Adani Ports to announce Q4 earnings today

adaniports

Adani Ports and Special Economic Zone is expected to report robust growth in March 2021 quarter earnings driven by volumes and operating performance. The company will release its quarterly scorecard on May 4.

“We model 29 percent YoY increase in volumes based on monthly updates shared by ADSEZ along with the consolidation of Krishnapatnam port from the second half of FY21,” said Kotak Institutional Equities which sees 280 percent year-on-year growth in profit and 26 percent rise in revenue for the March quarter.

Adani Ports and Special Economic Zone was quoting at Rs 774.40, up Rs 13.15, or 1.73 percent on the BSE.

News source:- Moneycontrol

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