Adani Ports and Special Economic Zone Ltd sets new record on quarterly volumes in Q1 FY24

Adani Ports and Special Economic Zone Limited ("APSEZ") has announced the operational performance update for Q1 FY2024.

APSEZ sets a new record on quarterly volumes with over 101 MMT of cargo handled in Q1 FY24.

During Apr-June 23, APSEZ clocked ~101.4 MMT of total cargo volumes, which is a strong 11.5% YoY growth. Growth observed across most ports and all three broad cargo segments - Container +19%, Liquids & Gas +8%, and Dry Bulk +7%.

In June'23 alone, APSEZ handled ~32.8 MMT of cargo including ~1 MMT at its Haifa Port.

Logistics volume also continue to record significant jump with YTD rail volumes of 131,420 TEUs (+18% YoY) and GPWIS volumes of 4.35 MMT (+40%).

Shares of Adani Ports and Special Economic Zone Limited was last trading in BSE at Rs. 738.90 as compared to the previous close of Rs. 756.50. The total number of shares traded during the day was 608260 in over 15036 trades.

The stock hit an intraday high of Rs. 760.00 and intraday low of 737.55. The net turnover during the day was Rs. 453459441.00.

Source : Equity Bulls

Keywords

AdaniPortsandSpecialEconomicZone INE742F01042 OperationalPerformance Q1FY2024 RecordCargoHandling