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Adani Ports Board of Directors has recommended a dividend of 250 per cent – Business News India

Adani Ports and Special Economic Zone (SEZ), a subsidiary of the Adani Group, is preparing to present a gift to its investors. The board of directors of the company has recommended a dividend of 250 per cent (Rs 5 per share) on each share of nominal value of Rs 2 for the fiscal year 2021-22. Shares of Adani Ports are currently trading at Rs 714.25 with a 5 per cent drop on the Bombay Stock Exchange on Wednesday.

Quarterly profit of Rs 1024 crore
Adani Ports reported a net profit of Rs 1,024 crore for the January-March 2022 quarter. This is 21 per cent lower than the same period last year. The company made a profit of Rs 1,321 crore in the March quarter of last year. However, the company’s revenue increased by 6% to Rs 3,845 crore. While EBITDA declined by 19 per cent to Rs.1858.8 crore. The company says it achieved a total freight volume of 312 million metric tons, registering a growth of 26 percent year-on-year.

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The company’s stock has generated a return of 286% since inception
Shares of Adani Ports and Special Economic Zone have given negative returns of 3 percent so far this year to investors. At the same time, the company’s stock gave a negative 6.5 percent return last year. The company’s shares have given returns of more than 105 percent to investors in the past five years. Shares of Adani Ports stood at Rs 346.95 on the Bombay Stock Exchange on May 26, 2017. The shares of the company are trading at Rs 714.25 on May 25, 2022. The shares of the company have generated returns of over 286 per cent since its inception.

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