Adani Ports and Special Economic Zone Ltd is set to report third-quarter earnings Monday. Investors will likely look for developments on the balance sheet to see if it has rolled back any of the slew of loans and advances (inter-corporate deposits) it has entered into.
A consensus of Dalal Street analysts expects standalone total income to rise 6.1 percent year-on-year, from 892 crore to Rs 947 crore. Net profit is seen rising 2.4 percent at Rs 426 crore, versus Rs 415 crore in the third quarter.
Also read: HC orders suspension of activity at 12 Adani SEZ units
Analysts expect standalone cargo growth at 18 percent year-on-year at 25 million tonne, led by coal, fertilizer and container segments, while volume growth (up 18-20 percent) will likely drive results for the port business.
The stock is generally very volatile on earnings day with swings ranging between 8-12 percent respectively. The stock rallied 12 percent on first-quarter result day.
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