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Last Updated : Nov 10, 2014 10:46 AM IST | Source: CNBC-TV18

Adani Ports Q2 profit may surge 54.8% to Rs 529 cr

Core operating profit (ex-forex) is seen going up 33.4 percent on yearly basis to Rs 973 crore and margin (ex-Forex) may expand 360 basis points to 67 percent in the quarter gone by.

 
 
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Adani Ports & Special Economic Zone, which will announce quarter earnings today, is expected to report a 54.8 percent growth in consolidated profit at Rs 529 crore in September quarter compared to Rs 342 crore in the year-ago period, according to the average of estimates of analysts polled by CNBC-TV18.


Total income from operations may grow 26.3 percent to Rs 1,452 crore in the quarter ended September 2014 compared to Rs 1,150 crore in same quarter last year.


Core operating profit (ex-forex) is seen going up 33.4 percent on yearly basis to Rs 973 crore and margin (ex-Forex) may expand 360 basis points to 67 percent in the quarter gone by.

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Expectations


Flagship Mundra Port may continue to post 22 percent Y-o-Y growth in volumes and steady margins


Other ports like Dahej and Hazira may also clock uptick in volumes and profitability


Further, Dhamra may be consolidated from September quarter, which may boost topline with marginal impact on profitability


Analystss see 35 percent growth in volumes due to consolidation of volumes from Dhamra Port and 8 percent increase in net blended realization

Interest costs may edge lower in September quarter



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First Published on Nov 10, 2014 10:46 am
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