Adani Ports reports 12% YoY jump in cargo handling during June 2022

Adani Ports and Special Economic Zone Limited ("APSEZ") has announced the operational performance for June 2022 as under:

June 2022 - Record monthly cargo volume; closing the quarter on a new high

1. APSEZ handled the highest ever monthly cargo of 31.88 MMT in June '22, implying a 12% y-o-y jump.

2. This also marks the highest ever cargo handled in a quarter at 90.89 MMT during Q1 FY23, which is 16% q-o-q growth, and 8% y-o-y growth over a strong Q1 FY22 that saw the post COVID volume surge.

3. Coal volumes continue to show strong recovery (25% y-o-y). Other key segments that lead this monthly surge are crude (17% y-o-y) and container (6% y-o-y).

4. Key ports that helped drive this monthly volume growth are Mundra (21% yo-y), Hazira (16% y-o-y), Kattupalli & Ennore combined (38% y-o-y), and Dahej (70% y-o-y).

Shares of Adani Ports and Special Economic Zone Limited was last trading in BSE at Rs. 681.90 as compared to the previous close of Rs. 678.35. The total number of shares traded during the day was 109164 in over 4036 trades.

The stock hit an intraday high of Rs. 684.00 and intraday low of 673.05. The net turnover during the day was Rs. 74068982.00.

Source : Equity Bulls

Keywords

AdaniPortsandSpecialEconomicZone INE742F01042 APSEX OperationalPerformance June2022 CargoHandling