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Last Updated : Oct 24, 2013 07:05 PM IST | Source: Moneycontrol.com

Adani Ports Q2 PAT seen up 10% at Rs 410 cr: KR Choksey

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.

 
 
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KR Choksey has come out with its second quarter (July-September) earnings estimates for the shipping & logistics sector. The brokerage house expects 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.


Revenues of Adani Ports and Special Economic Zone are expected to be up 30 percent Y-o-Y to Rs 993 crore, according to KR Choksey.


Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 1 percent Q-o-Q (up 31 percent Y-o-Y) to Rs 725 crore.


EBITDA margin or operating profit margin is likely to be at 73 percent in June quarter as against 74 percent in March quarter and 72 percent in a year ago period.


KR Choksey's Report on Adani Ports and Special Economic Zone:


APSEZ is expected to handle 25.75 MT cargo with blended realization of Rs 348/ tonne. Higher realizations will help to grow EBITDA


Expect margins in the range of 70 percent-75 percent.


Impact on net margins due to higher interest cost

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.



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First Published on Oct 24, 2013 07:05 pm
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