Q2FY23 Preview: Adani Ports -; Special Economic Zone: Revenue seen at Rs43,489 million, PAT at Rs13,750 million

31 Oct 2022 , 07:14 AM

Result date: 1^st November, 2022
 
Adani Ports and Special Economic Zone (Adani Ports) is likely to post mixed set of numbers for the September 2022 quarter. While the performance is likely to be healthy when compared to the year-ago quarter, sequential show could be rather weak.

Adani Ports’ revenue growth is estimated to be in sync with cargo growth which was quite stable during the quarter (with some uptick at the beginning of the quarter). Revenue growth is pegged at 20.1% over the year-ago quarter.

Margins are likely to hold steady at ~65% even as port margins could come in at 70%.

The company’s Profit After Tax or PAT could grow ~19% during the quarter.

Important management insights to watch out for:
·         Outlook on cargo volumes
·         Margin drivers

Rs. Million	September 2022 estimates	QoQ change	YoY change
Revenue	43,489	(6.25)%	20.10%
EBITDA	27,661	(11.70)%	16.20%
Profit After Tax	13,750	(14.30)%	18.7%

Source: Brokerage Reports