Adani Ports

The company posted a good set of numbers for Q3FY15. Net revenue of the company rose 49% (YoY) at Rs.1534 crore and though costs rose 43%, EBITDA for the quarter came in at Rs.936 crore, up 44%. Margin though dropped from 63.16% to 61.02%. After a forex gain of Rs.23 crore and interest outgo rising 75%, the company ended the quarter with a net profit at Rs.512 crore, up 14%.

In terms of segments, it has two verticals – the main bread earner which is ports and SEZ and it showed a 45% rise in topline and EBIT rose 58%. The other unit – which is clubbed as ‘Others’ includes logistics, transportation and utility business; it posted a loss at EBIT level.

During the quarter, its ports hand le d the largest eve r coal vessel of 207,000 DWT at its West Basin in Mundra. Consolidated cargo for Q3FY15 increased by 33% to 39 MMT. Adani Ports at Mundra handled 29 MMT cargo in Q3FY15 thereby continuing its leadership as the single largest commercial port of India.  

For 9MFY15, the company’s consolidated net profit was at Rs.1654 crore, up 37% and this is already 95% of FY14 net profit; with one more quarter to go, the company is sure to end the current fiscal on a much higher note.