{"id":3239,"date":"2024-08-01T13:13:47","date_gmt":"2024-08-01T07:43:47","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=3239"},"modified":"2024-08-01T13:13:47","modified_gmt":"2024-08-01T07:43:47","slug":"adani-ports-q1-results-net-profit-surges-47-to-%e2%82%b93113-crore-revenue-reaches-%e2%82%b96956-crore","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/adani-ports-q1-results-net-profit-surges-47-to-%e2%82%b93113-crore-revenue-reaches-%e2%82%b96956-crore\/","title":{"rendered":"Adani Ports Q1 Results: Net Profit Surges 47% to \u20b93,113 Crore, Revenue Reaches \u20b96,956 Crore"},"content":{"rendered":"\n<p>Adani Ports and Special Economic Zones (APSEZ) reported a strong financial performance for the first quarter of the fiscal year 2024-25 (Q1FY25). The company&#8217;s consolidated net profit soared by 47% year-on-year to \u20b93,113 crore, up from \u20b92,115 crore in the same quarter of the previous year. This impressive growth was bolstered by a one-time gain of \u20b9600 crore from the sale of a stake in a subsidiary container terminal.<\/p>\n\n\n\n<p>On the revenue front, APSEZ clocked \u20b96,956 crore, a growth of 11 per cent over \u20b96,247.6 crore in Q1FY24. The revenue growth was driven by strong operational performance at all its ports and logistics operations.<\/p>\n\n\n\n<p>Q1 results push past market expectations. According to a Bloomberg survey of eight brokerages, Adani Ports was estimated to clock revenues at \u20b97,007 crore, with its net profit projected to come in at \u20b92,292.50 crore. Actual figures considerably beat these estimates, reflective of the growth trajectory and efficiency management strategies it has kept.<\/p>\n\n\n\n<p>In the period under consideration, Adani Ports completed the divestment of 49% equity stake in its subsidiary, Adani Enore Container Terminal Pvt Ltd for \u20b9248.54 crore. This brought an accretion of \u20b9603.27 crore to the statement, going the overall profit. \u200b<\/p>\n\n\n\n<p><em>Do\u00a0you have a news tip for Lakshmishree reporters? Please email us at\u00a0<\/em>media@lakshmishree.com    <\/p>\n\n\n\n<p><sup><sub>Source: <a href=\"https:\/\/www.moneycontrol.com\/news\/business\/earnings\/adani-ports-q1-results-net-profit-rises-revenue-up-ports-volume-rises-12784108.html\" data-type=\"link\" data-id=\"https:\/\/www.moneycontrol.com\/news\/business\/earnings\/adani-ports-q1-results-net-profit-rises-revenue-up-ports-volume-rises-12784108.html\" target=\"_blank\" rel=\"noopener\">Moneycontrol<\/a><\/sub><\/sup><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Adani Ports and Special Economic Zones (APSEZ) reported a strong financial performance for the first quarter of the fiscal year 2024-25 (Q1FY25). The company&#8217;s consolidated net profit soared by 47% year-on-year to \u20b93,113 crore, up from \u20b92,115 crore in the same quarter of the previous year. This impressive growth was bolstered by a one-time gain [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3240,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[62],"tags":[176,177],"class_list":["post-3239","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-results","tag-adani-port-q1","tag-adani-port-results"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/3239","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=3239"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/3239\/revisions"}],"predecessor-version":[{"id":3241,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/3239\/revisions\/3241"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/3240"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=3239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=3239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=3239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}