Archive · 30 Jul 2026
Adani Ports Meets Expectations; JSW, Concor Mixed Earnings
The article talks about how big Indian port companies did in the first quarter of 2024.
Adani Ports made more money than expected, while JSW Infrastructure earned more revenue but less profit.
Concor didn’t grow as much as people thought.
GMR Airports had the most passengers ever in a quarter, especially at Delhi Airport.
A brokerage firm, JM Financial, compared the results to what they had predicted and gave investors ideas about which companies might do well next.
Adani Ports met JM Financial’s revenue and profit expectations with 18.6% revenue growth and 10.2% profit increase.
JSW Infrastructure matched revenue forecasts (18.1% growth) but saw a 9.9% drop in net profit.
Concor’s earnings were flat, with revenue unchanged and net profit nearly unchanged from the previous year.
GMR Airports recorded its highest quarterly passenger traffic (30.22 million) driven by Delhi Airport traffic.
JM Financial still expects growth from Gujarat Pipavav, Aegis Logistics, and Aegis Vopak Terminals, noting LPG import impacts.
- Who
- Adani Ports, JSW Infrastructure, Concor, GMR Airports, JM Financial
- What
- June quarter earnings results and expectations for Indian port sector companies
- When
- June quarter 2024
- Where
- India
- Why
- To assess performance against brokerage forecasts and guide investment decisions
- Adani Ports revenue growth
- 18.6% YoY
- Adani Ports profit after tax
- 10.2% YoY
- JSW Infrastructure revenue growth
- 18.1% YoY
- Concor net profit
- flat YoY
- GMR Airports passenger traffic
- 30.22 million (record)
- Adani Ports EBITDA margin
- 4.38 pp increase