Highlights - Lower revenue and profits in Q4FY20 - Movement of cargo, lower volumes and realisations key concerns - Utilisation could drop and receivables cycle could extend - Fiscal 2021 could suffer, recovery possible in FY22 - Valuations stretched at 15 times FY22 earnings Port operators such as Adani Ports & SEZ have suffered a double whammy because of the domestic lockdown as well as uncertainties about the Exim trade in light of the pandemic. The covid-19 hit During the March quarter, the company reported close to...
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