Adani Ports Q2 results announced: Company’s net profit increased by 4.2% to ₹1,747.8 crore in Q2FY24, revenue increased by 27.6%

Adani Ports has declared the results for the second quarter (July-September) of the financial year 2023-24 on Thursday (November 9). Adani Ports’ net profit in Q2FY24 increased by 4.2% year-on-year (YoY) to Rs 1,747.8 crore.

Revenue increased by 27.6% to Rs 6,646.4 crore.
Adani Ports had made a net profit of Rs 1,677.5 crore in the same quarter last year. The company’s revenue from operations in Q2 increased by 27.6% year-on-year (YoY) to Rs 6,646.4 crore. It was Rs 5,210.8 crore in the same period of the last financial year.

EBITDA increased by 35% to Rs 4,053.9 crore.
The company’s operating profit (EBITDA) increased by 35% on an annual basis to Rs 4,053.9 crore in the September quarter. It was Rs 3,005.5 crore in the same quarter last year.

Adani Ports’ EBITDA margin stood at 61% in the September quarter, compared to 57.7% in the same quarter last year.