If you have shares of Adani Ports, then there is good news for you. In fact, Adani Ports and Special Economic Zone has announced its financial results. In this, the company has made a profit of 288% over the previous year. In this case, the company will give a dividend at the rate of Rs 5 per share to its share holders. This can be beneficial to the shareholders.
The country’s largest ports company achieved consolidated profit during the quarter from January to March 2021, 288% higher than the previous year, to Rs 1321 crore. The consolidated net profit of the company was Rs 340.21 crore during last year i.e. January to March 2020.
Adani Ports operating income increased
The time from 2021 January to March for Adani Ports was very good. During this period, the operating income of the company increased by about 24 percent. In this case, the operating income was Rs 3,608 crore. It was Rs 2,921 crore in the fourth quarter of the last financial year. In FY 2019-20, this figure was Rs 11,873 crore. According to the company, EBITDA of the company’s port business has increased by 15% to Rs 7,560 crore in 2020-21 due to increased cargo volume and better operational efficiency.
Company will increase partnership with Railways
According to Adani Ports, the company will soon push forward its partnership with Indian Railways. For this, work will be done on the acquisition of Surguja Rail and restructuring of many more railway tracks. Apart from this, the company will invest in important railway lines under the PPP model.
The company has a total of 13 ports in the country.
Adani Ports has a total of 13 ports in the country. While announcing the results, the company’s CEO Karan Adani said that in 2020-21, the company made many such decisions, which will serve as the foundation for development in the coming times. The company acquired Krishnapatnam Port, Gangavaram Port, Dighi Port and Surguja Rail Line this year.
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