Adani Ports and Special Economic Zone Ltd records 33% YoY jump in cargo volumes during February 2024

Adani Ports and Special Economic Zone Limited ("APSEZ") has announced the operational performance update for the month of February 2024. The company has recorded 33% YoY jump in cargo volumes during Feb'24.

1. In Feb'24, APSEZ handled 35.4 MMT of total cargo, implying a healthy 33% YoY growth. While most ports observed a YoY jump in volumes, Dhamra Port recorded its highest-ever monthly cargo of 4.22 MMT.

2. During the initial 11 months (Apr'23-Feb'24) of FY24, APSEZ has already handled 382 MMT of cargo, implying that it is well on track to surpass the 400 MMT mark before the end of the current financial year. The company achieved the milestone of surpassing the 350 MMT cargo volume mark at its domestic ports in 318 days.

3. Record growth continued in the logistics segment with YTD rail volumes of around 542,000 TEUs (+21% YoY) and GPWIS volumes of around 18 MMT (+40%).

Shares of Adani Ports and Special Economic Zone Limited was last trading in BSE at Rs. 1321.75 as compared to the previous close of Rs. 1321.65. The total number of shares traded during the day was 190680 in over 8749 trades.

The stock hit an intraday high of Rs. 1348.95 and intraday low of 1312.30. The net turnover during the day was Rs. 252987640.00.

Source : Equity Bulls

Keywords

AdaniPortsandSpecialEconomicZone INE742F01042 APSEZ OperationalPerformanceUpdate February2024