Friday 24 Jan, 2020 11:36 PM
Site map | Locate Us | Login
   Info Edge soars on launching Rs 100 Cr VC fund to invest in tech firms    Zensar Technologies Ltd leads losers in 'A' group    Hindustan Fluoro Carbons Ltd leads losers in 'B' group    Ultratech Cement firms up after Q3 PAT jumps 79% to Rs 712 cr    Volumes spurt at Sheela Foam Ltd counter    Energy shares ease    Information Technology shares fall    Telecom shares slide    Atul hits record high after Q3 PAT rises 45%    EIH Associated Hotels gains after Q3 profit rises 17.5%    National Aluminium Company Ltd gains for third straight session    HCL Technologies Ltd soars 1.39%    Nestle India Ltd stays in demand     REC Ltd jumps around 2%    Power Finance Corporation Ltd spurts 3.8%, up for third straight session 
Saravan Stocks
       
Hot Pursuit
Scrips, which has significant changes during the market hours.
Adani Ports' PAT jumps 72% backed by one time tax gain
12-Nov-19   09:43 Hrs IST

On consolidated basis, the company reported a 10.9% rise in profit before tax (PBT) to Rs 886.34 crore in Q2 September 2019 over Q2 September 2018.

The profit after tax (PAT) jumped 72.44% to Rs 1059.20 crore in quarter ending September 2019 as against the corresponding quarter of the previous year. PAT was supported by one time tax gain of Rs 319 crore in Q2 2019 over Q2 2018.

Revenue from operations rose 8.17% to Rs 2821.16 crore in Q2 2019 from Rs 2608.01 crore in Q2 2018.

Commenting on company's performance, Karan Adani, chief executive officer and whole time director of APSEZ said, APSEZ continues to gain market share due to strategy of having multi commodity ports across key locations. Q2 of FY20 was subdued but container volume continues to be strong. We expect H2FY20 to be better and confident of achieving 224-228 MMT of cargo throughput in FY20. With the recent cut in Repo rate, corporate tax reduction and resolve of the Government to accelerate economic growth, we expect economy to revive from Q1FY21. With our pan India presence and ability to handle all types of cargo at all our ports, we are best placed to capture the revival in Indian economy and are confident of achieving 10 to 12% CAGR cargo volume growth for the next few years. Automation and use of technology to handle cargo, sweating of enhanced capacity and better cargo mix will continue to drive margin expansion.

Shares of APSEZ closed 0.4% higher at Rs 387.55 on Monday. The stock has underperformed the benchmark index. APSEX rose 2.99% in three months as compared to a 7.23% rise in Nifty 50 index.

BSE, NSE are shut today, 12 November 2019, on account of Guru Nanak Jayanti

Adani Ports and Special Economic Zone (APSEZ) is a part of globally diversified Adani Group. APSEZ is the largest port developer and operator in India.

Powered by Capital Market - Live News

   Attention Investors : Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day........issued in the interest of investors.
   Attention Investors : Prevent unauthorised transactions in your account Update your mobile numbers/email IDs with your stock brokers / Depository Participant. Receive information of your transactions directly from Exchange / Depositories on your mobile / email at the end of the day .... Issued in the interest of Investors.
   Attention Investors : KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
   Attention Investors : No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
Email ID: info@ssplwealth.com       Customers grievances : grievances@ssplwealth.com     Compliance officer : Mr.G Anand , anand@ssplwealth.com
Hit Count : 13496727
SEBI Regn.Nos : NSE/BSE-INZ000192638 | CDSL : IN-DP-262-2016  |  MCX : INZ000081736
Member IDs : NSE : 11221 | BSE : 6292 | CDSL : 12045000 | MCX : 12815 | AMFI Regn.No : 2662
Designed , Developed & Content provided by CMOTS INFOTECH.(ISO 9001:2015 certified) © Copyright 2011 All Rights Reserved. Saravana Stocks Pvt. Ltd