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03-Mar-2024

Adani Ports & Special Economic Zone

Net up 68% on good operating show


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Consolidated net sales (including other operating income) of Adani Ports & Special Economic Zone for the quarter ended Dec 2023 has increased 44.59% to Rs 6920.1 crore.  Operating profit margin has jumped from 56.34% to 62.04%, leading to 59.21% rise in operating profit to Rs 4,293.20 crore.  Employee cost increased from 4.75% to 6.91%.   Other expenses fell from 38.91% to 31.05%.   Other direct service cost fell from 26.94% to 26.39%.   Loss on forex transaction fell from 6.58% to 1.55%.   Other income rose 91.26% to Rs 506.85 crore.  PBIDT rose 62.08% to Rs 4800.05 crore.  Provision for interest rose 82.79% to Rs 975.88 crore.  PBDT rose 57.53% to Rs 3824.17 crore.  Provision for depreciation rose 11.51% to Rs 985.32 crore.  Profit before tax grew 83.86% to Rs 2,838.85 crore.  Provision for tax was expense of Rs 533.12 crore, compared to Rs 227.39 crore.&...



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