Adani Port slips after board postpones earnings announcement | Whuff News

Adani Ports fell 2.5% to Rs 751.8 after the board rescheduled the meeting for approval of audited financial results to May 24, 2022.

In an exchange filing on Wednesday, Adani Ports announced that the company’s board of directors rescheduled the meeting to May 24, 2022. An earlier board meeting was scheduled for today, May 11, 2022.

Adani Ports & Special Economic Zones is in the business of development, operation and maintenance of port infrastructure (port services and related infrastructure development) and has connected various Special Economic Zone (SEZ) products and related infrastructure adjacent to the port in Mundra.

On a consolidated basis, the company reported a 5.7% decline in net profit to Rs 1,472.26 crore on a 1.4% increase in net sales to Rs 3,797.10 crore in Q3 FY22 as compared to Q3 FY21.

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(This story has not been edited by Business Standard staff and is automatically generated from a syndicated feed.)

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