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Adani Enterprises is expected to report a healthy performance in the quarter ended December 2014. According to the average of estimates of analysts polled by CNBC-TV18, profit is likely to jump 359 percent year-on-year to Rs 312 crore during the quarter.
At a press confernce, APSEZ CEO Sudipta Bhattacharya said during the nine-month period, the company handled 800 mt cargo (29 percent higher YoY) while it broke through 2.1 million TEUs (20 percent higher)
Adani Ports & SEZ's third quarter consolidated profit after tax is expected to rise 16.1 percent year-on-year to Rs 523 crore, according to the average of estimates of analysts polled by CNBC-TV18.
Core operating profit (ex-forex) is seen going up 33.4 percent on yearly basis to Rs 973 crore and margin (ex-Forex) may expand 360 basis points to 67 percent in the quarter gone by.
B Ravi, CFO, Adani Ports & SEZ says there has been no drop in the port margins as such and it has been a very steady quarter on quarter.
The Adani group firm had reported a net profit of Rs 361.09 crore in the October-December period in the 2012-13 fiscal. Net sales of the company in Q3, 2013-14 were flat at Rs 1,034.04 crore, vis-a-vis Rs 1,032.27 crore in the year-ago period, the company said in a filing to the BSE.
Adani Ports and Special Economic Zone Ltd is set to report third-quarter earnings Monday. Investors will likely look for developments on the balance sheet to see if it has rolled back any of the slew of loans and advances (inter-corporate deposits) it has entered into.
According to Prabhudas Lilladher, Adani Ports and Special Economic Zone to report a 3.2 percent degrowth quarter-on-quarter (up 48.9 percent Y-o-Y) in net profit at Rs 404.2 crore.
According to KR Choksey, Adani Ports and Special Economic Zone to report a 4 percent degrowth quarter-on-quarter (up 10 percent Y-o-Y) in net profit at Rs 410 crore.
The capital goods' major, Larsen and Toubro has delivered better-than-expected Q2 earnings, given the current economic situation, says Lokesh Garg, associate director, Kotak Instituitional Equities.
High foreign currency debt is not a major concern for Adani Ports as it has a natural hedge due to marine and container income.
Parag Parikh ED & CFO, Gammon Infrastructure Projects, says that the company has posted cash profit of Rs 122 crore for nine months in FY13.
Adani Ports and Special Economic Zone is set to declare its first quarter results for the financial year 2012-13 today. Analysts on an average expect the profit after tax to grow by 22% year-on-year to Rs 309 crore during the quarter.
Adani Port and SEZ (erstwhile Mundra Ports and SEZ) is expected to report a profit after tax of Rs 312 crore in the October-December quarter of FY12, a growth of 37% as compared to Rs 228 crore in the corresponding quarter of last fiscal.
KRChoksey has come with its December quarterly earning estimates for Shipping & Logistics sector. According to the research firm, for Q3FY12, average realizations are expected to remain high due to favorable product mix owing to high realization fertilizer cargo handled in the quarter.
Mundra Port SEZ is expected to report a profit after tax of Rs 266 crore in the second quarter of FY12, a growth of 26% as compared to Rs 212 crore in a year ago period.
Prabhudas Lilladher has come out with its earning estimates on Offshore, Ports & Shipbuilding sector for the quarter ended September 2011. According to the research firm, Mundra Port & Sez September quarter net sales are expected to go up by 32.8% at Rs 549 crore, year-on-year, (YoY) basis.
Mundra Port SEZ is to announce its first quarter results. According to CNBC-TV18's its estimates, the company's Q1FY12 standalone total income is seen up 32% at Rs 547 crore versus Rs 415.65 crore, year-on-year, (YoY).
Prabhudas Lilladher has come out with its earning estimates on Offshore, Ports & Shipbuilding sector for the quarter ended June 2011. According to the research firm, Mundra Port & SEZ June quarter sales are expected to go up by 14.3% at Rs 475 crore, year-on-year, (YoY) basis.
Prabhudas Lilladher has come out with its earning estimates on offshore, ports & shipbuilding sector for the quarter ended March 2011. According to the research firm, Mundra Port & SEZ March quarter net sales are expected to go up by 20.1% at Rs 505 crore, year-on-year, (YoY) basis.
KRChoksey has come out with its earning estimates on Shipping & Logistics sector for the quarter ended March 2011. According to the research firm, Mundra Port March quarter sales are expected to go up by 17% at Rs 493 crore, year-on-year, (YoY) basis.
KRChoksey has come out with its earning estimates on Infrastructure sector for the quarter ended March 2011. According to the research firm, Mundra Port March quarter sales are expected to go up by 17% at Rs 493 crore, year-on-year, (YoY) basis.
The company's container volumes at its own terminals witnessed about 44% growth. And the company aims to maintain this kind of growth because overall the container segment has been increasing, said B Ravi, chief financial officer of Mundra Port & SEZ.
Talking about the numbers in his address to the press, Mundra Port and SEZ's CEO B Ravi said, "On the cargo front, we have again posted good growth of 26%. Volumes too grew to 12.14 million tonne from 9.8 million tonne. The growth has been possible because of cargo on coal and container fronts."