Adani Ports Q3 Results: Stock Down 7% Despite positive EBITDA Guidance
After reporting its Q3 numbers on January 30, Adani Ports & Special Economic Zone Ltd increased its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for FY25.
Adani Ports Q3 Results: Stock Down 7% Despite positive EBITDA Guidance
After reporting its Q3 numbers on January 30, Adani Ports & Special Economic Zone Ltd increased its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) guidance for the Financial Year 2025.
EBITDA is set to remain between ₹18,800 crore to ₹18,900 crore for the full year from the earlier guidance of ₹17,000 crore to ₹18,000 crore, the company claimed.
While cargo guidance is set to touch between 460 MMT to 480 MMT, revenue guidance has been left unchanged between ₹29,000 crore to ₹31,000 crore.
However, despite positive revenue guidance, Adani Ports tumbled at day’s low of 7%.
During the December quarter, the company reported net profit of ₹2,520 crore, up 14% YoY and for the nine months of the the year, net profit crossed ₹8,000 crore. Revenue from operations came at ₹7,964 crore in Q3FY25, compared to ₹6,920 crore in the corresponding quarter a year earlier.
During today's trading session, Adani Ports and Special Economic Zone Ltd ended at ₹1,074, down 2.09%.