Adani Ports Q2 Review - Ready For Another Acquisition: ICICI Direct

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Direct Report.Lower coal offtake impacted Adani Ports and Special Economic Zone Ltd.'s performance vis-a-vis estimates.Revenues grew 22% YoY to Rs 3532 crore, led by volume growth of 22%  Ebitda margins remained range-bound at 62-63%. Subsequently, absolute Ebitda grew 19% to Rs 2207 crore. However, profit after tax de-grew 33% to Rs 933 crore due to an exceptional expense of Rs 405 crore (relates to retrospective capping of Service Exports from India Scheme income by Director General Of Foreign Trade.)Further Adani Ports, with its strong free cash flow generating assets, diversified cargo mix and overall leadership in Indian ports, continues to build its strength in other verticals such as rail logistics and warehousing, thereby building a complete integrated logistics solution for Exim and domestic customers..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Adani Ports Q2 Review - Ready For Another Acquisition: ICICI Direct

Adani Ports Q2 Review - Ready For Another Acquisition: ICICI Direct

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