India’s largest private multi-port operator is Adani Ports and Special Economic Zone Limited, formerly Mundra Port and Special Economic Zone Limited. With Mundra’s largest SEZ, APSEZ represents India’s sizable network of ports. The APSEZ Port Business, India’s largest private port operator with a presence in 12 sites, is essential to its Logistics Business. The Adani Group is a comprehensive infrastructure company.
The corporation started at Mundra Port and now runs ten ports in India with 45 berths and 14 terminals spread across six states.Due to investor optimism for the market, Adani Ports, the port business of the Adani Group, hit a new high on Tuesday. The company’s market cap surpassed 2 lakhs during the day, a tendency toward improved performance for six successive trading sessions.
This month alone, the Adani Port share price has increased by more than 13%. The wealth of investors have virtually tripled thanks to this multi-bagger Adani stock.Adani Ports’ stock rose 10.20%, or 1.09%, to close at 948.85 per share on the BSE. The shares’ record high while trading was 953.80 per share, contributing to a Tuesday closing increase of at least 1.6%. Shares of Adani Ports have surged more than 13.25% on Dalal Street in September.
Results for Q4FY22 are announced by Adani Ports & Special Economic Zone:
- Cargo volume increased 26% in FY22, resulting in records for revenue and EBITDA reaching a total cargo volume of 312 MMT, a 26% YoY increase.
- The transition from 200 MMT to 300 MMT took a record-breaking three years.
- Around Rs. 11,400 croreof acquisitions made while maintaining the credit quality.
- Consolidated revenue increased by 27% to Rs. 15,934 crore. Due to balanced growth experienced by three essential business segments: port, logistics, and SEZ.
- The increase in cargo volume, better realisation, and with SRCPL allowed port revenue raised by 21% to Rs. 12,964 crore.
- Revenue from the logistics industry reached Rs. 1,208 crore, an increase of 26%, due to better container and terminal traffic and more rolling stock being made available for both containerized and bulk freight.
- Consolidated EBITDA increased by 22% to Rs. 9,811 crore revenue increased by 27%.
- Port EBITDA raised to 21% to Rs. 9,120 crore as port revenues increased.
- The margin for the logistics sector increased by 283 bps to 26%, and EBIDTA increased by 41% to Rs. 320 crore.
These Adani shares have increased by more than 27% during the past year. On September 13 last year, the shares were trading for less than $745 per.Meanwhile, Adani Port share price has become a multi-bagger in two years with gains of around 177% and 2.7 times. On September 11, 2020, the shares traded at roughly $342 per unit. Nevertheless, the wealth of investors in Adani Ports has almost tripled in two years.