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17-Aug-2024

Adani Ports & Special Economic Zone

Sales up 21%, net up 47%


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Consolidated net sales (including other operating income) of Adani Ports & Special Economic Zone for the quarter ended Jun 2024 has increased 21% to Rs 7559.59 crore.  Operating profit margin has jumped from 60.26% to 63.71%, leading to 27.94% rise in operating profit to Rs 4,816.58 crore.  Employee cost decreased from 8.03% to 6.21%.   Other expenses fell from 31.72% to 30.08%.   Other direct service cost fell from 26.04% to 24.69%.   Other income rose 28.91% to Rs 494.59 crore.  PBIDT rose 28.03% to Rs 5311.17 crore.  Provision for interest fell 23.49% to Rs 484.06 crore.  PBDT rose 37.31% to Rs 4827.11 crore.  Provision for depreciation rose 6.56% to Rs 1011.87 crore.  Profit before tax grew 48.68% to Rs 3,815.24 crore.  Share of profit/loss was 2.54% lower at Rs -77.16 crore.  Provision for tax was expense of Rs 485.42 crore, compared to Rs 371.36 crore.  Eff...



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