ADANI PORTS & SEZ Announces Quarterly Results (3QFY21); Net Profit Up 16.5%

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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 ChangeYoY Change
Net SalesRs m33,36329,02537,46529.1%12.3%
Other incomeRs m4,9425,2065,2831.5%6.9%
TurnoverRs m38,30434,23242,74824.9%11.6%
ExpensesRs m11,9456,03910,52374.2%-11.9%
Gross profitRs m21,41822,98626,94217.2%25.8%
DepreciationRs m4,2974,6185,94128.6%38.3%
InterestRs m4,6735,5706,1239.9%31.0%
Profit before taxRs m17,39018,00420,16212.0%15.9%
TaxRs m3,8244,0384,3608.0%14.0%
Profit after taxRs m13,56613,96615,80213.2%16.5%
Gross profit margin%64.279.271.9
Effective tax rate%22.022.421.6
Net profit margin%35.440.837.0
* 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 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.

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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, 2020

For 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, 2020

For 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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