Adani Ports & Special Economic Zone Ltd: Q2FY23 Result
22-11-2022

Adani Ports & Special Economic Zone Ltd

Market Cap 190,589Cr

CMP 882

P/E 35.8x

 

Results

INR Cr.

YoY Growth

Comments

Revenue        

5210.8

32.8%

Driven by 27% volume growth in ports

EBITDA

3260.3

31.3%

Margins at 62.6% declined from 63.8% on yearly basis, due to higher expenses

PAT

1677.5

68.5%

Lower base value due to higher forex losses

 

Check 10 year X-ray here

Key Highlights

  • Within the segments, container volumes grew 6.2%, while bulk volumes by 30.1% due to higher coal imports.
  • Company acquired Inland Container Depot (ICD) Tumb at Vapi, Ocean Sparkle (third party marine service provider) with over 60% market share and Gangavaram Port which is India's third largest private sector port.
  • Adani Port acquired 49.38% share in Indian Oil tanking Ltd (IOTL) for 1,050 Cr which is engaged in building, operation and maintenance of liquid storage tanks.

 

Management Outlook

  • Management expects coal volumes to remain high in H2FY23, and growth to remain stable in all segments.
  • Management guided on hedging and using foreign bonds to reduce volatility in forex gains/losses.
  • Management expects completion of the Haifa Port company in Israel, in few weeks.
  • Management guided on 4000 Cr capex in H2FY23 in port and logistics business.

 

Disclosure: MoneyWorks4me's employees may have exposure in the securities mentioned in the above report. For detailed disclosure click here.
© 2025 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.
Loading...
Hold on