Adani ports share hits 3% is it Good To buy in 2023

Adani ports share hits 3% is it Good To buy in 2023.

Improved business outlook lifts Adani Ports’ stock by 3%.

As a result of revenue growth in the ports and logistics businesses, the company reported a record EBITDA of Rs 3,005 crore in Q1FY23.

Adani Port News

Adani port news, A new high of Rs 934 was achieved by the shares of Adani Ports Special Economic Zone (APSEZ) on the BSE on Monday. On the back of an improved business outlook and strong earnings in the June quarter of the current fiscal year (Q1FY23), the stock has soared 10% in the past one week, and 19% in the past month. Adani ports share, Comparatively, the S&P BSE Sensex increased by one percent.

With record cargo volume and the highest quarterly EBITDA in APSEZ’s history, Q1FY23 was the company’s strongest quarter ever. On the back of revenue growth in the ports and logistics business, the company reported a record EBITDA of Rs 3,005 crore.

During the first 99 days of the FY23, the company recorded 100 MMT of cargo through-put. Adani ports share, This feat was never achieved before by the company. Although the company’s consolidated revenue (excluding Gangavaram) declined by Rs 725 crore last year, its consolidated revenue (excluding Gangavaram) was almost flat, the company said.

In the coming months, two new terminals will be commissioned by APSEZ, accelerating the growth story. As of September 30, Gangavaram Port will have its container terminal operational, and Dhamra Port will have its LNG terminal ready by December 31. A couple of oil and gas majors have signed take-or-pay contracts with this LNG terminal.”

According to APSEZ, with improved coal cargo volumes, the port is on track to meet its cargo guidance for FY23 of 350 to 360 million tonnes. According to its FY25 capex guidance, APSEZ will invest Rs 23,000 crore. In their report, Centrum Broking analysts warned that despite robust EBITDA (pre-fx MTM) supporting this capex, the level of intensity might restrain ROCE expansion,” they said.

Adani Ports Share Price-

Adani ports share hits 3% is it Good To buy in 2023

A share price analysis of Adani Ports & Special Economic Zones
937.50 rs

Volume: 1,01,94,490

Last Updated On: 12 SEP, 2022,

In addition to the Income from Port Services segment (53.78 % of Sales Value), there are also the Containers segment with Rs 2259.15 Crore (34.57 % of Sales Value).

The key products/revenue segments of Adani Ports & Special Economic Zone Ltd. include the Income from Containers segment (33.78 % of Total Sales). In the year ending 31-Ma, Infrastructure Leasing Income contributed Rs 596.35 Crore to Sales Value (9.12 % of Total Sales) and Other Operating Revenues of Rs 164.18 Crore (2.51 % of Sales Value) of Income from Other Operating Revenue.

The company has reported consolidated sales for the quarter ended 31-12-2018 of Rs 2823.91 Crore. Adani ports share, This is an increase of 8.28 percent from the previous quarter’s sales of Rs 2608.01 Crore and an increase of 5.02 percent from the same quarter’s sales of Rs 2688.85 Crore in the previous year.

Adani ports share, In the latest quarter, the company reported a net profit of Rs 1418.96 Crore after taxes. In terms of the company’s top management, Dr. Malay Mahadevia is among the company’s directors, while Mr. Gautam S Adani is among the company’s officers. Mr. Gopal Krishna Pillai is among the company’s officers.
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