Adani Ports' shares zoom on positive YoY returns - Non Public

Adani Ports and Special Economic Zone, the company engaged in providing infrastructure facilities to the ports, has posted its Q1FY17 results with exciting year on year numbers. The stock of Adani Ports has recently recovered from its 2 years' low and has seen a breakout at 250 levels. The shares have surged more than 5 per cent on Aug 10 amid positive results.

Company’s QoQ consolidated revenues for Q1FY17 have come in at Rs 1817.23 crore as against Rs 1859.66 crore, a decrease of 2.3 per cent. Moreover, company has also seen a drop in its EBITDA by 4.5 per cent at Rs 1169.77 crore as against Rs 1224.85 crore in the last quarter. Meanwhile, Company’s other operating income has dropped by 89 per cent to Rs 9.35 crore.

During the quarter, company’s interest expenses have increased by almost 92 per cent to Rs 267.18 crores. However, tax expenses have dropped 55 per cent to Rs 60.96 crores. Thereby net profit has dropped 8.6 per cent from Rs 914.06 crore for Q4FY16 to Rs 835.71 crore.

The Year on Year (YOY) results show that, Company’s consolidated revenues have risen by 5.5 per cent from Rs 1723.27 crore in the same quarter last year. EBITDA of company has risen by 2.2 per cent from Rs 1144.97 crore. Year on year Net profit (PAT) has increased 30.4 per cent from Rs 640.88 crore amid rise in the other income during Q1FY17. - See more at: http://www.dsij.in/article-details/articleid/15361/adani-ports-shares-zoom-on-positive-yoy-returns.aspx#sthash.4iR05WIQ.dpuf