Latest news with #InlandContainerDepots
Time of India
2 days ago
- Business
- Time of India
Dhar becomes top exporting district in MP
Indore: The industrial town of Dhar has become top exporting district in Madhya Pradesh, surpassing Indore, which had held the position for years. This shift was primarily driven by an increase in new industries and strong overseas shipments in garments and textiles. In financial year 2024-25, Dhar accounted for a 26.93 percent share of the state's export basket, according to an export analysis report by Federation of Indian Export Organisations (FIEO). Indore followed with a 20.39 percent share, while Raisen held 10.97 percent. Madhya Pradesh's merchandise exports reached Rs 66,218 crore, contributing to the state's highest-ever total exports of Rs 70,256 crore in FY 2024-25. This included Rs 4,038 crore from information technology exports in Special Economic Zones (SEZ). Exports from Dhar stood at Rs 17,830 crore, marking a 61.73 percent increase from the previous fiscal, significantly higher than Indore's Rs 13,500 crore, as per FIEO's analysis. Indore maintained the second position with Rs 13,500 crore, followed by Raisen at Rs 7,264 crore in FY 2024-25. "Dhar has emerged as a sought-after industrial belt, buoyed by its air connectivity and proximity to cargo services. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Access all TV channels anywhere, anytime Techno Mag Learn More Undo by Taboola by Taboola The availability of land has further attracted new anchor units, positioning Dhar as a premier destination for various industries," Pithampur Audhyogik Sangathan president Gautam Kothari said. Over the past year, Madhya Pradesh Western Region Electricity Distribution Company provided 110 new high-tension electricity connections to industries in Dhar. The district is home to state's largest industrial belt, Pithampur, and the SEZ, which collectively host major manufacturing units such as Pratibha Syntex Ltd, VE Commercial Vehicles Ltd, Cipla, Eicher Trucks and Buses, and Mahindra 2-Wheelers. "We have seen a year-on-year jump in exports as demand is firm. This has further supported our decision to expand our presence in the state, and we have decided to invest around Rs 10,000 crore in new industrial parcels in Dhar and Ratlam. The decision was taken after analysing the recently launched policies by the MP govt which are friendly for industries," Dinesh Mishra, a senior executive from a films and foil industry in the SEZ, said. The Indore-Dhar-Dewas region collectively contributed around 53 percent to Madhya Pradesh's record merchandise exports of Rs 66,218 crore during FY 2024-25. Suvidh Shah, additional director general at FIEO's market research development division, highlighted the factors behind Dhar's growth. "The improvement in entrepreneurial ecosystem, availability of labour, and proximity to Inland Container Depots and ports have been pivotal in driving the dramatic increase in exports, particularly in the garment and textile sector." Ujjain contributed 3.46 percent to the state's total exports, achieving a historic milestone with exports reaching Rs 2,288 crore in FY 2024-25. "This unprecedented growth reflects the district's rising industrial capabilities and its expanding footprint in key export sectors like agro-based products, food processing, engineering components, and textiles," Shah said.
Economic Times
3 days ago
- Business
- Economic Times
Adani Ports shares in focus after Q1 profit rises 7% YoY. Should you stay invested?
Adani Ports' net profit increased to Rs 3,314.59 crore. This rise is due to strong revenue growth. Revenue from operations also saw a jump. Logistics and marine businesses showed extraordinary momentum. Cargo volume reached 121 million metric tonnes. Motilal Oswal and Avendus have retained a 'Buy' rating for Adani Ports. They project continued growth in cargo volumes, revenue, and EBITDA. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Motilal Oswal Avendus Shares of Adani Ports and Special Economic Zone Adani Ports ) will be in focus on Wednesday after the company reported a 6.5% year-on-year rise in consolidated net profit to Rs 3,314.59 crore for the June quarter of FY26, supported by strong revenue from operations jumped 31.2% YoY to Rs 9,126.14 crore, up from Rs 6,956.32 crore in the same period last year. EBITDA for the quarter rose 13% YoY to Rs 5,495 crore, compared to Rs 4,848 crore in 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 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 Oswal has retained its 'Buy' rating on Adani Ports with a target price of Rs 1, noted that Q1 performance was slightly ahead of expectations, with continued focus on integrated transport utility brokerage expects cargo volumes to grow at a 10% CAGR over FY25–27, while revenue, EBITDA, and PAT are projected to grow at 16%, 16%, and 21% CAGR, respectively. Management has guided for cargo handling of 505–515 MMT in FY26. Financials remain strong with Rs 16,900 crore in cash and net debt/EBITDA at has also maintained a 'Buy' rating, raising the target price to Rs 1,550 from Rs 1, expects cargo volumes to grow at 14% CAGR over FY25–27, factoring in the NQXT acquisition in Australia. The Colombo greenfield port project is expected to support growth from FY26. EBITDA margins are likely to improve on the back of tariff hikes and cost efficiencies, with EBITDA CAGR projected at 17% for FY25–27. The stock is valued at 16x EV/EBITDA on FY27 estimates.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
3 days ago
- Business
- Time of India
Adani Ports shares in focus after Q1 profit rises 7% YoY. Should you stay invested?
