|
Consolidated net sales (including other operating income) of Adani Ports & Special Economic Zone for the quarter ended Jun 2024 has increased 21% to Rs 7559.59 crore. Operating profit margin has jumped from 60.26% to 63.71%, leading to 27.94% rise in operating profit to Rs 4,816.58 crore. Employee cost decreased from 8.03% to 6.21%. Other expenses fell from 31.72% to 30.08%. Other direct service cost fell from 26.04% to 24.69%. Other income rose 28.91% to Rs 494.59 crore. PBIDT rose 28.03% to Rs 5311.17 crore. Provision for interest fell 23.49% to Rs 484.06 crore. PBDT rose 37.31% to Rs 4827.11 crore. Provision for depreciation rose 6.56% to Rs 1011.87 crore. Profit before tax grew 48.68% to Rs 3,815.24 crore. Share of profit/loss was 2.54% lower at Rs -77.16 crore. Provision for tax was expense of Rs 485.42 crore, compared to Rs 371.36 crore. Effective tax rate was 13.51% compared to 14.91%. Net profit attributable to owners of the company increased 47.20% to Rs 3,112.83 crore. - Sales of Port and sez activities segment has gone up 20.45% to Rs 6,939.34 crore (accounting for 91.37% of total sales). Sales of Others segment has gone up 21.93% to Rs 655.67 crore (accounting for 8.63% of total sales). Inter-segment sales came down from Rs 51.51 crore to Rs 35.42 crore.
- Profit before interest, tax and other unallocable items (PBIT) has jumped 37.74% to Rs 3,758.72 crore. PBIT of Port and sez activities segment rose 37.53% to Rs 3,718.57 crore (accounting for 98.93% of total PBIT). PBIT of Others segment rose 60.99% to Rs 40.15 crore (accounting for 1.07% of total PBIT).
- PBIT margin of Port and sez activities segment rose from 46.93% to 53.59%. PBIT margin of Others segment rose from 4.64% to 6.12%. Overall PBIT margin rose from 43.32% to 49.49%.
Full year results analysis. Net sales (including other operating income) of Adani Ports & Special Economic Zone has increased 28.10% to Rs 26710.56 crore. Sales of Port and sez activities segment has gone up 27.66% to Rs 24,276.02 crore (accounting for 90.19% of total sales). Sales of Others segment has gone up 31.08% to Rs 2,640.81 crore (accounting for 9.81% of total sales). Inter-segment sales rose Rs 179.23 crore to Rs 206.27 crore. Profit before interest, tax and other unallocable items (PBIT) has jumped 14.95% to Rs 11,813.77 crore. PBIT of Port and sez activities segment rose 15.87% to Rs 11,723.86 crore (accounting for 99.24% of total PBIT). PBIT of Others segment fell 43.40% to Rs 89.91 crore (accounting for 0.76% of total PBIT). PBIT margin of Port and sez activities segment fell from 53.21% to 48.29%. PBIT margin of Others segment fell from 7.89% to 3.40%. Overall PBIT margin fell from 48.87% to 43.89%. Operating profit margin has jumped from 52.50% to 58.97%, leading to 43.88% rise in operating profit to Rs 15,751.10 crore. Employee cost increased from 5.65% to 7.10%. Other expenses fell from 41.85% to 33.93%. Other direct service cost fell from 27.12% to 26.64%. Other income fell 3.43% to Rs 1499.42 crore. PBIDT rose 38.01% to Rs 17250.52 crore. Provision for interest rose 15.67% to Rs 2732.94 crore. Loan funds declined from Rs 53,267.69 crore as of 31 March 2023 to Rs 49,303.71 crore as of 31 March 2024. Inventories declined from Rs 451.97 crore as of 31 March 2023 to Rs 437.51 crore as of 31 March 2024. Sundry debtors were lower at Rs 3,666.94 crore as of 31 March 2024 compared to Rs 3,957.07 crore as of 31 March 2023. Cash and bank balance rose to Rs 7,631.88 crore as of 31 March 2024 from Rs 4,334.31 crore as of 31 March 2023. Investments declined from Rs 7,431.65 crore as of 31 March 2023 to Rs 4,288.66 crore as of 31 March 2024. PBDT rose 43.21% to Rs 14517.58 crore. Provision for depreciation rose 13.54% to Rs 3888.46 crore. Fixed assets declined from Rs 71,953.03 crore as of 31 March 2023 to Rs 67,894.33 crore as of 31 March 2024. Intangible assets increased from Rs 6,907.47 crore to Rs 18,189.57 crore. Profit before tax grew 58.35% to Rs 10,629.12 crore. Extraordinary items were increased to Rs -373.70 crore. Provision for tax was expense of Rs 1989.74 crore, compared to Rs 96.04 crore. Effective tax rate was 19.71% compared to 1.75%. Net profit attributable to owners of the company increased 52.78% to Rs 8,110.64 crore. Equity capital stood at Rs 432.03 crore as of 31 March 2024 to Rs 432.03 crore as of 31 March 2023. Per share face Value remained same at Rs 2.00. Promoters’ stake was 65.89% as of 31 March 2024 ,compared to 61.03% as of 31 March 2023 . Promoters pledged stake was 1.70% as of 31 March 2024 ,compared to 4.66% as of 31 March 2023 . Cash flow from operating activities increased to Rs 15,017.58 crore for year ended March 2024 from Rs 11,933.25 crore for year ended March 2023. Cash flow used in acquiring fixed assets during the year ended March 2024 stood at Rs 7,416.30 crore, compared to Rs 9,124.78 crore during the year ended March 2023.
