In the fourth quarter of Adani Ports and Special Economic Zone (SEZ), Limited announced that the company’s board of directors had approved dividends at 250 per cent for the fiscal year 2021-22.

“The board has recommended a dividend at 250 per cent ( Rs 5) per equity share of Rs 2 each fully paid up for the financial year 2021-22, subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM),” the Adani Group company said.

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At the end of March 2022, the company will inform the due date of the dividend on which the company hold in AGM, and the date from will be paid or warrants thereof will be dispatched to the shareholders.

The company’s net profit fell 21 per cent to Rs 1,024 crore in the quarter ending March 2022, while revenue rose over 6 per cent to Rs 3,845 crore, and Ebitda declined about 19 per cent to Rs 1,858.8 crore.

Moreover, the Adani Group’s net profit fell by 21 per cent to Rs 1,024 crore by the March quarter. Revenue increased by over 6 per cent, and earnings before interest, taxes, depreciation and amortization declined about 19 per cent to Rs 1,858.8 crore.