Adani Ports & Special Economic Zone tumbles after Q4FY16 results

Adani Ports & Special Economic Zone (APSEZ) declared its quarterly result on May 3. The company’s revenue has increased by 15.82 per cent to Rs 1947 crore in Q4FY16 as compared to same period in previous financial year. Its EBITDA too has risen by 11.76 per cent to Rs 1225 crore in Q4FY16 on a yearly basis. However, APSEZ’s EBITDA margin has contracted by 229 basis points to 62.9 per cent in Q4FY16 as compared to same period in previous fiscal year. The company’s bottom line has also increased by 37.84 per cent to Rs 909 crore in Q4FY16 on a yearly basis. Its net profit margin has expanded by 764 basis points to 46.94 per cent in Q4FY16 as compared to same period in previous fiscal year.

On a yearly basis, APSEZ’s top line has increased by 17.95 per cent to Rs 7226 crore in FY16. The company’s EBITDA also has risen by 19.17 per cent to Rs 4651 crore in FY16 as compared to previous financial year. Its EBITDA margin has expanded by 66 basis points to 64.09 per cent in FY16 on a yearly basis. APSEZ’s net profit has increased by 21.74 per cent to Rs 2830 crore in FY17 as compared to previous fiscal year. The company’s net profit margin has expanded by 190 basis points to 39.52 per cent in FY16 on a yearly basis.

On segmental front, APSEZ has earned majority of the revenue i.e. 88.86 per cent from Ports and SEZ activities; and remaining 11.14 per cent from others segment during FY16.

The share price of APSEZ has declined by 9.75 per cent on bourses in early trades and is trading at Rs 212.9 on an intraday basis.

APSEZ is engaged 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 zone at port locations. Its other segment mainly includes Aircraft Operating Income, Services as per Concession agreement with Government of India, association with Ministry of Railways for movement of Container Trains on specific Railway Routes and Multi-modal Cargo storage cum logistics services through development of Inland Container Depots at various strategic locations.