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- ADANI PORTS & SEZ Announces Quarterly Results (3QFY21); Net Profit Up 16.5%
ADANI PORTS & SEZ Announces Quarterly Results (3QFY21); Net Profit Up 16.5%
Thu, 11 Feb
ADANI PORTS & SEZ has announced its results for the quarter ended December 2020. Here is a detailed performance review of the same:
ADANI PORTS & SEZ Quarterly Financials
| No. of Mths Qtr. Ending | 3 Dec-19* | 3 Sep-20* | 3 Dec-20* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 33,363 | 29,025 | 37,465 | 29.1% | 12.3% |
| Other income | Rs m | 4,942 | 5,206 | 5,283 | 1.5% | 6.9% |
| Turnover | Rs m | 38,304 | 34,232 | 42,748 | 24.9% | 11.6% |
| Expenses | Rs m | 11,945 | 6,039 | 10,523 | 74.2% | -11.9% |
| Gross profit | Rs m | 21,418 | 22,986 | 26,942 | 17.2% | 25.8% |
| Depreciation | Rs m | 4,297 | 4,618 | 5,941 | 28.6% | 38.3% |
| Interest | Rs m | 4,673 | 5,570 | 6,123 | 9.9% | 31.0% |
| Profit before tax | Rs m | 17,390 | 18,004 | 20,162 | 12.0% | 15.9% |
| Tax | Rs m | 3,824 | 4,038 | 4,360 | 8.0% | 14.0% |
| Profit after tax | Rs m | 13,566 | 13,966 | 15,802 | 13.2% | 16.5% |
| Gross profit margin | % | 64.2 | 79.2 | 71.9 | ||
| Effective tax rate | % | 22.0 | 22.4 | 21.6 | ||
| Net profit margin | % | 35.4 | 40.8 | 37.0 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The company's operating income during the quarter grew 12.3% on a year-on-year (YoY) basis. The expenses were down by 11.9% YoY during the same period.
- The company's operating profit increased by 25.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 71.9% in 3QFY21 as against 64.2% in 3QFY20.
- Depreciation charges increased by 38.3% and finance costs increased by 31.0% YoY, respectively.
- Other income increased by 6.9% YoY during the quarter.
- Net profit for the quarter increased by 16.5% YoY. Net profit margins during the quarter increased from 35.4% in 3QFY20 to 37.0% in 3QFY21.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter grew 29.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 74.2% QoQ during the same period.
- The company's operating profit increased by 17.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 71.9% in 3QFY21 as against 79.2% in 2QFY20.
- Net profit for the quarter increased by 13.2% QoQ, while net profit margins declined from 40.8% in 2QFY20 to 37.0% in 3QFY21.
To see how ADANI PORTS & SEZ has performed over the last eight quarters,please visit here.
Urgent New Alert: About Coming Once-in-a-generation Wealth Shift
ADANI PORTS & SEZ Share Price Performance
Over the last one year, ADANI PORTS & SEZ share price has moved up from Rs 374.4 to Rs 591.7, registering a Gain of Rs 217.4 or around 58.1%.
Overall, the S&P BSE SENSEX is up 25.8% over the year.
Current Valuations
At the current price of Rs 591.7, the price to earnings (P/E) ratio of ADANI PORTS & SEZ stands at 30.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.8 times.
Related Views on News
ADANI PORTS & SEZ Announces Quarterly Results (2QFY21); Net Profit Up 31.9% (Quarterly Result Update)
Nov 25, 2020 | Updated on Nov 25, 2020For the quarter ended September 2020, ADANI PORTS & SEZ has posted a net profit of Rs 14 bn (up 31.9% YoY). Sales on the other hand came in at Rs 29 bn (up 2.9% YoY). Read on for a complete analysis of ADANI PORTS & SEZ's quarterly results.
ADANI PORTS & SEZ Announces Quarterly Results (4QFY20); Net Profit Down 73.8% (Quarterly Result Update)
May 7, 2020 | Updated on May 7, 2020For the quarter ended March 2020, ADANI PORTS & SEZ has posted a net profit of Rs 3 bn (down 73.8% YoY). Sales on the other hand came in at Rs 29 bn (down 5.2% YoY). Read on for a complete analysis of ADANI PORTS & SEZ's quarterly results.
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