InvestorQ : How did you find the latest quarterly results of Adani Ports SEZ for Sep-20 and is the stock worth buying?
Lavanya Subramanian made post

How did you find the latest quarterly results of Adani Ports SEZ for Sep-20 and is the stock worth buying?

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Anamika Sodhani answered.
3 weeks ago
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Adani Ports and SEZ reported stellar numbers for the Sep-20 quarter. For Adani Ports it was actually a combination of improved revenues and better cost control which resulted in a spurt in profits in the second quarter of the fiscal.

In fact, Q2 profits at Adani Ports were up by 32% at Rs.1,394 crore for the Sep-20 quarter. Adani Ports is India’s largest port operator. This growth in profits came on the back of overall improvement in port operations across the Eastern and the Western coasts.

With the easing of restrictions on trade, commerce and social distancing, the cargo throughput in various ports has gone up sharply. India trade volumes with China, EU and the US are picking up sharply. Cargo volumes in ports were up 7% on a YOY basis.

Currently, Adani Ports has a 24% market share in handling cargo in and out of Indian ports as it operates a total of 12 key ports including the largest port of Mundhra in the state of Gujarat. In Oct-20, the Adani Ports handled 22MMT of cargo volumes, which is represents a 21% YOY growth.

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