Adani Ports Q3 profit seen up 25%, cargo may grow 12-14%

Adani Ports' third quarter profit is seen rising 25 percent year-on-year to Rs 805 crore and revenue may increase 10 percent to Rs 1,887 crore, according to average of estimates of analysts polled by CNBC-TV18.

Operating profit during the quarter may grow 15 percent to Rs 1,228 crore and margin may expand 280 basis points to 65.1 percent compared with same quarter last fiscal.

Cargo business may grow by 12-14.2 percent year-on-year to 42-44 million tonnes due to strong growth in container cargo. Dhamra, Hazira, and Kandla ports are likely to witness strong traffic growth while growth rate at Mundra and Dahej ports is likely to remain subdued.

Key factors to watch out for would be management commentary on impact of demonetisation on EXIM cargo, volume growth (updates on Ennore and Vizhinjam ports) and balance sheet details (reversal of loans & advances).