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Q4 Results: Adani Ports’ Profit Meets Estimates

Adani Ports’ net profit rose 38.69 percent year-on-year to Rs 1,285 crore in the March quarter.

Divya Grover
Cargo ships sail in the Mediterranean Sea past shipping containers stored at Barcelona cocmmercial port in Barcelona, Spain. (Photographer: Angel Garcia/Bloomberg)

Adani Ports and Special Economic Zone Ltd.’s quarterly profit rose and met estimates, aided by its higher cargo throughput and foreign exchange gains.

Shares of Adani Ports closed 0.77 percent higher at Rs 412.55 apiece ahead of the earnings announcement. That compares with a 0.68 percent gain in the benchmark Nifty 50 Index.

Also Read: Adani Ports’ Unit To Acquire Agri-Logistics Arm Of Adani Enterprise

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Rupee Hits All-Time Low At Rs 87.98 Against US Dollar Amid Tariff Pressure

  • chevron-double-right Indian rupee fell 35 paise intraday to a record low of Rs 87.98 against the US dollar
  • chevron-double-right The rupee slipped from Thursday's close of Rs 87.63 against the US dollar
  • chevron-double-right The local currency opened 6 paise weaker at Rs 87.69 against the US dollar
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