Shares of Adani Ports decline over 2% post-earnings announcement

Shares of Adani Ports decline over 2% post-earnings announcement

AgenciesUpdated: Wednesday, February 02, 2022, 12:58 PM IST
article-image
The stock declined 2.41 percent to Rs 721.50 on the BSE. At the NSE, it dipped 2.33 percent to Rs 721.50./ Representative image |

Shares of Adani Ports and Special Economic Zone (APSEZ) on Wednesday slipped over 2 percent after the company reported a 6.20 percent decline in consolidated profit for the third quarter ended December 2021.

The stock declined 2.41 percent to Rs 721.50 on the BSE.

At the NSE, it dipped 2.33 percent to Rs 721.50.

Adani Ports and Special Economic Zone on Tuesday reported a 6.20 percent decline in consolidated profit to Rs 1,478.76 crore for the third quarter ended December 2021.

The country's largest integrated logistics player had clocked a consolidated profit of Rs 1,576.53 crore in the corresponding period a year ago, according to a regulatory filing.

Its total consolidated income increased to Rs 4,422.73 crore in the December 2021 quarter, from Rs 4,274.79 crore in the year-ago period.

(With inputs from PTI)

RECENT STORIES

Darius Khambata Rejects ‘Coup’ Allegations Over September 11 Meeting, Calls Accusations Absurd...

Darius Khambata Rejects ‘Coup’ Allegations Over September 11 Meeting, Calls Accusations Absurd...

Sensex Sheds 400 Points Amid Global Sell-Off, Markets Turn Negative As Rate-Cut Hopes Fade & Asian...

Sensex Sheds 400 Points Amid Global Sell-Off, Markets Turn Negative As Rate-Cut Hopes Fade & Asian...

Rupee Plunges 78 Paise To All-Time Intra-Day Low Of 89.50 As Equity Markets Slide And Dollar...

Rupee Plunges 78 Paise To All-Time Intra-Day Low Of 89.50 As Equity Markets Slide And Dollar...

India’s Alternative Investment Ecosystem Enters Defining Phase, With Portfolio Management Services...

India’s Alternative Investment Ecosystem Enters Defining Phase, With Portfolio Management Services...

'SEBI Will Engage With Industry Stakeholders To Include REITs In Market Indices, Boosting...

'SEBI Will Engage With Industry Stakeholders To Include REITs In Market Indices, Boosting...