Adani Ports and Special Economic Zone second quarter results announced in real time: profit increased by 39.89% year-on-year

Adani Ports & Special Economic Zone Q2 Results Live

2024-10-30 10:54:37 :

Adani Ports and Special Economic Zone’s second quarter results live broadcast: Adani Ports and Special Economic Zone announced its second quarter results for fiscal year 2024, with profits increasing significantly by 39.89% year-on-year. The company reported these results on October 29, 2024, showing revenue growth of 6.33% compared to the same period last year.

While the company’s revenue increased 1.59% from the previous quarter, profits fell 21.45%. In addition, selling, general and administrative expenses increased by 7.84% month-on-month and 5.89% year-on-year, indicating that rising operating costs may affect future profitability.

Operating income decreased by 12.19% month-on-month and increased by 11.51% year-on-year. Second quarter earnings per share (EPS) were $11.52, an increase of 12.98% from the same quarter last year, which is a positive sign for shareholders.

Looking at market performance, Adani Ports returned 0.72% last week, 3.61% over the past six months, and an impressive year-to-date return of 34.01%. Currently, the company’s market capitalization is $296,522.3 Crore, a new 52-week high $1,621.4 The lowest price is $767.2.

Of the 18 analysts covering Adani Ports as of October 30, 2024, only 1 has a Hold rating, while 9 recommend Buy and 8 recommend Strong Buy. The unanimous recommendation indicates strong bullish sentiment on the stock, underscoring confidence in the company’s future performance.

Adani Ports and Special Economic Zone Finance

periodQ2Q1month-on-month growthQ2year-on-year growth
total revenue7067.026956.32+1.59%6646.41+6.33%
Total Selling/General/Administrative Expenses506.06469.27+7.84%477.92+5.89%
Depreciation/Amortization1076.571011.87+6.39%974.47+10.48%
total operating expenses3826.493265.87+17.17%3740.41+2.3%
operating income3240.533690.45-12.19%2906+11.51%
net income before tax2885.173592.65-19.69%2520.68+14.46%
net income24453112.83-21.45%1747.85+39.89%
Diluted normalized earnings per share11.5212.58-8.4%10.2+12.98%
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