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Corporate News |
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APSEZ net rises 76.2% to Rs.2,014.77 crore; earmarks capex of Rs.10,500-11,500 crore for FY25
03-May-2024
Adani Ports and Special Economic Zone (APSEZ), largest private port operator, has posted a 76.2% rise in net profit at Rs.2,014.77 crore, but fell below Street estimates of Rs.2,266 crore.
In comparison, the Adani group company had posted a net profit of Rs.1,158 crore for the same period a year ago. The firm’s revenues rose 19% to Rs.6,897 crore from ?5,797 crore, while Ebitda rose 23.6% to ?4,044 crore, and Ebitda margins rose to 58.6% from 56.4%, APSEZ said in a statement.
News Source:- https://www.financialexpress.com/business/industry-apsez-net-rises-76-2-to-201477-crore-earmarks-capex-of-10500-11500-crore-for-fy25-3475610/
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