Adani Ports reports 285% y-o-y surge at Rs 1,288 cr in Q4
PORTS & SHIPPING

Adani Ports reports 285% y-o-y surge at Rs 1,288 cr in Q4

Adani Ports and Special Economic Zone (APSEZ) has reported a 285% year-on-year (y-o-y) surge in consolidated net profit for the March quarter at Rs 1,287.81 crore.

APSEZ had posted a profit of Rs 334.39 crore in the same quarter last year. Operating revenue for the company increased 24% to Rs 3,608 crore from Rs 2,921 crore in the same quarter last year. Consolidated operating EBITDA advanced 39% to Rs 2,287 crore.

The company told the media it handled 73 million metric tonnes (mmt) of cargo in the March quarter, up 27% y-o-y. This includes data from Krishnapatnam Port, which was acquired in October 2020 that handled 20 mmt.

Based on the company's internal estimates, APSEZ said in FY22 its guided cargo volume to be in the range of 310-320 mmt, including 10 mmt of Gangavaram port in Q4 FY22.

Consolidated revenue was in the range of Rs 16,000 crore to Rs 16,800 crore, consolidated EBITDA in the range of Rs 10,200 crore to Rs 10.700 crore and free cash flow in the range of Rs 5,500 crore to Rs 6,000 crore, Chairman Gautam Adani told the media.

APSEZ is set to become a truly integrated transport and logistics utility and achieve 500 mmt of cargo throughput and ROCE to be in excess of 20% by FY25.

In FY21, the total operating revenue grew by 6%, from Rs 11,873 crore in FY20 to Rs 12,550 crore. Port revenue increased by 12% to Rs 10,739 crore on account of 11% growth in cargo. Revenues from the logistics business was at Rs 958 crore.

Image Source


Also read: Adani to acquire 58% stake in Gangavaram port

Also read: Adani Ports market cap crosses Rs 1 trillion mark

Adani Ports and Special Economic Zone (APSEZ) has reported a 285% year-on-year (y-o-y) surge in consolidated net profit for the March quarter at Rs 1,287.81 crore. APSEZ had posted a profit of Rs 334.39 crore in the same quarter last year. Operating revenue for the company increased 24% to Rs 3,608 crore from Rs 2,921 crore in the same quarter last year. Consolidated operating EBITDA advanced 39% to Rs 2,287 crore. The company told the media it handled 73 million metric tonnes (mmt) of cargo in the March quarter, up 27% y-o-y. This includes data from Krishnapatnam Port, which was acquired in October 2020 that handled 20 mmt. Based on the company's internal estimates, APSEZ said in FY22 its guided cargo volume to be in the range of 310-320 mmt, including 10 mmt of Gangavaram port in Q4 FY22. Consolidated revenue was in the range of Rs 16,000 crore to Rs 16,800 crore, consolidated EBITDA in the range of Rs 10,200 crore to Rs 10.700 crore and free cash flow in the range of Rs 5,500 crore to Rs 6,000 crore, Chairman Gautam Adani told the media. APSEZ is set to become a truly integrated transport and logistics utility and achieve 500 mmt of cargo throughput and ROCE to be in excess of 20% by FY25. In FY21, the total operating revenue grew by 6%, from Rs 11,873 crore in FY20 to Rs 12,550 crore. Port revenue increased by 12% to Rs 10,739 crore on account of 11% growth in cargo. Revenues from the logistics business was at Rs 958 crore. Image SourceAlso read: Adani to acquire 58% stake in Gangavaram port Also read: Adani Ports market cap crosses Rs 1 trillion mark

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000