Adani Ports and Special Economic Zones said it handled the highest monthly cargo volume of 31.88 MMT in June 2022, implying 12% YoY growth.
The company said that this also marks the highest ever cargo handled in a quarter at 90.89 MMT during Q1 FY23, which is 16% quarter on quarter growth, and 8% year-on-year growth compared to the strong first quarter of FY22 which saw a surge in volumes after COVID. .
Coal volumes continue to show a strong recovery with growth of 25% YoY. The other key segments leading this monthly surge were crude, up 17% YoY and containers up 6% YoY.
The main ports that helped drive this monthly volume growth were Mundra which saw 21% YoY growth, Hazira grew by 16% YoY, Kattupalli & Ennore combined grew by 38% YoY and Dahej surged by 70% YoY.
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.
The company reported a 21.8% fall in consolidated net profit to Rs 1033.02 crore in Q4 FY22 from Rs 1320.69 crore posted in Q4 FY21. Net sales rose 6.6% YoY to Rs 3,845.03 crore for the quarter ended March 31, 2022.
The scrip rose 0.29% to now trade at Rs 680.30 on the BSE.
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