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Last Updated : Aug 09, 2016 10:45 AM IST | Source: CNBC-TV18

Adani Ports Q1 profit seen up 2%, Mundra Port volume may decline

Adani Ports' first quarter (April-June) consolidated profit may increase 2 percent year-on-year to Rs 653 crore and revenue is seen rising 3 percent to Rs 1,806 crore, according to average of estimates of analysts polled by CNBC-TV18.

 
 
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Adani Ports' first quarter (April-June) consolidated profit may increase 2 percent year-on-year to Rs 653 crore and revenue is seen rising 3 percent to Rs 1,806 crore, according to average of estimates of analysts polled by CNBC-TV18.


Operating profit may be flat at Rs 1,148 crore against Rs 1,145 crore but margin may contract to 63.6 percent from 65.5 percent on yearly basis.

Expectations
-Analysts expect cargo to remain flat YoY at 39.5 MT
-Slowdown may be in bulk cargo volumes
-Analysts expect 13 percent YoY growth in container cargo
-Crude cargo may remain flat
-Company can see volume decline at the Mundra Port
-Hazira with no exposure to coal may do well
-Balance sheet details, especially loans & advances to related parties and volume growth will be key things to watch out for

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First Published on Aug 9, 2016 10:45 am
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