[vc_row]Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest port developer and the logistics arm of the Adani Group, announced another stellar operational and financial performance for the nine months and third quarter ended December 31, 2016.
9M FY 17 highlights
Consolidated Operating Income registered a growth of 20 per cent from Rs 5,219 crore in 9M FY16 to Rs 6,245 crore in 9M FY17.
Consolidated EBITDA increased by 22 per cent from Rs 3,352 crore in 9M FY16 to Rs 4,092 crore in 9M FY17.
EBIDTA margins increased by 200 BPS to 66 per cent.
Profit after Tax grew by 38 per cent from Rs 1,991 crore in 9M FY16 to Rs 2,748 crore in 9M FY17.
EPS for 9M FY17 is Rs 13.29 per share, a growth of 38 per cent.
Container volumes increased by 28 per cent on Y-o-Y basis.
In 9M FY17, APSEZ handled 126 million tonnes of cargo, a growth of 11 per cent Y-o-Y.
Q3 FY 17 highlights
Consolidated Operating Income registered a growth of 32 per cent from Rs 1,696 crore in Q3 FY16 to Rs 2,236 crore in Q3 FY17.
Consolidated EBITDA increased by 30 per cent from Rs 1,056 crore in Q3 FY16 to Rs 1,371 crore in Q3 FY17.
EBIDTA margins maintained at 62 per cent.
Profit after Tax grew by 26 per cent from Rs 675 crore in Q3 FY16 to Rs 848 crore in Q3 FY17.
EPS for Q3 FY17 is Rs 4.10 per share, a growth of 26 per cent.
Container volumes increased by 26 per cent on Y-o-Y basis.
In Q3 FY17, APSEZ handled 41 million tonnes of cargo, a growth of 8 per cent Y-o-Y.
Besides, in December 2016, APSEZ won the CII Supply Chain and Logistics Excellence Award in the Container Logistics Category. It also won the Golden Peacock Award for CSR Activity in 2016 from the Institute of Directors, New Delhi.
Mr Karan Adani, Chief Executive Officer of APSEZ, said, “Our strategy to diversify our cargo mix and focus on high value cargo continues to yield positive results. Like last quarter, the continued outperformance in cargo volumes is backed by healthy growth in our newer ports, namely, Hazira, Dhamra and Kattupalli. Operational efficiencies and our efforts to change the mix of bulk cargo beyond coal has resulted in all-round growth in our financial numbers.”[/vc_column_text][/vc_row]
