According to an ET report, the board of India’s largest port operator really useful a dividend of Rs 6 per share.
The firm achieved thrice the expansion price of India’s cargo and set a file quantity of 420 million metric tons for the monetary yr 2023-2024. This resulted in a quantity development of 24% yr-over-yr, in accordance with the corporate’s submitting to the exchanges.
In FY24, APSEZ’s internet profit elevated by 50% yr over yr, whereas the income grew by 28% yr over yr to attain a file of Rs 26,711 crore. The EBITDA surged by 44% yr over yr to achieve Rs 15,751 crore.
After the outcomes have been introduced, shares of Adani Ports have been buying and selling at Rs 1,340, up 1.14% on the Bombay Stock Exchange.
Adani Ports FY24 outcomes: Key Takeaways
The firm recorded a Profit After Tax (PAT) of Rs 8,104 crore, even after writing off Rs 455 crore because of the transition to the brand new tax regime for considered one of its subsidiaries.
The firm accomplished mortgage pre-funds or repayments of 5,584 crore rupees, which exceeded the preliminary steerage of 5,000 crore rupees offered originally of the yr.
The Net debt to EBITDA ratio improved to 2.3 instances from 3.1 instances in the monetary yr 2023, even with a capital expenditure of Rs 7,416 crore.
The dividend payout of Rs 6 per share will value the corporate Rs 1,300 crore.
The port operator bought Gopalpur Port and Karaikal Port with the goal of boosting development and enhancing east-west parity. As a outcome, the overall variety of ports in the India portfolio rose to fifteen.
Adani Ports FY25 Guidance
Cargo volumes through the interval are anticipated to be between 460-480 million metric tons. Revenue for the interval is projected to be between Rs 29,000-31,000 crore. EBIDTA for the interval is estimated to be between Rs 17,000-18,000 crore. Net Debt to EBITDA is anticipated to be between 2.2-2.5 instances. Capital expenditure for the interval is anticipated to be in the vary of Rs 10,500-11,500 crore.
