Adani Ports and Special Economic Zone Limited (APSEZ) will announce its financial results for the first quarter of the financial year 2022-23 (Q1FY23) on Tuesday. .
The company’s revenue rose to Rs 4,417.8 crore in Q4FY22 from Rs 4,072.4 crore in Q4FY21. However, the company’s expenses increased from Rs 2,526.9 crore to Rs 3,309 crore during the same period.
APSEZ is mainly involved in developing, operating and maintaining port services, port-related infrastructure development activities and infrastructure development in special economic zones. Currently, it operates 13 ports and terminals across India.
In Q3FY22, APSEZ has recorded a 6 percent fall in net profit to Rs 1,479 crore. In Q3FY21, net profit was recorded at Rs 1,577 crore.
In the first quarter of FY22, the company recorded a strong 77 percent growth in its EBITDA from Rs 758 crore to Rs 1,342 crore YOY. Operating income has jumped nearly 100 percent from Rs 2,293 crore to Rs 4,557 crore.
According to the company’s financial statement, earnings per share (EPS) fell to Rs 4.85 from Rs 6.97 in the previous year.
In Q4FY22, the company carried a record cargo volume of 312 MMT with Mundra port alone handling 150 MMT, a feat never achieved by any other commercial port in the country.
The company on 7 July 2022, approved the appointment of D Muthukumaran as the company’s chief financial officer (CFO) and key management personnel with effect from 25 July 2022.
Then, on July 18, APSEZ together with Israel’s Gadot Group, won the tender to privatize the port of Haifa, Israel’s second largest port.