Adani Ports Q2 result: Net profit rises 40% YoY but misses estimates

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The poll had also estimated a net profit of Rs 2,601.34 crore for APSEZ.

Meanwhile, total expenses declined marginally by approximately 1 per cent to Rs 4,433.96 crore.

Ashwani Gupta, the whole-time director and chief executive officer of APSEZ, stated, “During the quarter, we diversified our marine fleet, adding 26 offshore support vessels.

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Category: BusinessFinance

Markets: India

Topics: Colombo Gopalpur Gangavaram port Cargo volumes Ebitda Logistics growth Revenue Q2FY25 Net profit Adani Ports Ashwani Gupta Vizhinjam APSEZ Mundra Port

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 14:18:18 (3 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 354 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23323030

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