Adani Ports Q3 results: Profit falls 2% YoY to Rs 1,384 crore

NEW DELHI: Adani Ports & SEZ on Tuesday said its consolidated profit fell 2 per cent year-on-year (YoY) to Rs 1,384 crore for December quarter compared with Rs 1,410 crore in the same quarter last year.

Consolidated operating revenue rose 18 per cent to Rs 3,336 crore from Rs 2,824 crore.

Forex loss for the quarter stood at Rs 145 crore against a forex profit of Rs 368 crore in the year-ago quarter.


Consolidated cargo volume for the quarter rose 5 per cent YoY at 56 million tonnes. a

The company said it added seven new container services in the December quarter. This included five container services at Mundra and one each at Ennore and Hazira.

The incremental container volume on account of these additional services will be approximately 4,00,000 TEUs annually, it said.

“Operations at Mundra LNG terminal of 5 mmt capacity commenced from January 2020. Krishnapatnam acquisition is on track and expected to be completed in Q1 FY21. The equity portion of Rs.5,520 cr. will be funded through internal accruals and existing cash balances,” the company said.

CEO Karan Adani expects the company to achieve cargo volume of 224-226 million tonnes, revenue growth of around 13 per cent and Ebitda growth of around 14 per cent in FY20.