💨 Abstract

India's Adani Ports and Special Economic Zone experienced a slower growth in cargo volumes during Q3, leading to a miss of profit estimates. This decline is attributed to a broader economic slowdown in India, impacting not only Adani Ports but also smaller rivals like JSW Infra. Consolidated net profit for the quarter increased by 14% to 25.20 billion rupees, but fell short of the average estimate of 26.

Courtesy: theprint.in

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