Adani Ports posts quarterly profit rise on cargo volume growth

The company operates 15 domestic ports and terminals, and four international ones - including one in Haifa, a major port city in Israel.

The Haifa port clocked highest quarterly revenue and operating core profits since the group acquired and privatised it in 2022, Adani Ports said.

A 12-day-long conflict between Iran and Israel in June had many ships avoiding West Asia and rerouting through a longer route around the southern tip of Africa, lifting volumes at major Indian ports by six per cent, ElaraCapital said.