Gautam Adani
Adani Ports and Special Economic Zone Limited, among the big companies of Adani Group, Gautam Adani has left his eldest. The special thing is that now he has been given a second post in the company. But he is not as big as he was in the big post. This decision has come up during the quarterly results of the company. If we talk about the quarterly results, then the company’s profits have increased by 6 percent. Let us also tell you what kind of news has come about Gautam Adani. Also how the company’s quarterly results have been.
The reins will be handled by Gautam Adani’s place
The APSED said in the information given to the stock market that on the basis of the recommendation of the nomination and the remuneration committee, the Board of Directors has approved Gautam Adani to be the executive chairman to the non-executive chairman. This change came into effect from August 5 and as a result it will not be the prominent managerial personnel of the company. The company has appointed Manish Kejriwal as Additional Director (Non-Executive, Independent) of the company for the early period of three years from August 5. For this, approval of shareholders will be required within three months. APSED is part of the globally diverse Adani Group. It has 15 ports in the country and four ports outside India.
Company quarterly results
Earlier, the integrated net profit of Adani Ports and Special Economic Zone Limited (APSEZ) increased to Rs 3,310.60 crore in the first quarter of the current financial year 2025-26. The company had a net profit of Rs 3,107.23 crore in the first (April-June) quarter of the company last financial year 2024-25. APSEZ reported to the stock market that its total income increased to Rs 9,422.18 crore in the quarter under review, which was Rs 8,054.18 crore in the same quarter a year ago. The company’s expenditure also increased from Rs 4,238.94 crore to Rs 5,731.88 crore on an annual basis.
Decline in company shares
However, on Tuesday, the company’s shares saw a decline. According to BSE data, the shares of Adani Ports and Special Economic Zone Limited closed at Rs 1357.55 on Tuesday at Rs 1357.55. Whereas during the business session, the company’s stock also reached the lower level of the day with Rs 1345.55. However, the company’s stock started with Rs 1390.45. The company’s stock closed at Rs 1390.60 a day earlier.