Adani Ports Share

Adani Ports likely to report around 30% on-year rise in revenue. Adani Ports' Q3FY23 numbers would see the impact of lower volume and higher operating ...

“Higher on-year realizations and SEZ boost drives a 30% on-year growth in revenues. The company is also developing two transshipment ports at Vizhinjam, Kerala, and Colombo, Sri Lanka. “Underlying comparable volume growth will be low-to-mid-single-digit, impacted by weakness in country-level demand,” it said, adding that consolidation of Gangavaram port volumes from 2QFY23 yields a higher 15% on-year growth in volumes. EBITDA is expected to rise 24-28% on-year, and EBIT margin is likely to come in at 60-63% for the quarter. Analysts at Philip Capital have assumed an effective tax rate of 17% in the third quarter against 9% in the September quarter. Kotak Securities models 13% on-year improvement in comparable revenues, partly boosted by SEZ income.

Nomura sees operating margin at 55.6 percent in the quarter ended December.

After the recent fall in stock prices, Adani Ports is trading at 10 times FY2025 EV/EBITDA (enterprise value to EBITDA). It expects EBITDA (earnings before interest, tax, depreciation and amortisation) margins to improve sequentially led by lower forex losses and potentially lower share of coal volumes. Excluding forex losses, it expects margins to improve modestly on0-quarter. “This indicates market share loss given volumes for major ports rose 2.5 percent quarter on quarter.” On an on-quarter basis, sales could decline 8.8 percent and net profit could fall 1.8 percent. The foreign brokerage firm sees operating margin at 55.6 percent in the quarter ended December as compared to 55.5 percent in the previous quarter and 63.7 percent in the year ago quarter.

The stock rose even as global rating agency Standard and Poor's (S&P) on Friday revised the outlook on Adani Ports and Adani Electricity from 'stable' to ...

Global rating agency Standard and Poor’s (S&P) on Friday revised the outlook on APSEZ and Adani Electricity from ‘stable’ to ‘negative’. [CLICK HERE FOR RELEASE](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9a662159-0779-49fb-9748-639338154050.pdf) [Adani Ports](/topic/adani-ports) and Special Economic Zone (APSEZ) were trading higher for a second straight day with a gain of 6 per cent at Rs 529.35 on the BSE in Monday’s intra-day trade. The company is also developing two transshipment ports at Vizhinjam, Kerala and Colombo, Sri Lanka. It also accused the conglomerate of improper use of offshore tax havens, and flagged concerns about the group’s high debt. In comparison, the S&P BSE Sensex was down 0.48 per cent at 60,551.

Adani Transmission's revenue increased by 22% year on year to ₹3551.7 crore, owing to the operation of new transmission lines and a positive trend in ...

By Yifan Wang Adani Transmission Ltd.'s shares are higher in early trading after the Indian utilities company posted a jump in its quarterly profit, ...

Adani Power Ltd. Flagship company Adani Enterprises Ltd. and Adani Total Gas Ltd. was up 14% while Adani Ports & Special Economic Zone Ltd. short seller Hindenburg Research published a scathing report on the Adani Group on Jan. A higher close would mark its first share-price gain after four straight sessions of losses.

While S&P maintained the same rating for ATL as well as for Adani Electricity Mumbai, for sustainability linked bonds because of the volatility that currently ...

Since we have taken early position and we have already won some of those awards and have very good standing in some of the other tenders, we hope to continue that stride. We should be able to achieve a similar amount of capex in the year to come as well. So that has been the hallmark of this performance and therefore the liquidity position as well as the debt numbers continue to be at a very healthy level. Adani Transmission has always given guidance of the fact that we will achieve close to about Rs 5000 crore capex a year and we do that out of our internal accruals. We have always bettered that considering the fact that we could achieve because of our sort of a huge higher cash generation close to about 6000 crore each year. So we stay much lower than the numbers that we wish to achieve for our investment grade rating, which is at 5.5 ratio of net debt to EBITDA but we are still at 4.5 and we will continue to maintain lower than 4.5 that has been the management commitment and we have achieved that. Both at the distribution business as well as at the transmission business, the receivable position as well as the collection efficiency has been at a very high level. That has been the hallmark and we continue to achieve good growth as well as good fiscal numbers. In addition to that, the other factors in terms of the circuit kilometres added as also the million units that we delivered in the distribution business both increased and that led to a very good performance during the quarter. I want you to address the entire issue regarding the liquidity position and debt which were raised as part of the Hindenburg report. Both in our transmission as well as distribution business, the availability numbers were at the peak level as also it was outstanding in terms of the AT&C loss which was at an all-time low of 5.6%. What has really aided the good performance that we saw in the quarter gone by?

The stock, which had been struggling with intense selling pressure and had declined by more than 50% in the past two weeks, received a boost from two ...

Analysts said that Adani Ports is a strong candidate for purchasing the government's share in Container Corp, due to its aspirations for growth in logistics, complementary port services, and its strong financial position with low debt. However, the consolidation of Gangavaram port volumes from Q2 of the fiscal year 2023 is expected to result in a 15% year-on-year growth in volumes. The brokerage firm stated that growth in volume will be modest, with a low-to-mid single digit increase, as a result of weaker demand. The brokerage firm predicts that Adani Ports will secure Rs 5,000 crore worth of orders by the fiscal year 2025. This represents a 9.96% rise from the 25.1 MMT handled in December 2022. On Earnings, the firm has reduced its net debt by operating profit to 3.4% in FY22 from 4.4% in FY16. Nearly 62% of the Company’s capacity is on the west coast of India and 38% on the east coast. In a report on January 31, Credit Suisse upgraded the stock to "outperform" from "neutral", citing attractive valuations and a robust outlook for earnings growth. This is compared to the previous range of 10 to 16 times. Following the recent decline in stock prices, Adani Ports is now trading at an enterprise value-to-operating profit ratio of 10 based on the estimated enterprise value-to-operating profit for the fiscal year 2025. "Strong underlying business (178 MT volumes and 1H FY23 EBITDA of Rs65.5bn) with growth (Indian EXIM growth and company-specific share gains on incremental assets, etc.) provide downside support", the Credit Suisse report said. The stock, which had been struggling with intense selling pressure and had declined by more than 50% in the past two weeks, received a boost from two brokerage firms that upgraded their ratings.

Shares of Adani Enterprises and Adani Ports were among the top gainers in Tuesday's early deals as most of the Adani group stocks, including Adani ...

Revenue from operations, meanwhile, rose 17% year-on-year (YoY) to Rs 4786 crore for the quarter under review. It was Rs 4072 crore in the third quarter of ...

Port EBITDA grew 20% year-on-year (YoY) to Rs 9562 crore during the same period, on the back of strong improvement in realizations and cargo volume growth. [Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). Adani Ports has handled 252.9 MMT of cargo, with 8% YoY growth. For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) Adani Ports expects full-year revenue to be in the range of Rs 19,200-19,800 crore and EBIDTA at Rs 12,200-12,600 crore for FY23. The company reported an EBITDA (earnings before interest, tax, depreciation and amortisation) of Rs 3,011 crore for the October-December period, up 15%, compared with Rs 2,612 crore in the same quarter last year.