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Published on 9/02/2021 4:58:02 PM | Source: Angel Broking Ltd

Adani Ports & SEZ revenue registered strong growth of 29% By Keshav Lahoti, Angel Broking

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Below are Views On Adani Ports & SEZ revenue registered strong growth of 29% By Mr. Keshav Lahoti, Associate Equity Analyst, Angel Broking Ltd

For Q3FY21, Adani Ports & SEZ revenue registered strong growth of 29% YoY to ₹3,746 cr due to pick up in cargo volume was above street expectation . On the other hand, net profit registered a growth of 16% YoY to ₹1,576 cr was also above street expectation. PAT increased due to appreciation in the rupee. Company reported numbers better than the street estimates. During the quarter, the Company has outperformed all the ports in India in terms of cargo and container volume growth.

 


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