Share the post "Adani Ports and Special Economic Zone : Q1 2024 Financial Quarterly Report : YoY Sales Up 32.51 %, QoQ Down 3.73 %"
Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 32.51 % in the past year, decrease in net sales/revenue by -3.73 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 89.15 %. Marginal increase in other income during this quarter, up by 62.58%.
- Profit over the Year and quarter: Significant improvement in profitability for Adani Ports and Special Economic Zone Limited. Notable increase of 96.9 % in net profit Year to Year, Adani Ports and Special Economic Zone Limited’s profitability increased by 24.58 % in this quarter.
- EPS over the Year and quarter: EPS increased by 97.25 % Year to Year. EPS increased by 24.65 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1426.61 Cr | Rs. 1963.59 Cr | Rs. 1890.43 Cr | -3.73 % | + 32.51 % |
| Expenses | Rs. 450.7 Cr | Rs. 766.96 Cr | Rs. 830.73 Cr | + 8.31 % | + 84.32 % |
| Operating Profit | Rs. 975.91 Cr | Rs. 1196.63 Cr | Rs. 1059.7 Cr | -11.44 % | + 8.59 % |
| OPM % | 68.41 % | 60.94 % | 56.06 % | -4.88 % | -12.35 % |
| Other Income | Rs. 450.17 Cr | Rs. 523.75 Cr | Rs. 851.51 Cr | + 62.58 % | + 89.15 % |
| Interest | Rs. 683.13 Cr | Rs. 731.47 Cr | Rs. 655.03 Cr | -10.45 % | -4.11 % |
| Depreciation | Rs. 160.18 Cr | Rs. 162.44 Cr | Rs. 163.77 Cr | + 0.82 % | + 2.24 % |
| Profit before tax | Rs. 582.77 Cr | Rs. 826.47 Cr | Rs. 1092.41 Cr | + 32.18 % | + 87.45 % |
| Tax % | 32.37 % | 24.63 % | 28.97 % | + 4.34 % | -3.4 % |
| Net Profit | Rs. 394.11 Cr | Rs. 622.9 Cr | Rs. 775.99 Cr | + 24.58 % | + 96.9 % |
| EPS in Rs | Rs. 1.82 | Rs. 2.88 | Rs. 3.59 | + 24.65 % | + 97.25 % |
Today, we’re looking at Adani Ports and Special Economic Zone Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 32.51 %. However, it did see a marginal slip of -3.73 % from the previous quarter. Expenses ticked up slightly by 8.31 % quarter-on-quarter, aligning with the annual rise of 84.32 %. Operating profit, while up 8.59 % compared to last year, faced a quarter-on-quarter dip of -11.44 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -12.35 %, but a shrinkage of -4.88 % sequentially. Other income rose by 62.58 % compared to the last quarter, despite an annual growth of 89.15 %. Interest expenses dropped significantly by -10.45 % from the previous quarter, yet the year-over-year decrease remains at a moderate -4.11 %. Depreciation costs climbed by 0.82 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 2.24 %. Profit before tax grew annually by 87.45 % but saw an increase from the preceding quarter by 32.18 %.
Tax expenses as a percentage of profits decreased slightly by -3.4 % compared to last year, with a more notable quarter-on-quarter increase of 4.34 %. Net profit rose by 96.9 % year-on-year but experienced a 24.58 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 97.25 % but a quarterly rise of 24.65 %. In summary, Adani Ports and Special Economic Zone Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1426.61 Cr | Rs. 1963.59 Cr | Rs. 1890.43 Cr | -3.73 % | + 32.51 % |
| Expenses | Rs. 450.7 Cr | Rs. 766.96 Cr | Rs. 830.73 Cr | + 8.31 % | + 84.32 % |
| Operating Profit | Rs. 975.91 Cr | Rs. 1196.63 Cr | Rs. 1059.7 Cr | -11.44 % | + 8.59 % |
| Net Profit | Rs. 394.11 Cr | Rs. 622.9 Cr | Rs. 775.99 Cr | + 24.58 % | + 96.9 % |
| EPS in Rs | Rs. 1.82 | Rs. 2.88 | Rs. 3.59 | + 24.65 % | + 97.25 % |
In reviewing Adani Ports and Special Economic Zone Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 32.51 % year-on-year growth, although there was a slight dip of -3.73 % from the previous quarter. Expenses rose by 84.32 % compared to the previous year, with a 8.31 % increase quarter-on-quarter. Operating Profit surged by 8.59 % annually, and saw a -11.44 % decrease from the last quarter.
Net Profit showed yearly increase of 96.9 %, and experienced a 24.58 % increase from the previous quarter. Earnings Per Share (EPS) rose by 97.25 % annually, however rose by 24.65 % compared to the last quarter. In essence, while Adani Ports and Special Economic Zone Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
