The profit of Adani Ports, an Adani Group company, has increased by 40% on an annual basis to Rs 2,445 crore in the second quarter of the financial year 2024-25. Consolidated net profit in the same quarter last year was Rs 1,748 crore.
The company's consolidated revenue from operations increased 6% year-on-year to Rs 7,067 crore in the July-September quarter. It was Rs 6,646 crore in the same period last year. Adani Ports released its second quarter (Q2FY25) results today i.e. on 29 October.
Adani Ports shares gave 75% return in one year
After the release of the results, Adani Ports shares closed at Rs 1,377, up 1.83%. The stock has risen more than 4.5% in 6 months. The company's shares have risen by more than 31.41% since January this year. Whereas Adani Ports has given a return of 75.41% in one year.
Adani Ports is the country's largest ports operator.
Adani Ports is India's largest private ports operator and end-to-end logistics provider. Its 13 ports and terminals represent about 24% of the country's ports capacity. Its capacity is more than 580 MMTPA. Earlier its name was Gujarat Adani Ports Limited.
Gautam Adani established the company in 1998
The founder and chairman of Adani Ports is Gautam Adani. He established this company in 1998. Gautan Adani's son Karan Adani is the managing director and CEO of the company, Ashwani Gupta. More than 1900 employees work in the company. Adani Logistics Limited is a subsidiary of Adani Ports.
Graphics Source: VaskarAssets
