Adani Ports Q4 Results: Net profit jumps 76% YoY to ₹2,040 crore; declares dividend of ₹6

The company’s gross successful Q4FY24 roseate 19% to ₹6,896.5 crore from ₹5,797 crore, YoY.

At the operational level, Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) for the 4th accrued 24% to ₹4,045 crore from ₹3,273 crore, portion EBITDA borderline improved to 58.6% from 56.4%, YoY.

“APSEZ outperformed its precocious extremity of guidance provided astatine the opening of the fiscal twelvemonth connected cargo, revenue, and EBITDA by 6%-8%, portion closing the twelvemonth with nett indebtedness to EBITDA ratio of 2.3x vs its guidance of 2.5x," said Ashwani Gupta, Whole-Time Director & CEO, Adani Ports & SEZ. 

With incremental cargo volumes of 100 MMT achieved successful little than 2 years, APSEZ is good poised to execute 500 MMT of cargo volumes successful 2025, aided by precocious acquired Gopalpur Port, and the scheduled commissioning of Vizhinjam Port successful the existent twelvemonth and WCT adjacent year, Gupta added.

The committee of directors of Adani Ports declared a dividend of ₹6 per equity stock of ₹2 look worth for the fiscal twelvemonth 2023-24.

(To beryllium updated)

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Published: 02 May 2024, 01:33 PM IST