Adani Ports SEZ reported 23.51% yoy growth in consolidated sales revenues for the Mar-21 quarter at Rs3,607.90cr. With the economic activity picking up post COVID, the Mar-21 quarter saw the port and SEZ activities pick up by 27.22% at Rs3,322.21cr on the back of strong growth in port volumes as trade routes opened up.
During the quarter, Adani Ports SEZ completed the acquisition of 75% stake in Krishnapatnam Port Company by paying equity consideration of Rs3,395cr. In addition, the company also closed acquisition of 100% in Dighi Port Ltd as part of the Corporate Insolvency Resolution Plan for Rs650cr. They will reflect in the next quarter.
For the Mar-21 quarter, the consolidated operating profits grew six-fold, up by 505.31% at Rs1,724.66cr. This growth was on account of Rs.1,004cr forex loss booked in the Mar-20 quarter. The OPM improved sharply from 9.75% in the Mar-20 quarter to 47.80% in Mar-21 quarter. OPM was lower on a sequential basis from 55.03% in the Dec-20 quarter.
The consolidated Profit after tax (PAT) for the Mar-21 quarter was up 285.12% at Rs1,287.81cr. The company generated free cash flows of Rs.5,800 crore in the full year FY21. Adani Ports handled the highest ever container volume of 7.2 million TEUs during the FY21 and cornered a market share of 41% of the ports business, up from 36% last year.
Financial highlights for Mar-21 compared yoy and sequentially
|
|
Adani Ports SEZ |
|
|
|
|
Rs in Crore |
Mar-21 |
Mar-20 |
YOY |
Dec-20 |
QOQ |
|
Total Income (Rs cr) |
₹ 3,607.90 |
₹ 2,921.19 |
23.51% |
₹ 3,746.49 |
-3.70% |
|
Operating Profits (Rs cr) |
₹ 1,724.66 |
₹ 284.92 |
505.31% |
₹ 2,061.75 |
-16.35% |
|
Net Profit (Rs cr) |
₹ 1,287.81 |
₹ 334.39 |
285.12% |
₹ 1,561.47 |
-17.53% |
|
|
|
|
|
|
|
|
Diluted EPS (Rs) |
₹ 6.34 |
₹ 1.65 |
|
₹ 7.69 |
|
|
Operating Margins |
47.80% |
9.75% |
|
55.03% |
|
|
Net Margins |
35.69% |
11.45% |
|
41.68% |
|
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