Adani Ports' net profit increased to Rs 3,314.59 crore. This rise is due to strong revenue growth. Revenue from operations also saw a jump. Logistics and marine businesses showed extraordinary momentum. Cargo volume reached 121 million metric tonnes. Motilal Oswal and Avendus have retained a 'Buy' rating for Adani Ports. They project continued growth in cargo volumes, revenue, and EBITDA. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Motilal Oswal Avendus Shares of Adani Ports and Special Economic Zone Adani Ports ) will be in focus on Wednesday after the company reported a 6.5% year-on-year rise in consolidated net profit to Rs 3,314.59 crore for the June quarter of FY26, supported by strong revenue from operations jumped 31.2% YoY to Rs 9,126.14 crore, up from Rs 6,956.32 crore in the same period last year. EBITDA for the quarter rose 13% YoY to Rs 5,495 crore, compared to Rs 4,848 crore in 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 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 Oswal has retained its 'Buy' rating on Adani Ports with a target price of Rs 1, noted that Q1 performance was slightly ahead of expectations, with continued focus on integrated transport utility brokerage expects cargo volumes to grow at a 10% CAGR over FY25–27, while revenue, EBITDA, and PAT are projected to grow at 16%, 16%, and 21% CAGR, respectively. Management has guided for cargo handling of 505–515 MMT in FY26. Financials remain strong with Rs 16,900 crore in cash and net debt/EBITDA at has also maintained a 'Buy' rating, raising the target price to Rs 1,550 from Rs 1, expects cargo volumes to grow at 14% CAGR over FY25–27, factoring in the NQXT acquisition in Australia. The Colombo greenfield port project is expected to support growth from FY26. EBITDA margins are likely to improve on the back of tariff hikes and cost efficiencies, with EBITDA CAGR projected at 17% for FY25–27. The stock is valued at 16x EV/EBITDA on FY27 estimates.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
4 days ago
- 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....
Indian Express
20-06-2025
- Business
- Indian Express
Sitharaman calls for speedy closure of investigations, easier GST registration process
Union Finance Minister Nirmala Sitharaman on Friday called for speedy closure of investigations, measures to prevent tax evasion and wrongful input tax credit claims, and underlined the need to make the 'GST registration process easier, seamless, and more transparent' for taxpayers. Chairing a conclave with senior field officers from Customs, Goods and Services Tax (GST) and Central Board of Indirect Taxes and Customs (CBIC), she also stressed on the need for zone-specific action plans to improve upon various parameters such as GST registration, processing of refunds, and handling taxpayers' grievances. The wide-scale evasion under the GST regime, the need to reduce the gap between detection and recovery during investigations featured as the key discussion points in the meeting of officers from the Central. More technology-linked and risk-based compliance measures were also stressed upon during the meeting, officials said. As per the Ministry, GST audit coverage rose to 88.74 per cent in FY 2024-25. Detected GST evasion stood at Rs 2.23 lakh crore in FY25, with voluntary payments totalling at Rs 28,909 crore. Customs and GST officers were asked to undertake analysis on detection and recovery and to seek solutions to reduce the gap between detection and recovery, a statement from the Ministry of Finance said. 'The CBIC was urged by the Finance Minister to expedite the processing of GST and Customs refunds to ensure timely redressal and ease of doing business, especially for MSMEs and exporters,' it said. Officers have been urged to reduce dwell time at seaports, airports, and Inland Container Depots (ICDs) for both imports and exports, with emphasis on faster cargo clearance. The Union Finance Minister also directed the central GST formations to launch targeted awareness campaigns among taxpayers, trade associations, and industry bodies about mandatory documentation required for GST registration, particularly those related to the principal place of business. 'This, the Union Finance Minister emphasised, would help reduce rejections and delays in registration and enable faster processing of applications,' the statement said. Ahead of the conclave, field officers were asked to submit details regarding pending refunds, investigations, adjudications, litigation along with the number of frauds and recoveries. In a series of missives sent to the field officers last week, the CBIC and CBDT had sought detailed information regarding the pendency claims, pending refunds, frauds, investigations and the cases stuck in litigation. The Central Board of Direct Taxes (CBDT) will host a similar session with its field officers on June 23. Aanchal Magazine is Senior Assistant Editor with The Indian Express and reports on the macro economy and fiscal policy, with a special focus on economic science, labour trends, taxation and revenue metrics. With over 13 years of newsroom experience, she has also reported in detail on macroeconomic data such as trends and policy actions related to inflation, GDP growth and fiscal arithmetic. Interested in the history of her homeland, Kashmir, she likes to read about its culture and tradition in her spare time, along with trying to map the journeys of displacement from there. ... Read More
