About the Company:
Adani Ports and Special Economic Zone (APSEZ), a part of globally diversified. Adani Group is the largest port developer and operator in India. In less than two decades, the company has built a formidable presence in port infrastructure and logistics services. APSEZ’s 11 strategically located ports and terminals — Mundra, Dahej, Kandla and Hazira in Gujarat, Dhamra in Odisha, Mormugao in Goa, Visakhapatnam in Andhra Pradesh, and Kattupalli and Ennore in Chennai — represent 24% of the country's total port capacity, handling vast amounts of cargo from both coastal areas and the vast hinterland. The company is also developing a transhipment port at Vizhinjam, Kerala and a container Terminal at Myanmar. Mundra Port received “The Samudra Manthan Awards for “Best Private Port of the Year 2019” & won “Best Port of the Year for Containerized Cargo” at the Gujarat Star Awards 2019.
QoQ & YoY Performance:
India’s major marine port and services company has declared the results for the Fourth Quarter of Fiscal Year ending March 2020.
- QoQ Performance: Consolidated Net sales/ revenue of the company recorded to Rs. 2921.19 Cr. fell by 12.44% in March quarter of FY20. Total expenditure (excluding interest and depreciation expenses) stood at Rs. 2,186.72 Cr. is soared by 83.04%. EBITDA numbers also plunged more than 55.48%.
- YoY Performance: The Company has reported downfall of 5.23% in sales/revenue. Expenditure (excluding interest and depreciation expenses) of the company stood doubled increased by more than 100%. EBITDA numbers plummeted by 51.43%.
- Profitability of the company: Net profits of the company decreased to Rs.340.21 crores, fell by 74.92% QoQ and reduced by 74.11% YoY.
As per Lokesh Sethia, SEBI Registered, the stock closed at Rs.263.10 per share, down by 1.22% for Tuesday’s trading session. The company has delivered weak set of numbers for the final quarter of financial year 2020. We are not recommending it to investors and prefer to “Avoid” this stock for now.