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
period | Q2 | Q1 | month-on-month growth | Q2 | year-on-year growth |
---|---|---|---|---|---|
total revenue | 7067.02 | 6956.32 | +1.59% | 6646.41 | +6.33% |
Total Selling/General/Administrative Expenses | 506.06 | 469.27 | +7.84% | 477.92 | +5.89% |
Depreciation/Amortization | 1076.57 | 1011.87 | +6.39% | 974.47 | +10.48% |
total operating expenses | 3826.49 | 3265.87 | +17.17% | 3740.41 | +2.3% |
operating income | 3240.53 | 3690.45 | -12.19% | 2906 | +11.51% |
net income before tax | 2885.17 | 3592.65 | -19.69% | 2520.68 | +14.46% |
net income | 2445 | 3112.83 | -21.45% | 1747.85 | +39.89% |
Diluted normalized earnings per share | 11.52 | 12.58 | -8.4% | 10.2 | +12.98% |
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