Adani Ports & Special Economic Zones posts good results

Adani Ports & Special Economic Zones (APSEZ) declared its quarterly results on February 12. The company’s consolidated revenue increased by 11.09 per cent to Rs 1718 crore in Q3FY16 as compared to same period in previous fiscal year. Its total expenditure increased by 5.94 per cent to Rs 647 crore in Q3FY16 on a yearly basis.

APSEZ’s EBITDA increased by 14.46 per cent to Rs 1071 crore in Q3FY16 as compared to same period in previous financial year.The company’s EBITDA margin expanded by 184 basis points to 62.34 per cent in Q3FY16 on a yearly basis. Its interest expense reduced by 19.77 per cent to Rs 258 crore and other income increased by 14.92 per cent to Rs 178 crore in Q3FY16 on a yearly basis. APSEZ’s PAT was boosted by 24.64 per cent to Rs 638 crore in Q3FY16 as compared to same period in previous fiscal year.The company’s PAT margin expanded by 404 basis points to 37.15 per cent in Q3FY16 on a yearly basis.

Considering nine months financial result, APSEZ’s revenue increased by 18.94 per cent to Rs 5309 crore in 9MFY16 as compared to same period in previous fiscal year. The company’s EBITDA too rose by 21.83 per cent to Rs 3421 crore in 9MFY16 on a yearly basis. Its PAT also increased by 18.12 per cent to Rs 1953 crore in 9MFY16 on a yearly bsais.

The share price of APSEZ declined by 10 per cent on bourses; and touched a 52 week low of Rs 169.65 on an intraday basis.At the end of the trading session the share price closed at Rs 178.7 on February 12.

APSEZ is in the business of providing infrastructural facilities. The company is primarily involved in the business of developing, operating and maintaining the port and port-based related infrastructure services, including multi product special economic zones at port locations. Its segments include port and special economic zone activities and others.