JSW Steel Q4 2024 Results: Con...
by
Tanushree Jaiswal
17/05/2024
Corporate Actions
Adani Ports and Special Economic Zone Q4 FY2024 Results: Net profit up by 76%
Tanushree Jaiswal
2nd May 2024 - 05:42 pm
Check Adani Ports and Special Economic Zone Share Price
Key Highlights
- Adani Ports' revenue from operations for Q4 FY2024 increased by 19% on a YOY basis.
- Net profit was marked at ₹2040 cr for Q4 FY2024.
- EBITDA for Q4 FY2024 increased by 24%.
Business Highlights
- Adani Ports reported a consolidated net profit for Q4 FY2024 at ₹2040 cr from ₹1158 cr in Q4 FY2023, up by 76.20%.
- Its revenue from operations Q4 FY2024 was ₹6,896.50 cr against ₹5,796.85 cr in Q4 FY2023, up by 190%.
- Total revenue growth for FY 2024 was ₹26,711 cr, up by 28% while net profit for FY 2024 was ₹8,104, up by 50%.
- EBITDA was up by 24% on a YOY basis for Q4 FY 2024 racing ₹4,045 cr from ₹3,273 cr for the same period in FY 2023.
- The company declared a ₹6 dividend per equity share having a face value of ₹2 for FY 2024.
Commenting on the results, Ashwani Gupta, Whole-Time Director & CEO, Adani Ports & SEZ. said, “APSEZ outperformed its upper end of guidance provided at the beginning of the financial year on cargo, revenue, and EBITDA by 6%-8%, while closing the year with net debt to EBITDA ratio of 2.3x vs its guidance of 2.5x. With incremental cargo volumes of 100 MMT achieved in less than two years, APSEZ is well poised to achieve 500 MMT of cargo volumes in 2025, aided by recently acquired Gopalpur Port, and the scheduled commissioning of Vizhinjam Port in the current year and WCT next year.”
Characters remaining
(1500)
View All
Disclaimer: Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
Get 100 trades FREE* with the code "FREEPACK"
Trending on 5paisa
01
Tanushree Jaiswal
05
Tanushree Jaiswal
06
Tanushree Jaiswal
Discover more of what matters to you.
Corporate Actions Related Articles
Biocon Q4 2024 Results: Consol...
by
Tanushree Jaiswal
16/05/2024
Info Edge (India) Q4 2024 Resu...
by
Tanushree Jaiswal
16/05/2024
GAIL India Q4 2024 Results: Co...
by
Tanushree Jaiswal
16/05/2024
Hindustan Aeronautics Q4 2024 ...
by
Tanushree Jaiswal
16/05/2024