Latest news with #GautamAdani-owned
Economic Times
05-08-2025
- Business
- Economic Times
Adani Ports Q1 Results: Cons net profit rises 7% YoY to Rs 3,314 cr, revenue jumps 31%
Adani Ports Q1FY26 Results: The company reported a consolidated net profit of Rs 3,314.59 crore for the quarter ended June 2025, marking a 6.5% year-on-year increase. The company's revenue from operations also saw a significant jump, rising by 31.2% year-on-year to reach Rs 9,126.14 crore during the same period. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The Gautam Adani-owned Adani Ports and Special Economic Zone (Adani Ports) on Monday announced a 6.5% year-on-year (YoY) jump in its consolidated net profit at Rs 3,314.59 crore for the quarter ended June 2025. Meanwhile, its revenue from operations jumped 31.2% net profit is compared to Rs 3,112.83 crore posted during the same quarter of the previous fiscal year and is attributable to the shareholders of the the company's revenue from operations for the quarter stood at Rs 9,126.14 crore, versus Rs 6,956.32 crore posted in the year-ago Ports also registered a 13% YoY growth in its EBITDA, which stood at Rs 5,495 crore in Q1FY26, against Rs 4,848 crore in the first quarter of quarter's 21% revenue growth is anchored by extraordinary momentum in the company's logistics and marine businesses, which grew 2x and 2.9x, respectively, according to the company's press revenue doubled year-on-year to Rs 1,169 crore, compared to Rs 571 crore in the same period last year. This performance was driven by an accelerated ramp-up in both trucking and international freight network operations. The company also secured approvals for EXIM (export-import) operations across multiple Inland Container Depots (ICDs), including Virochan Nagar in Gujarat, Kishangarh in Rajasthan, and Malur in marine segment reported a 2.9x growth YoY, with revenue reaching Rs 541 crore, up from Rs 188 crore. The growth was supported by the operation of 118 vessels, indicating a sharp rise in marine activity and service company's port operations recorded a cargo volume of 121 million metric tonnes (MMT) in the latest quarter, up 11% from 109 MMT a year ago. This growth helped Adani Ports expand its domestic market share to 27.8%, an increase of 60 basis points over the previous a step towards strengthening its international footprint, the company commenced operations at a fully automated container terminal in Colombo Port and launched a new export terminal at Dhamra TO COME....
Time of India
05-08-2025
- Business
- Time of India
Adani Ports Q1 Results: Cons net profit rises 7% YoY to Rs 3,314 cr, revenue jumps 31%
The Gautam Adani-owned Adani Ports and Special Economic Zone (Adani Ports) on Monday announced a 6.5% year-on-year (YoY) jump in its consolidated net profit at Rs 3,314.59 crore for the quarter ended June 2025. Meanwhile, its revenue from operations jumped 31.2% YoY. The net profit is compared to Rs 3,112.83 crore posted during the same quarter of the previous fiscal year and is attributable to the shareholders of the company. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Undo Meanwhile, the company's revenue from operations for the quarter stood at Rs 9,126.14 crore, versus Rs 6,956.32 crore posted in the year-ago period. Adani Ports also registered a 13% YoY growth in its EBITDA, which stood at Rs 5,495 crore in Q1FY26, against Rs 4,848 crore in the first quarter of FY25. This quarter's 21% revenue growth is anchored by extraordinary momentum in the company's logistics and marine businesses, which grew 2x and 2.9x, respectively, according to the company's press release. Live Events Logistics revenue doubled year-on-year to Rs 1,169 crore, compared to Rs 571 crore in the same period last year. This performance was driven by an accelerated ramp-up in both trucking and international freight network operations. The company also secured approvals for EXIM (export-import) operations across multiple Inland Container Depots (ICDs), including Virochan Nagar in Gujarat, Kishangarh in Rajasthan, and Malur in Karnataka. The marine segment reported a 2.9x growth YoY, with revenue reaching Rs 541 crore, up from Rs 188 crore. The growth was supported by the operation of 118 vessels, indicating a sharp rise in marine activity and service expansion. The company's port operations recorded a cargo volume of 121 million metric tonnes (MMT) in the latest quarter, up 11% from 109 MMT a year ago. This growth helped Adani Ports expand its domestic market share to 27.8%, an increase of 60 basis points over the previous period. In a step towards strengthening its international footprint, the company commenced operations at a fully automated container terminal in Colombo Port and launched a new export terminal at Dhamra Port. MORE TO COME....
