ADANI PORTS
Adani Ports and Special Economic Zone Limited (APSEZ) is the largest commercial ports operator in India accounting for nearly one-fourth of the cargo movement in the country. Its presence across 12 domestic ports in seven maritime states of Gujarat, Maharashtra, Goa, Kerala, Andhra Pradesh, Tamil Nadu and Odisha presents the most widespread national footprint with deepened hinterland connectivity. The Company is promoted by the Adani Group, which has interests across resources (coal mining and trading), logistics (ports, logistics, shipping and rail), energy (renewable, thermal power generation and transmission), agro commodities and ancillary industries.
APSEZ’s strategic asset base with pan-India presence to serve customers: Ports, Terminals, Logistics Parks/ICD, Rakes, Inland Waterways, Warehousing, AgriLogistics, Air Freight Stations, Cold Storage and other logistic services assets. APSEZ is one of the companies having operational excellence with low cost, deft management experience along with world-class technology and people, emphasis on environment, sustainability and corporate governance & sustained profitability and enhanced balance sheet strength.
Adani Port and Special Economic Zone (APSEZ) became the first Indian port operator to handle cargo movement of 200 million tonnes (MT) in 2018-19. The company is liable for the construction of the first international container terminal in Myanmar – to commence operation by January FY21. Flipkart will work with Adani Logistics Limited, the largest diversified end-to-end logistics service provider in the country and a wholly-owned subsidiary of Adani Ports & Special Economic Zone Limited, to strengthen Flipkart’s supply chain infrastructure and further enhance its ability to serve its rapidly growing base of customers. Adani Ports and Special Economic Zone Ltd. completed the acquisition of 100% Dighi Port Limited (DPL) for INR 705 Cr on February 15, 2021. DPL, the 12th port to join APSEZ’s string of economic gateways across the eastern and western coast of India would establish the company’s footprint in Maharashtra, the largest contributor to India’s GDP. APSEZ plans to invest over INR 10,000 Cr to develop the port into a multi-cargo port with world-class infrastructure.
The Board of Directors has recommended a final dividend of Rs. 5.00 per equity share for the year ended March 2021. As per the Q4 results released, APSEZ got a 16.23% sequential decline in the consolidated profit and stood at Rs 1,320.69 crore for the quarter ending March 2021, against the previous quarter at Rs 1576.53 crore while the revenue declined by 3.70% to Rs 3,607.9 crore in this quarter as against Rs 3,746.49 crore in December quarter. Also, PBT fell by 23.53% QoQ & stood at Rs 1,539.05 crore and gross profit margin fell by 4.73% QoQ. The revenue and profit might have declined compared to previous quarters but showed a huge increment when compared to Q4 of the year ended 31st March 2020.
The Q4 results of Adani Ports and Special Economic Zone Limited (APSEZ) were rectitude.
