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Adani Ports and Special Economic Zone moves up on reporting 72% rise in Q1 consolidated net profit

Total income of the company increased by 79.61% at Rs 4938.43 crore for Q1FY22

Adani Ports and Special Economic Zone is currently trading at Rs. 708.70, up by 3.50 points or 0.50% from its previous closing of Rs. 705.20 on the BSE.

The scrip opened at Rs. 719.00 and has touched a high and low of Rs. 719.00 and Rs. 706.60 respectively. So far 269153 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 901.00 on 09-Jun-2021 and a 52 week low of Rs. 311.50 on 04-Aug-2020.

Last one week high and low of the scrip stood at Rs. 719.00 and Rs. 657.90 respectively. The current market cap of the company is Rs. 143984.33 crore.

The promoters holding in the company stood at 63.79%, while Institutions and Non-Institutions held 30.59% and 5.62% respectively.

Adani Ports and Special Economic Zone has reported 34.26% fall in its net profit at Rs 188.40 crore for the quarter ended June 30, 2021 as compared to net profit of Rs 286.58 crore for the same quarter in the previous year. However, total income of the company increased by 25.70% at Rs 1730.00 crore for Q1FY22 as compared Rs 1376.26 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 72.38% in its net profit attributable to equity holders at Rs 1306.69 crore for the quarter under review as compared to net profit of Rs 758.02 crore for the same quarter in the previous year. Total income of the company increased by 79.61% at Rs 4938.43 crore for Q1FY22 as compared Rs 2749.46 crore for the corresponding quarter previous year.