Adani Ports and Special Economic Zone Q4FY23 net profit soras 5.1% to Rs 1,158.88 cr
Mumbai: Adani Ports and Special Economic Zone (ASPEZ) reported a consolidated net profit of Rs 1,158.88 crore in the fourth quarter of FY23, marking a growth of 5.1% compared to Rs 1,102.61 crore in the same quarter of the previous year.
The company achieved its highest-ever cargo volumes during the fiscal year 2022-23, made significant investments, and successfully maintained its net debt to EBITDA ratio within the guided range.
This indicates the company's strong performance and financial stability during the mentioned period.
In Q4FY23, Adani Ports and Special Economic Zone (ASPEZ) experienced substantial growth in revenue, recording a 40% increase to Rs 5,797 crore compared to Rs 4,140.8 crore in the same quarter of the previous year.
Adani Ports and Special Economic Zone (ASPEZ) witnessed a significant growth in EBITDA, with a 59% increase to Rs 3,270.7 crore in Q4FY23 compared to Rs 2,057.1 crore in Q4FY22.
Moreover, Adani Ports' margins expanded to 56.4% in Q4FY23, a notable increase from 49.7% in Q4FY22. This indicates improved profitability and the ability of the company to generate higher margins on its operations during the mentioned quarter.
To reward its investors, Adani Ports and Special Economic Zone (ASPEZ) has announced a dividend of Rs 5 per share (250%) for the fiscal year FY23.
This dividend payout signifies the company's commitment to sharing its profits with shareholders.
The specific dates for the record and payment of the dividend will be communicated by the company at a later date.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
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