Adani Ports Q3 Results Date, Adani Ports was owned by gautam adani. Gautam Adani is indian conglomerate business man. Adani Enterprise is parent company of Adani Port.
Adani Ports & Special Economic Zone is in the business of development, operations and maintenance of port infrastructure and related infrastructure contiguous to port at Mundra.
Port is India’s largest port developer and operator comprising 12 ports and terminals and 538 MMT of operating capacity. It also possesses the largest container handling facility in India. Nearly 62% of its capacity is on the west coast of India and 38% on the east coast.
Its port facilities are equipped with the cargo handling infrastructure. Its ports are also equipped to handle diverse cargos consisting of dry cargo, liquid cargo, crude and containers.
The Company also operates Haifa Port. Its subsidiaries include Adani Hazira Port Limited, The Dhamra Port Company Limited and Adani Vizhinjam Port Private Limited.
Adani Port Q3 Results Date and Time
As Letter to NSE company told ” we would like to inform you that the meeting of the Board of Directors of the Company will be held on Tuesday, February 7, 2023 to consider and approve the Unaudited Financial Results for the quarter and nine months ended December 31, 2022.”
Adani Ports Q3 Results : Brokerage Views
Operationally, Adani Ports is continuing to move from strength to strength, with market share moving up to 22% from 14% in FY15 and expected to be 31% by FY25E. As core port EBITDA growth remains upward of double digits, backed by volumes, Jefferies remains positive on Adani Ports shares. Though, downside risks, as per the brokerage, include incremental negative news flow on group leverage and disappointing market share gain at acquired ports.
Due to current market scenario adani group stock hits lower circuit daily. Citi Bank, Credit Suisee seem bond loan have zero value. Avoid adani group stocks till sentiment become positive.