Hindustan Times
04-06-2025
- Business
- Hindustan Times
Dharavi redevpt: State tweaks norms for use of Kurla dairy land
MUMBAI: A year after allotting 8.5 hectares (21 acres) of the state-owned Mother Dairy plot in Kurla for rehousing residents of Dharavi who will not be eligible for in-situ housing once the slum goes in for redevelopment, the state government has granted several relaxations to the Special Purpose Vehicle (SPV) -- comprising government of Maharashtra's Dharavi Redevelopment Project (DRP) and the Gautam Adani-owned Navbharat Mega Developers Pvt. Ltd (NMDPL), formed in January 2024 to transform Dharavi -- to utilize the plot. The decision was taken in the state cabinet meeting on Tuesday. The major reliefs include allowing transfer of development rights (TDR) on the land in lieu of constructing housing for slum-dwellers following the provisions of 33 (10) (A) of Development Control and Promotion Regulations (DCPR) 2034, permission to develop commercial components and their sale in the open market, said people in the know. On June 14, 2024, the state government approved the transfer of the dairy plot for the project. The land was granted by charging only 25 percent of the ready reckoner rates on grounds that it was of vital public importance. The plot was granted under Occupancy Class II category of Maharashtra Land Revenue Code, which gives conditional ownership to the occupant – which means the occupant cannot sell the land or sub-lease to a third party. The plot however can be segmented and amalgamated by seeking prior permission from the state government. These conditions have now been relaxed, revealed insiders. 'The state government has made all the provisions under 33(10)(A) of the DCPR 2034 applicable to the plot,' a senior official told Hindustan Times. 'It has also allowed the SPV to load TDR on the plot and construct commercial components there for sale,' he added. 'To facilitate the implementation of the project, the terms and conditions in the earlier resolution (issued on June 14, 2024) and the draft agreement by the Mumbai suburban district collector have been approved for alignment with the policies of the housing and urban development department. This will help maximize the availability of housing for the rehabilitation of Dharavi residents,' stated a release issued by the chief ministers' office (CMO) on Tuesday. 'Around 8.5 lakh families will be rehabilitated under the redevelopment project, of them, 5 lakh eligible families will be rehabilitated within Dharavi itself. Additional land is required to rehabilitate the remaining 3.5 lakh families. The availability of land in Kurla will help make this process easier and more feasible,' it stated further. Dharavi spans 620 acres, of which 296 acres have been earmarked for redevelopment.
The Hindu
24-05-2025
- Politics
- The Hindu
Kozhikode DCC seeks judicial probe into ‘lapses' in NH construction
The Kozhikode District Congress Committee (DCC) has sought a judicial probe into the alleged lapses and contractual violations in the construction of the national highway in the district. DCC president K. Praveenkumar told the media on Saturday (May 24) that the Gautam Adani-owned company that won the contract for widening the 40.8-km stretch of the national highway from Azhiyur to Vengalam for ₹1,838.1 crore had sub-contracted it for ₹971 crore to another company. The Congress leader claimed that the Adani-owned company made ₹900 crore through the deal. He alleged that the national highway development had become a platform for generating profits for the Adani group. People were scared to travel on the newly built roads. The one constructed near Kunniyoramala in Koyilandy was on the verge of collapse. Cracks were noticed on the road at Thiruvangoor and Vengalam. Mr. Praveenkumar alleged that road development had become a symbol of corruption and loot. He demanded that cases be registered against contractors for lapses. The Congress would stage a protest outside the local office of the National Highways Authority of India (NHAI) at 10 a.m. on May 28 in support of this demand. Meanwhile, Mr. Praveenkumar said his party would approach the Kerala High Court against the alleged unscientific delimitation of local body wards in the district. He said tea shops were marked as boundaries of some wards, while avoiding natural boundaries. Some other wards had been merged in violation of the Panchayati Raj Act. This was evident in places such as Vanimel, Nadapuram, Maniyoor, and Thurayoor, he added.
Business Times
22-05-2025
- Business
- Business Times
Adani Ports gets about US$150 million loan from DBS
[MUMBAI] Adani Ports & Special Economic Zone raised about US$150 million through a bilateral loan agreement with DBS Group Holdings, according to people familiar with the matter, as the Indian conglomerate continues to restore lender confidence. The proceeds of the four-year dollar loan will be used for capital expenditure, the people said, asking not be identified because the information is private. The facility has been priced at about 200 basis points above the benchmark Secured Overnight Financing Rate, they said. The all-in-price, including the hedging cost, is about 5.5 per cent, one of the person said. DBS declined to comment. An Adani Group representative did not offer any immediate comments on the transaction. Billionaire Gautam Adani-owned conglomerate, with interests stretching from ports to green energy, is steadily regaining creditor confidence following a US Department of Justice indicted Adani over an alleged bribery plot in November. The bilateral loan is the group's first from a global bank since the indictment, one of the person said. Last month, the group raised about US$750 million through an offshore private placement bond to fund an acquisition of a construction firm. BlackRock subscribed to about a third of the issuance. Separately, the conglomerate is in talks with foreign banks including Barclays, First Abu Dhabi Bank and Standard Chartered Bank for a US$750 million loan for its airport unit. Representatives for Adani and his companies recently met US administration officials to discuss potentially dismissing criminal charges levied against him in the bribery probe, Bloomberg reported earlier this month. BLOOMBERG
