Adani Ports Q4 net profit rises 76% to Rs 2040 cr

(20 second reading) Adani Ports and Special Economic Zone Limited reported 76% jump in consolidated net profit (attributable to equity shareholders of parent) at Rs 2,040 crore for the quarter ended March 31, 2024, helped by a jump in cargo volumes. It reported consolidated net profit of Rs 1,158 crore in the year-ago period. The revenue from operations rose 19% to Rs 6,897 crore in Q4FY24 as compared to Rs 5,797 crore in Q4FY23.
The company declared dividend of Rs 6 per equity share of Rs 2 face value for the financial year 2023-24. Adani Ports achieved its highest ever quarterly volumes at 109 million metric tonnes (MMT) in the January-March period.