Adani Ports Net Profit Rises by 9%

Adani Ports Net Profit Rises 9% To ₹ 5,393 Crore In 2022-23

Adani Ports and Special Economic Zone on Tuesday announced its results for the fourth quarter and the entire financial year 2022-23.

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Its net profits (Profit After Tax) increased three per cent in the January-March 2023 quarter to ₹ 1,141

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Adani Ports Net Profit Rises 9% To Rs 5,393 Crore In 2022-23 The Adani company's revenue increased 40 per cent in the January-March quarter.

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Adani Ports made record investments of around ₹ 27,000 crore in 2022-23, which included six major acquisitions totalling around ₹ 18,000 crore

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For 2023-24, total capital expenditure during the year is expected to be ₹ 4,000-4,500 crore.

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In 2022-23, it recommended a dividend of ₹ 5 per share with a payout of around ₹ 1,080 crore.

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In 2022-23, Adani Ports handled 339.2 million tonnes of cargo, which is 9 per cent higher on a yearly basis.

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Cargo volumes are expected to be at 370-390 MMT in 2023-24, resulting in a revenue of ₹ 24,000-25,000 crore.

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