Gautam AdaniImage Credit source: File Photo : PTI
Gautam Adani is going through a very critical phase. Shares of many of his companies have not recovered after the Hindenburg report. But there is also a company of Adani which has not only recovered from the impact of that report but is also earning huge profits. This company is none other than Adani Port and SEZ. There has been a tremendous increase in the company’s profits. However, today a decline of one and a half percent has been seen in the shares of Adani Port. Let us also tell you what kind of quarterly results of Adani Port have been seen.
Adani Port gets huge profits
The profit of Adani Ports and Special Economic Zone, an Adani Group company, has increased by 1.37 percent to Rs 1,761.63 crore in the second quarter (July-September) of the current financial year. While giving information to BSE on Thursday, Adani Ports and Special Economic Zone said that in the same quarter of 2022-23 a year ago, the company had seen a profit of Rs 1,737.81 crore. The total income of the company stood at Rs 6,951.86 crore in the quarter ending September 2023, which was Rs 5,648.91 crore in the same quarter a year ago. The total expenditure of AP-SEZ also increased to Rs 4,477 crore in the second quarter from Rs 3,751.54 crore in the second quarter of 2022-23 a year ago.
decline in company’s shares
However, today there has been a decline in Kanni’s stock. Adani Port shares closed at Rs 806.20 with a fall of 1.50 percent. However, today the company’s shares opened at Rs 827.95 and during the trading session it also reached the day’s lower level of Rs 798.25. However, in the last 6 months, the company’s shares have seen an increase of about 17 percent. At present the company market cap is Rs 1,74,150.40 crore.