Adani Ports Shares Jump 8% on Strong Q3 Revenue, Profit Exceeds Estimates

• Adani Ports shares surged 8% on Monday, opening at Rs 1,477.20 and crossing Rs 1,520 after Q3 results.
• Consolidated profit increased year-on-year from Rs 2,520 crore to Rs 3,054 crore, though slightly below market estimates of Rs 3,310 crore.
• Consolidated revenue rose significantly from Rs 7,964 crore to Rs 9,708 crore, surpassing market estimates of Rs 9,550 crore.
• Strong revenue growth indicates robust performance in the port and logistics business.
• Despite profit being slightly below estimates, better-than-expected revenue maintained investor confidence, leading to increased buying.

Why It Matters: Adani Ports saw an 8% share jump driven by strong Q3 revenue and profit growth, boosting investor confidence.