Adani Ports and Special Economic Zone (APSEZ) booked consolidated port volumes of 91 MMT (including Gangavaram) in the June 2022 quarter. Strong recovery in coal volumes is a prominent enabler for ports, followed by crude and containers. Volumes are likely to improve across all ports of APSEZ, reflecting in sequential revenue growth of 13.3%.
EBITDA margin is likely to improve amid higher operational efficiencies.
Profit After Tax (PAT) could grow 24.5% on a sequential basis.
Important management insights to watch out for:
- Recovery in global trade
- Volume ramp at recently acquired ports
|Rs. Million||June 2022 estimates||YoY change||QoQ change|
|Profit After Tax||15,549||5.2%||24.5%|
Source: Brokerage reports