Adani Ports & SEZ Q3: Profit Falls 16%; Topline, EBITDA Numbers & Guidances

  • Investing.com
  • Stock Market News
Adani Ports & SEZ Q3: Profit Falls 16%; Topline, EBITDA Numbers & Guidances
Credit: © Reuters.

By Malvika Gurung

Investing.com -- India’s largest private multi-port operator Adani Ports & Special Economic Zone (NS: APSE ) released its earnings results for the December quarter on Tuesday, witnessing a fall in bottomline numbers.

The Adani Group company’s consolidated net profit declined 16.04% to Rs 1,315.54 crore in the December quarter compared to Rs 1,567.01 crore in the year-ago period, while its revenue from operations rose 17.53% YoY to Rs 4,786.17 crore in the period.

The port operator’s EBITDA in the quarter increased by 15% YoY to Rs 3,011 crore and posted the highest-ever revenue and EBITDA over nine months.

The company expects its full-year revenue to be in the range of Rs 19,200-19,800 crore and EBITDA at Rs 12,200-12,600 crore for the current financial year 2022-23. It has also targeted the EBITDA for FY24 at Rs 14,500-15,000 crore.

“Besides an estimated capital expenditure of INR 4,000- 4,500 Cr, we are considering total loan repayment and prepayment of around Rs 5,000 Cr, which will significantly improve our Net Debt to EBITDA ratio and bring it closer to 2.5x by March 24,” said Karan Adani, the CEO & Whole Time Director of Adani Ports.

Shares of the company ended 1.41% higher at Rs 553.15 apiece, rallying 9.72% in the session on Tuesday.

Read Also: Adani Uptick! Key Triggers Driving Adani Stocks Higher on Tuesday

Add Chart to Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100
Please try another search
  • vinay prajapati @vinay prajapati
    target 60₹
    Like 0
  • SS MAGIC @SS MAGIC
    Target 250
    Like 6
    • Utkarsh Rai @Utkarsh Rai
      target 800
      Like 5

      • Comment Guidelines

      We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

      • Enrich the conversation
      • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
      • Be respectful. Even negative opinions can be framed positively and diplomatically.
      •  Use standard writing style. Include punctuation and upper and lower cases.
      • NOTE: Spam and/or promotional messages and links within a comment will be removed
      • Avoid profanity, slander or personal attacks directed at an author or another user.
      • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
      • Only English comments will be allowed.

      Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

      Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

      Error: File type not supported

      Drop an image here or

      100
      Please try another search

Related Articles