Adani Ports raises FY27 guidance as Q2 revenue rises 24% to ₹11,340 crore

What happened

• Revenue from operations rose 24% to ₹11,340 crore from ₹9,167 crore, Upstox and Kotak Neo reported. Upstox gave net profit as ₹3,622 crore against ₹3,109 crore, up 17%; Kotak Neo and Angel One gave ₹3,682 crore, up 18%, and Angel One put the year-earlier figure at ₹3,120.20 crore.
• Upstox put EBITDA at ₹6,806 crore against ₹5,550 crore, up 23%, with a margin of 60.02% against 60.54%; Kotak Neo gave ₹6,807 crore. Upstox said domestic ports revenue rose 13% at a 72.5% EBITDA margin, international ports revenue 71%, logistics 21% and marine 57%. Kotak Neo gave international ports revenue as ₹1,839 crore, with EBITDA of ₹878 crore against ₹261 crore and volumes of 24 million tonnes against 10 million, and domestic cargo as 118 million tonnes.
• Both outlets said guidance for FY27 was raised by ₹1,000 crore at each end: revenue to ₹44,000-46,000 crore and EBITDA to ₹26,000-27,000 crore. Kotak Neo gave the earlier ranges as ₹43,000-45,000 crore and ₹25,000-26,000 crore. Capital expenditure guidance is ₹15,000-17,000 crore, ₹3,000 crore higher. Upstox gave net debt to EBITDA as 1.8 times and first-half operating cash flow as ₹13,327 crore.
• Upstox's report is timed at 1:42 PM, Angel One's at 2:57 PM and Kotak Neo's at 5:09 PM. Angel One had the shares at ₹1,763.90, up 0.54%, at 1:46 PM. They closed at ₹1,755 against ₹1,754.50 on Tuesday on Kite data, a rise of 0.03% by my calculation.

Why it matters

Good to know: EBITDA is earnings before interest, tax, depreciation and amortisation, a measure of operating earnings. Guidance is the range a company itself gives for the coming financial year.

Key facts

Revenue from operations

₹11,340 crore (₹9,167 crore a year earlier), up 24%

Net profit

₹3,622 crore, up 17%, per Upstox; ₹3,682 crore, up 18%, per Kotak Neo

EBITDA, per Upstox

₹6,806 crore (₹5,550 crore); margin 60.02% (60.54%)

FY27 revenue guidance

₹44,000-46,000 crore (earlier ₹43,000-45,000 crore)

FY27 EBITDA guidance

₹26,000-27,000 crore (earlier ₹25,000-26,000 crore)

Read the source

• Adani Ports Q2 result: Net profit jumps 17% YoY; firm raises revenue, EBITDA guidance for FY27Upstox
• Adani Ports Q2 FY27 Results: Revenue Rises 24% To ₹11,340 Crore, Profit Grows, And Full-Year Guidance Gets RaisedKotak Neo
• Adani Ports Share Price in Focus After Q2 FY27 Earnings Results: Total Income Up 16.1% YoYAngel One

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