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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

Adani Ports Q3 Results: Stock Down 7% Despite positive EBITDA Guidance
X

30 Jan 2025 4:30 PM IST

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%.

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