Adani Ports and Special Economic Zone on 8 August posted its result for the April-June quarter of the current fiscal year. The company reported an 82.57% jump in consolidated net profit to Rs 2,114.72 crore from the Rs 1,158.28 crore reported in the same quarter for the previous fiscal year.

Adani port market share jumped by 200 basis points (bps) to 26%.

The operating revenue for the company increased by 23.51% to Rs 6,247.55 crore against Rs 5,058.09 crore reported in the Q1 of the last fiscal year.

EBITDA increased by 80% to Rs 3,765 crore for the June quarter of the current fiscal year.

Adani Ports acquired the Haifa port in Israel for $1.2 billion. The port of Hanifa is the second largest port in the country of Israel in terms of shipping containers.

The company’s domestic volume recorded an 8% YoY increase, which is three times greater than India’s cargo volume growth rate in the same period.

Karan Adani, CEO and Whole Time Director of Adani Ports and Special Economic Zone said, “APSEZ delivered its strongest ever quarterly operating performance during Q1 FY24, with highest ever quarterly cargo volumes, revenue, EBITDA and around 200 bps jump in domestic market share, despite over 50 percent of the company’s total port capacity being adversely impacted for around 6 days due to the cyclone Biparjoy,”