Adani Ports’ profit rises 18% to ₹3,682 crore:Revenue rises 24% in second quarter; shares deliver 20% return this year

Adani Ports’ profit rose 18% year on year to ₹3,682 crore in the July-September quarter, compared with ₹3,120 crore in the same period last year. The company’s revenue also surged 24%, rising from ₹9,167 crore to ₹11,340 crore. The growth was driven by a surge in its domestic and international ports, logistics and maritime businesses. Company’s EBITDA rises 23% to ₹6,807 crore In its quarterly results, the company’s operating profit, or EBITDA, rose 23% year on year to ₹6,807 crore. It stood at ₹5,550 crore in the same quarter last year. Company to spend up to ₹17,000 crore to expand business Adani Ports has increased its budget for expanding its business this year by ₹3,000 crore. The company will now spend a total of ₹15,000-17,000 crore on expansion over the full year. The company aims to significantly expand its ports and transport network in India and abroad by 2031, and is rapidly investing in new ports and ships to achieve this. Over the past six months, the company generated ₹13,327 crore in cash from its core operations. Of this income, it invested ₹10,521 crore in new projects and business expansion. Despite this substantial spending, the company has retained ₹12,502 crore in cash reserves. Debt position secure: The company’s debt is 1.8 times its annual earnings, which is considered quite safe and under control for an infrastructure business of this scale. Flat trading in the share, up 20% this year After the results, Adani Ports’ shares were trading at ₹1,756. At this price, the company’s total market capitalisation has risen to ₹4.05 lakh crore. The stock has delivered a 20.1% return this year. During this period, the benchmark Nifty 50 index has declined 12.9%, meaning the stock has significantly outperformed the market. Adani Ports is the country’s largest port operator Adani Ports is India’s largest private port operator and end-to-end logistics provider. Its 15 ports and terminals account for around 25% of the country’s port capacity. Its capacity exceeds 627 MMTPA. Gautam Adani founded the company in 1998 Gautam Adani is the founder and chairman of Adani Ports. He founded the company in 1998. Gautam Adani’s son, Karan Adani, and the company’s managing director and CEO, Ashwani Gupta, are its key executives. More than 1,900 employees work at the company. Adani Logistics Limited is a subsidiary of Adani Ports.