On track to surpass FY24 volume guidance; positive development at group level to support

Company
12 Dec 2023
5 Min read 
  • Adani Ports & SEZ (APSEZ) is on track to surpass its FY24 volume guidance.
  •  Positive development at the group level supports the company's stock.
  •  APSEZ recorded a cargo value of 36MMT in Nov23, with a YoY growth of 42%.
  •  The company is focused on increasing the share of containers in its overall cargo mix.
  •  APSEZ is expected to register a 16% volume growth over FY23-25.
  •  The company's financials show a strong revenue and EBITDA growth.
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