Adani Ports Q3 Results Updates, Adani Ports on Tuesday reported a 16% fall in consolidated net profit at Rs 1,315 crore for the three months ended December 2022. The same was Rs 1,567 crore in the corresponding period of last year.
Revenue from operations, meanwhile, rose 17% year-on-year (YoY) to Rs 4,786 crore for the quarter under review. It was Rs 4,072 crore in the third quarter of last year.
The company reported an EBITDA (earnings before interest, tax, depreciation and amortisation) of Rs 3,011 crore for the October-December period, up 15%, compared with Rs 2,612 crore in the same quarter last year.
Adani Ports expects full-year revenue to be in the range of Rs 19,200-19,800 crore and EBIDTA at Rs 12,200-12,600 crore for FY23.
“With the highest ever revenue and EBITDA over a nine-month period, ASPEZ is well placed to achieve the upper end of its full-year revenue and EBITDA guidance provided for FY23,” said Karan Adani, CEO and Whole Time Director, Adani Ports and Special Economic Zone.
“Besides an estimated capital expenditure of Rs 4,000-4,500 crore, we are considering total loan repayment and prepayment of around Rs 5,000 crore, which will significantly improve our Net Debt to EBITDA ratio and bring it closer to 2.5x by March 24,” Karan Adani said.
During the nine-month period that ended December, Adani Ports handled 24% of the country’s total cargo. Port EBITDA grew 20% year-on-year (YoY) to Rs 9562 crore during the same period.
Adani Ports Q3 Results : Financial Reports Comparisons
Comparison of profit and loss statements on quarter and quarter basis.
| Dec 2021 | Sep 2022 | Dec 2022 | |
| Revenue | 3,797 | 5,211 | 4,786 |
| EBITDA | 1,738 | 2,406 | 3,011 |
| Net Profit | 1,472 | 1,677 | 1,315 |
Adani Ports Business Overview
Adani Ports and Special Economic Zone Limited formerly known as Mundra Port and Special Economic Zone Limited, is an Indian port operator. APSEZ represents a large network of ports with India’s largest SEZ at Mundra. APSEZ is India’s largest private port operator with presence across 12 locations.
The company commenced operations at Mundra Port and currently operates 10 ports in India comprising 45 berths and 14 terminals across 6 states.
The Co. intends to become the world’s largest private port company and India’s largest integrated transport utility by 2030.
The company intends to emerge as a one-point customer-centric transport utility across ports and hinterland with a pan-India integrated logistics presence. It will expand its logistics portfolio into rail, logistics parks, warehouses, cold-storage, air freight stations, grain silos, inland waterways and trucking.
Spanning over an area of 15,000 hectares, located on the Western coast of India’s Gulf of Kachchh, in the vibrant, industrialised and investor friendly state of Gujarat, Mundra
Economic Hub is the gateway for Indian exports and imports. mundra has accrued advantages of an efficient private seaport, logistical connectivity, economic benefits and allied infrastructure.
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