Adani Ports Q4 Results Review - Inline Performance; Outlook Remains Bright: Motilal Oswal

"NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.Adani Ports and Special Economic Zone Ltd. reported a revenue growth of 19% YoY to Rs 68.9 billion in Q4 FY24 (in line). During the quarter, the company recorded 26% YoY growth in cargo volumes to reach 108.8 million metric tonne. Ebitda margin came in at 58.6% in Q4 FY24 versus our estimate of 59.4% (up 220 bp YoY, down 190 bp QoQ). While Ebitda grew 24% YoY to Rs 40.4 billion, adjusted profit after tax increased 11% YoY to Rs 22.9 billion (in line with our estimate). In Q4 FY24, port revenues rose 24% YoY to Rs 54.7 billion and Ebitda margins stood at 70% (flat YoY). Logistics revenues grew 5% YoY to Rs 5.6 billion and Ebitda margins stood at 18.7% (versus 24.8% in Q4 FY23).During FY24, revenue increased 28% YoY to Rs 267 billion, Ebitda grew 24% YoY to Rs 158.7 billion, and APAT stood at Rs 89 billion (+16% YoY). Adani Ports has declared a dividend of Rs 6 per share in FY24, with a total payout of Rs 13 billion. Adani Ports reported a robust FY24 by handling 420 mmt of cargo volume, surpassing the management’s revised cargo volume guidance of 400 mmt. Further, through debt reduction, Adani Ports has achieved a net debt-to-Ebitda ratio of 2.3 times versus 3.1 times in March 2023..Click on the attachment to read the full report:.Adani Ports Q4 Results: Profit Rises 77%; Revenue To Grow 16% In FY25.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Adani Ports Q4 Results Review - Inline Performance; Outlook Remains Bright: Motilal Oswal

Adani Ports surpasses cargo volume guidance in FY24, delivers three times of India’s cargo growth rate

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Adani Ports Q4 Results Review - Inline Performance; Outlook Remains Bright: Motilal Oswal

Adani Ports surpasses cargo volume guidance in FY24, delivers three times of India’s cargo growth rate

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