Adani Ports and SEZ H1
PAT up 61% at Rs.848 cr
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EDITOR’S SYNOPSIS
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Ahmedabad, October 19,
2012: Adani Ports & SEZ Ltd, India’s largest
private port developer and part of Adani Group, today said its total income
rose 37% to Rs.1,603 crore for the half year ended September 30, 2012 compared
to Rs.1,168 crore in the corresponding half of previous year.
The net profit for half year increased by 61% to Rs.848 crore in current
year as compared to Rs.528 crore in the corresponding period previous year. The
EBIDTA increased by 53% to Rs.1,218 crore compared to Rs.795 crore in the
corresponding half of previous year. The cargo handled by the company at its
Adani ports stood at 37.85 MMT in H1 FY13 an increase of 12%, over the same
period a year ago.
Commenting on the results, Mr. Gautam Adani, Chairman, Adani Ports &
SEZ Ltd. said, “It gives me pleasure to state that Adani Ports has once again
outperformed all commercial ports. Through its global benchmarked practices it continues
to significantly contribute in the overall growth of Indian Port Infrastructure.”
Further elaborating on the financial performance, Mr B Ravi, Chief
Financial Officer, Adani Ports & SEZ Ltd, said, “We have been the leaders
in the ports sector in terms of our customer service, diversified cargo
portfolio and financial performance.”
EBIDTA margins of the company jumped to 76% from 68% in H1 FY'13
On consolidated basis the total income rose 45% to Rs.2,146 crore for
the half year ended September 30, 2012 compared to Rs.1,484 crore in the
corresponding last year. The net profit for the half year increased by 2% to
Rs.552 crore as compared to Rs.542 crore in the corresponding period previous
year. The EBIDTA increased by 67% to Rs.1,519 crore compared to Rs.912 crore in
the corresponding previous year. The consolidated cargo handled by the company
stood at 47.88 MMT in H1 FY13 an increase of 24%, over the same period a year
ago.
The cargo handled at all other ports have shown de-growth
of 3%.
On quarterly basis total income rose 25% to Rs.792 crore for the current
quarter ended September 30, 2012 compared to Rs.632 crore in the corresponding
quarter last year. The net profit increased by 57% to Rs.430 crore for the
current quarter as compared to Rs.273 crore in the corresponding quarter previous
year. The EBIDTA increased by 40% to Rs.596 crore compared to Rs.426 crore in the
corresponding quarter previous year. The cargo handled by the company at its
Adani ports stood at 20.43 MMT, an increase of 15%, over the corresponding
quarter a year ago.
On a consolidated basis, total income rose 21% to Rs.1,093 crore for the
quarter ended September 30, 2012 compared to Rs.903 crore in the corresponding
quarter last year. The net profit for the current quarter was Rs.276 crore
against Rs.287 crore in the corresponding quarter previous year. The EBIDTA
increased by 40% to Rs.734 crore compared to Rs.524 crore in the corresponding
quarter previous year. The consolidated cargo handled
is 25.34 MMT an increase of 15% over the corresponding quarter a year ago.
Adani ports continue to be the 2nd
largest commercial port of India both in total cargo as well as in the
containers.
Progress on Other Port
Projects and Other Highlights:
All
the other operational ports in Dahej and Abbot point are performing well and
ports at Hazira and container terminal in Mundra are completed. Goa, Vizag,
Tuna Tekra are on course.
About The
Adani Group
The Adani
Group is one of India’s leading business houses with revenue of over $8 billion
for financial year 2012.
Founded in
1988, Adani has grown to become a global integrated infrastructure player with
businesses in key industry verticals - resources, logistics and energy. The
integrated model is well adapted to the infrastructure challenges of the emerging
economies. It multiplies the benefit of synergy and economies of scale both for
the Group and for the customers.
We live and
work in the communities where we operate and take our responsibilities to
society seriously. The Group protects biodiversity in ecologically sensitive
areas like Mundra and undertakes initiatives to reduce CO2 emissions. At Adani,
we deliver benefits to our customers and customers’ customers.
Resources means obtaining coal from mines and trading; in future it
will also include oil and gas
production.
Adani is developing and operating mines in India, Indonesia
and Australia as well as importing and trading coal from many other countries.
Currently, we are the largest coal importer in India. We also have extensive
interests in oil and gas exploration.
Extractive capacity is scheduled to increase from 3 million
MT of thermal coal in 2011 to 200 million MT per annum by 2020, making Adani
one of the largest mining groups in the world.
Logistics denotes
a large network of ports, Special Economic Zone (SEZ) and multi-modal logistics
- railways and ships.
Adani owns and operates three ports – Mundra and Dahej in
India and Abbot Point in Australia. The Mundra Port, which is the largest
private port in India, benefits from deep draft, first-class infrastructure and
SEZ status.
Adani is also developing ports at Hazira, Mormugao,
Visakhapatnam and Kandla in India and Dudgeon Point in Australia. Our aim is to increase our annual cargo handling capacity from
78 million MT in 2012 to 200 million MT by 2020.
Energy involves power generation & transmission and gas
distribution.
Adani is the largest private thermal power producer in
India. Our power generation capacity is expected to increase from 4,660 MW in
2012 to 10,000 MW by the end of 2013.
We are currently developing
six power projects for generating 16,500 MW of power across Gujarat,
Maharashtra, Rajasthan and Madhya Pradesh. Our aim is to generate 20,000 MW by
2020.
For further information, please contact:
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Roy
Paul
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Hiral
Vora
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Adani
Group
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Adfactors
PR
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Tel:
91-79-25556628
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Tel:
91-22-67574202
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media@adani.com
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hiral.vora@adfactorspr.com
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