![\"Adani](\"https:\/\/c.ndtvimg.com\/2021-11\/p8pgb3s_adani-ports-gujarat-mundra-port-gujarat_625x300_20_November_21.jpg\"\/ "\\"Adani")
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The Adani company’s revenue increased 40 per cent in the January-March quarter.<\/p>\n<\/div>\n
Ahmedabad: <\/b><\/p>\n
Adani Ports and Special Economic Zone on Tuesday announced its results for the fourth quarter and the entire financial year 2022-23. Its net profits (Profit After Tax) increased three per cent in the January-March 2023 quarter to Rs 1,141 crore and 9 per cent for the entire year 2022-23 to Rs 5,393 crore.<\/p>\n
The Adani company’s revenue increased 40 per cent in the January-March quarter to Rs 5,797 crore, and 22 per cent in the entire year 2022-23 to Rs 20,852 crore.<\/p>\n
The company’s strategy of geographical diversification, among others, enabled robust growth, Karan Adani, CEO and Whole Time Director of Adani Ports and Special Economic Zone, said.<\/p>\n
Adani Ports made record investments of around Rs 27,000 crore in 2022-23, which included six major acquisitions totalling around Rs 18,000 crore and organic capex of around Rs 9,000 crore, it said on Tuesday.<\/p>\n
For 2023-24, total capital expenditure during the year is expected to be Rs 4,000-4,500 crore.<\/p>\n
In 2022-23, it recommended a dividend of Rs 5 per share with a payout of around Rs 1,080 crore. A dividend is a reward that companies often provide to their shareholders, though not mandatory, from a portion of their earnings.<\/p>\n
In 2022-23, Adani Ports handled 339.2 million tonnes of cargo, which is 9 per cent higher on a yearly basis.<\/p>\n
Cargo volumes are expected to be at 370-390 MMT in 2023-24, resulting in a revenue of Rs 24,000-25,000 crore.<\/p>\n
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)<\/i><\/p>\n<\/div>\n
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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"[ad_1] The Adani company’s revenue increased 40 per cent in the January-March quarter. Ahmedabad: Adani Ports and Special Economic Zone on Tuesday announced its results for the fourth quarter and the entire financial year 2022-23. Its net profits (Profit After Tax) increased three per cent in the January-March 2023 quarter to Rs 1,141 crore and […]<\/p>\n","protected":false},"author":1,"featured_media":326978,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[65101,394526,394525,3320],"_links":{"self":[{"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/posts\/326977"}],"collection":[{"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/comments?post=326977"}],"version-history":[{"count":0,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/posts\/326977\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/media\/326978"}],"wp:attachment":[{"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/media?parent=326977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/categories?post=326977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/tags?post=326977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}