port company to an integrated transport utility. It is the developer and operator of the port. It has six strategically located ports and berths on the west coast. and six more ports and terminals on the east coast.

Source link