Share price of multinational conglomerate Adani Ports and Special Economic Zones declined around four per cent on Wednesday, May 5, a day after the company announced its January-March quarter results for the financial year 2020-21. On Wednesday, Adani Ports opened on the BSE at Rs 775, witnessing an intra day high of Rs 779 and an intra day low of Rs 733, in the trading session so far. According to a regulatory filing by the port-to-energy conglomerate to the stock exchanges, Adani Ports reported a net profit of Rs 1,287.81 crore in the March quarter for the fiscal year 2020-21.
According to the fourth-quarter earnings, Adani Ports and Special Economic Zones reported a 285 per cent growth or a quadruple jump in net profit during the March quarter, compared to Rs 334.39 in the corresponding quarter last year.
On the NSE, Adani Ports opened at Rs 772, touching an intra day high of Rs 774.80, and an intra low of Rs 732.70, in the session so far. It was last trading 3.71 per cent lower at Rs 740.20 on the NSE.
Shares of Adani Ports were last trading 3.76 per cent lower at Rs 739.90 on the BSE.
