Adani ports Q3 results: Adaani Group’s company Adani Ports and Special Economic Zone Limited (APSEZ) announced its December quarter results on Thursday. The company said that its consolidate net profit increased by 14 per cent to Rs 2,520 crore during the October-December 2024-25 period. It was Rs 2,208.41 crore in the same quarter of a year ago. At the same time, the profit of Adani Group’s company increased by 3 per cent to Rs 2,445 crore in the quarter.
Consolidation Revenue from the operations of Adani Ports increased by 15% to Rs 7,963.55 crore on an annual basis in the December quarter. It was Rs 6,920.10 crore in the same quarter of the previous financial year.
Meanwhile, the shares of Adani Ports on BSE were trading at Rs 46.85 or 4.27% to Rs 1050.40 per share at 2:18 pm.
Why the shares declined despite increasing profits?
The shares of Adani Ports have declined by more than 6% after releasing the results. According to the Bloomberg survey by analysts, the country’s largest private port operator company has missed the estimate. Analysts had estimated the company’s profit to be Rs 2589.4 crore. While it was Rs 2,520 crore. Apart from this, the senses of investors have been affected due to concern about the company’s ability to meet future growth goals.