Centrum Broking: Adani Ports’ Strong All Round Q2 Performance; Guidance Upbeat 
Adani’s Mundra port. (Photo: Company website)

Centrum Broking: Adani Ports’ Strong All Round Q2 Performance; Guidance Upbeat 

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.

Centrum Broking Report

Adani Ports and Special Economic Zone Ltd. reported strong performance in Q2 FY21 on all counts – cargo growth, margins and cash flows.

Profit after tax grew 31.6% YoY to Rs 13.9 billion (estimate Rs 14.7 billion) with growth also aided by forex mark-to-market gain of Rs 4.5 billion (mark-to-market loss of Rs 4.8 billion PY).

Cargo grew 6.8% yoy to 56.2 million tonne with growth aided by crude and non-coal bulk cargo while coal and container cargo grew 4-4.5% YoY.

Click on the attachment to read the full report:

Centrum Broking Adani Ports SEZ Q2FY21 Result Update .pdf

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