Adani Ports & SEZ Q3 PAT seen up 37% at Rs 312 cr

Adani Ports 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.

Total income is seen going up by 44% to Rs 650 crore from Rs 451 crore year-on-year.

EBITDA is likely to go up by 42% to Rs 439 crore from Rs 310 crore during the same period.

Operating profit margin is expected to be at 67.48% in the quarter ended December FY12 versus 68.72% in a year ago period.

Expectations

- Revenue growth led by volume growth, especially coal, fertilizer, container

- Expect full year port volumes to be around 73 million tonnes versus 53 million tonnes in FY11

- Land monetization at SEZ to be a key monitorable