ADANI PORTS & SEZ Announces Quarterly Results (1QFY20); Net Profit Up 47.5%

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ADANI PORTS & SEZ Announces Quarterly Results (1QFY20); Net Profit Up 47.5%
Wed, 28 Aug

ADANI PORTS & SEZ has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

ADANI PORTS & SEZ Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m24,11030,82527,945-9.3%15.9%
Other incomeRs m2,9284,1024,2253.0%44.3%
TurnoverRs m27,03934,92732,169-7.9%19.0%
ExpensesRs m12,05110,4139,481-8.9%-21.3%
Gross profitRs m12,05919,72317,878-9.4%48.3%
DepreciationRs m3,2253,5613,9079.7%21.1%
InterestRs m2,5384,4304,5763.3%80.3%
Profit before taxRs m9,22415,83413,620-14.0%47.7%
TaxRs m2,2502,6923,33323.8%48.1%
Profit after taxRs m6,97413,14210,287-21.7%47.5%
Gross profit margin%50.064.064.0
Effective tax rate%24.417.024.5
Net profit margin%25.837.632.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 15.9% on a year-on-year (YoY) basis. The expenses were down by 21.3% YoY during the same period.
  • The company's operating profit increased by 48.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 64.0% in 1QFY20 as against 50.0% in 1QFY19.
  • Depreciation charges increased by 21.1% and finance costs increased by 80.3% YoY, respectively.
  • Other income increased by 44.3% YoY during the quarter.
  • Net profit for the quarter increased by 47.5% YoY. Net profit margins during the quarter increased from 25.8% in 1QFY19 to 32.0% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 9.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 8.9% QoQ during the same period.
  • The company's operating profit declined by 9.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 64.0% in 1QFY20 as against 64.0% in 4QFY19.
  • Net profit for the quarter declined by 21.7% QoQ, while net profit margins declined from 37.6% in 4QFY19 to 32.0% in 1QFY20.

To see how ADANI PORTS & SEZ has performed over the last eight quarters,please visit here.

ADANI PORTS & SEZ Share Price Performance

Over the last one year,ADANI PORTS & SEZ share price has moved down from Rs 387.3 to Rs 372.6, registering a Loss of Rs 14.7 or around 3.8%.

Overall, the S&P BSE SENSEX is down 2.9% over the year.

Current Valuations

At the current price of Rs 372.6, the price to earnings (P/E) ratio of ADANI PORTS & SEZ stands at 17.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.7 times.

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