Adani Ports Q4 preview: Net profit likely to fall, sales to rise; board to consider dividend
Adani Power Q4 results: Net profit down 48% YoY to ₹2,737 crore, revenue up 30% According to Equirus Capital, Adani Ports will witness a 12.4 percent year-on-year decline in net profit, with figures dropping to ₹2,129.60 crore from ₹2,432.30 crore in the corresponding quarter of the previous year. Conversely, sales are expected to surge by 20.7 percent year-on-year, reaching ₹6,996.40 crore compared to ₹5,796.90 crore in the previous year. Furthermore, the EBITDA margin is anticipated to stand at 60 percent, marking a substantial increase of 377 basis points year-on-year.
On the other hand, brokerage firm Elara Capital anticipates a 1.8 percent year-on-year decline in adjusted profit, amounting to ₹2,251.80 crore. The brokerage forecasts sales to reach ₹6,958.40 crore, reflecting a 20 percent increase. "ADSEZ outperformed all major ports in India on volumes (through to Feb’24) that grew at 4.5 per cent YoY.
We expect ADSEZ’s port revenue to grow 26% YoY with port Ebitda margin at 71 per cent, up 130 bps YoY. ADSEZ, due to its diversified presence and inorganic expansions, continue to gain market share as also outperforming its guidance," the brokerage firm said. In the fourth quarter of the fiscal year 2023-24, Adani Ports managed a total volume of 108.5 million metric tonnes (MMT), potentially contributing to a notable rise in revenue.
Throughout the entire fiscal year 2023-24, Adani Ports realized a 24 percent increase in volume, reaching 420 MMT, exceeding its adjusted projection of 400 MMT. The company has set a target of 500 MMT for the fiscal year 2024-25. Also read: Adani Wilmar Q4 results: Net profit rises 67% YoY to ₹157 crore, revenue down 3% Moving forward, all eyes are on the earnings ramifications stemming
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