Adani Ports Q2 net may rise 49% at Rs 404 cr: P Lilladher
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.
October 25, 2013 / 11:18 IST
Prabhudas Lilladher has come out with its second quarter (July-September) earnings estimates for the offshore and ports sector. The brokerage house expects Adani Ports and Special Economic Zone to report a 3.2 percent degrowth quarter-on-quarter (up 46.7 percent Y-o-Y) in net profit at Rs 404.2 crore.
Revenues of Adani Ports and Special Economic Zone are expected to decrease by 8.3 percent Q-o-Q (up 29 percent Y-o-Y) to Rs 1,355 crore, according to Prabhudas Lilladher.Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 2 percent Q-o-Q (up 34.3 percent Y-o-Y) to Rs 899.8 crore.EBITDA margin or operating profit margin is likely to be at 66.4 percent in June quarter as against 62.1 percent in March quarter and 63.8 percent in a year ago period.Prabhudas Lilladher's Report on Adani Ports and Special Economic Zone:We expect a stable performance for the quarter with certain volume increases from crude, coal and container cargo. Dahej operations are also likely to be stable, while Hazira’s contribution is expected to increase. On a sequential basis, numbers are likely to weaken despite better volumes on account of the CT 3 transfer accounted for in Q1FY14.Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
