Adani Ports Shares Surge for Second Day, Q3 Net Profit Jumps 21.2%

• Adani Ports shares extended gains for the second consecutive day on Tuesday, February 17.
• The stock was trading 1.3% up at ₹1,560.9 apiece, recovering after four declining sessions.
• Q3 net profit increased 21.2% to ₹3,053.6 crore, with revenue up 22% to ₹9,704.5 crore.
• EBITDA rose 20.5% to ₹5,785 crore, though the margin contracted slightly to 59.6%.
• Adani Ports projects ₹65,500 crore revenue and ₹36,500 crore EBITDA by FY29.