Adani Ports rose as much as 2% to a day high of Rs 1,676.70 on Wednesday, after the company reported its highest ever monthly cargo volume.

The port operator handled 50 million tonnes of cargo in August, up 19% from 41.9 million tonnes a year earlier.

This was its best single month on record, and it came from an operational update filed with the exchanges rather than a formal earnings release.

Growth was fairly broad based across segments. Dry cargo, which includes commodities like coal and iron ore, jumped 25% year on year, while container volumes grew 15%.

Rail logistics also picked up, with volumes touching 54,131 TEUs in August, up 6% from the previous month.

Looking at the wider financial year so far, Adani Ports has handled 234.4 million tonnes of cargo between April and August, up 16% from the same period last year.

Dry cargo and containers again led the way, growing 17% and 15% respectively. Rail logistics for the year to date, however, is down 33% at around 2.50 lakh TEUs, a segment the company will likely need to watch closely in the coming months.

The company has said this pace keeps it on track toward its longer term goal of handling 1 billion tonnes of cargo annually by FY31.

On the earnings front, Adani Ports’ June quarter revenue rose 18.6% to Rs 10,821 crore, while net profit grew 9.2% to Rs 3,620 crore compared to the same quarter last year.

Its EBITDA climbed 19% to Rs 6,540 crore, with margins improving slightly to 60.4%. For the full year, the company continues to guide for EBITDA of Rs 25,000 to 26,000 crore and revenue of Rs 43,000 to 45,000 crore.

As of 14:44 pm on September 2, Adani Ports shares were trading at Rs 1,675.20, up 1.68% for the day. The stock has gained about 13% since the start of the year.

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