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.
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
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