Management Comments :
“FY25 has begun on a strong note for us with stellar performance on both
financial and growth fronts. On the financial front, we posted all-time high
earnings. But for the temporary disruption in Gangavaram Port, which is now
fully restored, our Q1 cargo volume would have been at 114.7 MMT, a 13%
increase.
On the growth front, we won two new port concessions and a port O&M
contract. We are proud that four of our ports featured in World Bank’s
Container Port Performance Index 2023” said Mr. Ashwani Gupta, Whole-time
Director & CEO, APSEZ
| Adani Ports & Special Economic Zone : Consolidated Results | | | Quarter ended | Year ended |
|---|
| Particulars | 202406 | 202306 | Var.(%) | 202403 | 202303 | Var.(%) |
|---|
| Net Sales (including other operating income) | 7,559.59 | 6,247.55 | 21.00 | 26,710.56 | 20,851.91 | 28.10 | | OPM (%) | 63.71 | 60.26 | 346 bps | 58.97 | 52.50 | 647 bps | | OP | 4,816.58 | 3,764.58 | 27.94 | 15,751.10 | 10,947.13 | 43.88 | | Other Inc. | 494.59 | 383.68 | 28.91 | 1,499.42 | 1,552.71 | -3.43 | | PBIDT | 5,311.17 | 4,148.26 | 28.03 | 17,250.52 | 12,499.84 | 38.01 | | Interest | 484.06 | 632.69 | -23.49 | 2,732.94 | 2,362.64 | 15.67 | | PBDT | 4,827.11 | 3,515.57 | 37.31 | 14,517.58 | 10,137.20 | 43.21 | | Depreciation | 1011.87 | 949.58 | 6.56 | 3888.46 | 3424.71 | 13.54 | | PBT | 3,815.24 | 2,565.99 | 48.68 | 10629.12 | 6712.49 | 58.35 | | Share of Profit/(Loss) from Associates | -77.16 | -75.25 | -2.54 | -161.69 | 47.78 | PL | | PBT before EO | 3738.08 | 2490.74 | 50.08 | 10467.43 | 6760.27 | 54.84 | | EO Income | -145.43 | 0 | - | -373.7 | -1273.38 | 70.65 | | PBT after EO | 3592.65 | 2490.74 | 44.24 | 10093.73 | 5486.89 | 83.96 | | Taxation | 485.42 | 371.36 | 30.71 | 1989.74 | 96.04 | 1,971.78 | | PAT | 3107.23 | 2119.38 | 46.61 | 8103.99 | 5390.85 | 50.33 | | Minority Interest (MI) | -5.6 | 4.66 | LP | -6.65 | 82 | LP | | Net profit | 3112.83 | 2114.72 | 47.20 | 8110.64 | 5308.85 | 52.78 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 3112.83 | 2114.72 | 47.20 | 8110.64 | 5308.85 | 52.78 | | EPS (Rs)* | 15.00 | 9.79 | 53.18 | 38.94 | 30.28 | 28.61 | | | * EPS is on current equity of Rs 432.03 crore, Face value of Rs 2, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
|
| Adani Ports & Special Economic Zone : Consolidated Segment Results | | | Quarter ended | Year ended |
|---|
| % of (Total) | 202406 | 202306 | Var.(%) | % of (Total) | 202403 | 202303 | Var.(%) |
|---|
| Sales | | Port and sez activities | 91.37 | 6,939.34 | 5,761.32 | 20.45 | 90.19 | 24,276.02 | 19,016.51 | 27.66 | | Others | 8.63 | 655.67 | 537.74 | 21.93 | 9.81 | 2,640.81 | 2,014.63 | 31.08 | | Total Reported Sales | 100.00 | 7,595.01 | 6,299.06 | 20.57 | 100.00 | 26,916.83 | 21,031.14 | 27.99 | | Less: Inter segment revenues | | 35.42 | 51.51 | -31.24 | | 206.27 | 179.23 | 15.09 | | Net Sales | 100.00 | 7,559.59 | 6,247.55 | 21.00 | 100.00 | 26,710.56 | 20,851.91 | 28.10 | | PBIT | | Port and sez activities | 98.93 | 3,718.57 | 2,703.88 | 37.53 | 99.24 | 11,723.86 | 10,118.22 | 15.87 | | Others | 1.07 | 40.15 | 24.94 | 60.99 | 0.76 | 89.91 | 158.86 | -43.40 | | Total PBIT | 100.00 | 3,758.72 | 2,728.82 | 37.74 | 100.00 | 11,813.77 | 10,277.08 | 14.95 | | Less : Interest | | 484.06 | 632.69 | -23.49 | | 2,732.94 | 2,362.64 | 15.67 | | Add: Other un-allcoable | | 317.99 | 394.61 | -19.42 | | 1,012.90 | -2,425.31 | LP | | PBIT Margin(%) | | Port and sez activities | | 53.59 | 46.93 | 665.52 | | 48.29 | 53.21 | -491.36 | | Others | | 6.12 | 4.64 | 148.56 | | 3.40 | 7.89 | -448.07 | | PBT | 100.00 | 3,592.65 | 2,490.74 | 44.24 | 100.00 | 10,093.73 | 5,489.13 | 83.89 |
|
|