|Adani Ports SEZ|
|Rs in Crore||Sep-20||Sep-19||YOY||Jun-20||QOQ|
|Diluted EPS (Rs)||6.83||5.09||3.73|
Key takeaways from the Sep-20 quarterly results
- Adani SEZ has increased its ports portfolio from 1 to 12 in a span of 20 years. It also owns around 13,000 hectares of land bank that can be used for future development and can be monetized at the appropriate time. Adani SEZ currently has 327MMT in the West Coast and 163MMT on the East Coast in terms of port capacity.
- Port volumes recorded 36% growth on a sequential basis and 7% on a yoy basis. The volumes of cargo are expected to increase sharply in the second half of the fiscal as the unlocking progressively picks up pace. Adani’s cargo market share has increased by 300 bps from 21% to 24%.
- To avoid cyclicality, the cargo capacity is equally diversified with 43% containers, 28% coal, 12% crude and the balance spread among other categories.