Adani Ports and Special Economic Zone Ltd posts Rs. 758.02 crore consolidated PAT in Q1FY21

ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD. has reported financial results for the period ended June 30, 2020.

Financial Results (Q1 FY 2020-21) - QoQ Comparison

The company has reported total income of Rs.2749.46 crores during the period ended June 30, 2020 as compared to Rs.3360.17 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.758.02 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.334.39 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.3.73 for the period ended June 30, 2020 as compared to Rs.1.65 for the period ended March 31, 2020.

Financials	Q1 FY2020-21	Q4 FY19-20	% Change
Total Income	₹ 2749.46 crs	₹ 3360.17 crs	-18.17%
Net Profit	₹ 758.02 crs	₹ 334.39 crs	126.69%
EPS	₹ 3.73	₹ 1.65	126.06%

Financial Results (Q1 FY 2020-21) - YoY Comparison

The company has reported total income of Rs.2749.46 crores during the period ended June 30, 2020 as compared to Rs.3216.92 crores during the period ended June 30, 2019.

The company has posted net profit / (loss) of Rs.758.02 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.1022.42 crores for the period ended June 30, 2019.

The company has reported EPS of Rs.3.73 for the period ended June 30, 2020 as compared to Rs.4.94 for the period ended June 30, 2019.

Financials	Q1 FY2020-21	Q1 FY2019-20	% Change
Total Income	₹ 2749.46 crs	₹ 3216.92 crs	-14.53%
Net Profit	₹ 758.02 crs	₹ 1022.42 crs	-25.86%
EPS	₹ 3.73	₹ 4.94	-24.49%

Mr. Karan Adani, Chief Executive Officer and Whole Time Director of APSEZ said, "In first quarter of FY21, we were able to perform operationally at par with pre COVID levels. We kept supply chain running and stood by our customers to prove as a bankable service provider at all times ensuring stronger customer relationships and stickiness in cargo.

During this period, we relooked at fundamentals of port operations and realigned costs, thus maintaining Port EBIDTA margin of 70%.

With the worst behind us, we have emerged operationally stronger and resilient to externalities. Our focus continues on further improving efficiencies, reducing costs and closing out value accretive acquisitions namely Krishnapatnam Port and Dighi Port.

We are happy to inform that we have signed up with Science Based Targets initiative (SBTi) and Task Force on climate related financial disclosure (TCFD) for reducing carbon emission with a commitment to become carbon neutral by 2025.

We have diversified our board by inducting Mr. P.S. Jayakumar as an Independent director, with this Independent director constitute 55.5% of the board. The resilience in the business is a testimony of the team's commitment to excel."

Shares of ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD. was last trading in BSE at Rs.335.15 as compared to the previous close of Rs. 331.25. The total number of shares traded during the day was 89006 in over 1662 trades.

The stock hit an intraday high of Rs. 336.7 and intraday low of 330.8. The net turnover during the day was Rs. 29738759.

Source : Equity Bulls

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