InvestorQ : How did you find the Jun-21 quarter results of Adani Ports SEZ?
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How did you find the Jun-21 quarter results of Adani Ports SEZ?

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Rashi Mehra answered.
4 months ago
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Adani Ports Special Economic Zone Ltd, or APSEZ, saw net profits jump by 77% to Rs.1,342 crore in the Jun-21 quarter. Total revenues for the quarter almost doubled to Rs.4,557 crore. Adani Ports was consistently building its market share in the ports business during the quarter, and the comparison may be overstated as Jun-20 was an exceptionally weak month due to the COVID pandemic.

APSEZ has raised its target cargo volumes to grow by 45% to 350-360 MMT in the current year. APSEZ handled 76 MMT of cargo in the first quarter, a growth of 83% compared to the 41 MMT in the first quarter of FY21. It may be recollected that APSEZ had recently raise $750 million via dual tranche bonds for a 20-year period, marking the largest and first bond issue in international markets of such a long tenure.

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