Adani Group Mundra port of Adani Energy Solution and Adani Ports and Special Economic Zone Limited (APSEZ), among the companies of Gautam Adani, has earned bumper profits. The company informed the stock market that the integrated net profit of Adani Energy Solutions has increased by 46 percent to Rs 284 crore in the July-September quarter of the current financial year 2023-24.
Mundra Port, the flagship of Gautam Adani’s Adani Ports and Special Economic Zone Limited, has set a new record in October. The company has handled 1.61 crore tonnes of cargo. This is the highest figure for cargo handled by any port in India so far.
APSEZ said in a statement that Mundra Port, the country’s largest port, crossed the 100 million tonne mark in 210 days, surpassing last year’s record of 231 days. According to the statement, Mundra saw a 10 percent year-on-year growth in containers and 14 percent growth in liquids and gases.
It achieved another milestone of handling 42 lakh TEU (twenty foot equivalent unit) containers in just 203 days, which was achieved in 225 days in the last financial year. According to the statement, the port has set a target of 200 million tonnes of transportation in the financial year 2024-25. Given its ability to maintain deep draft, Mundra Port is well equipped to handle large vessels.
However, earlier some companies of Adani Group had to suffer losses in this quarter. FMCG sector company Adani Wilmar is also included in this. The company had incurred a loss of Rs 131 crore in the July-September quarter, whereas at the same time last year the company had earned a profit of about Rs 49 crore. Whereas, in the June 2023 quarter of the same year, the company had suffered a net loss of ₹ 78.92 crore.
This simply means that the company’s loss has increased by 65.6 percent. Meanwhile, news is coming that Gautam Adani may soon sell his shares in the company. After this, there is a continuous decline in the company’s shares.