Adani Ports and Special Economic Zone Limited (BOM: 532921)

Adani Ports and Special Economic Zone Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Revenue	278,399	267,106	208,519	171,188	125,496	114,388
Revenue Growth (YoY)	18.58%	28.10%	21.81%	36.41%	9.71%	4.70%
Cost of Revenue	93,167	91,854	69,711	57,244	39,450	37,108
Gross Profit	185,232	175,252	138,808	113,944	86,046	77,280
Selling, General & Admin	1,121	1,121	521.7	434.6	208.8	168.5
Other Operating Expenses	15,152	14,964	9,388	8,490	5,726	5,603
Operating Expenses	56,802	54,970	44,157	39,918	27,008	22,574
Operating Income	128,430	120,282	94,651	74,026	59,038	54,706
Interest Expense	-26,288	-27,062	-25,487	-25,213	-20,534	-19,090
Interest & Investment Income	9,972	9,972	12,466	19,447	17,652	16,777
Earnings From Equity Investments	-2,109	-1,617	477.8	173.9	-142.7	-43.9
Currency Exchange Gain (Loss)	-705.6	-1,128	-18,863	-8,721	7,152	-16,264
Other Non Operating Income (Expenses)	3,978	2,229	3,338	689.5	-1,186	2,703
EBT Excluding Unusual Items	113,278	102,675	66,584	60,403	61,979	38,789
Gain (Loss) on Sale of Investments	194.1	194.1	207.1	54.1	-	4,343
Gain (Loss) on Sale of Assets	6,122	88.9	603.2	561.8	887.3	-124.9
Asset Writedown	-	-	-12,734	-	-	-
Legal Settlements	-2,159	-2,159	-	-	-	-
Other Unusual Items	-1,834	138.5	208.5	-3,847	53.8	-567.9
Pretax Income	115,601	100,937	54,869	57,171	62,920	42,439
Income Tax Expense	18,174	15,346	960.4	7,640	12,433	4,594
Earnings From Continuing Operations	97,428	85,592	53,909	49,532	50,487	37,845
Net Income to Company	97,428	81,040	53,909	49,532	50,487	37,845
Minority Interest in Earnings	631.5	66.5	-820	-671.5	-544.4	-214
Net Income	98,059	81,106	53,089	48,860	49,943	37,631
Net Income to Common	98,059	81,106	53,089	48,860	49,943	37,631
Net Income Growth	54.74%	52.78%	8.65%	-2.17%	32.72%	-5.69%
Shares Outstanding (Basic)	2,160	2,160	2,160	2,160	2,032	2,051
Shares Outstanding (Diluted)	2,160	2,160	2,160	2,160	2,032	2,051
Shares Change (YoY)	-5.58%	-	0.02%	6.29%	-0.95%	-0.95%
EPS (Basic)	45.40	37.55	24.58	22.62	24.58	18.35
EPS (Diluted)	45.40	37.55	24.58	22.62	24.58	18.35
EPS Growth	63.89%	52.78%	8.63%	-7.96%	33.99%	-4.79%
Free Cash Flow	83,397	76,013	27,585	66,064	52,041	37,804
Free Cash Flow Per Share	38.61	35.19	12.77	30.59	25.61	18.43
Dividend Per Share	-	6.000	5.000	5.000	5.000	3.200
Dividend Growth	-	20.00%	0%	0%	56.25%	1500.00%
Gross Margin	66.53%	65.61%	66.57%	66.56%	68.56%	67.56%
Operating Margin	46.13%	45.03%	45.39%	43.24%	47.04%	47.82%
Profit Margin	35.22%	30.36%	25.46%	28.54%	39.80%	32.90%
Free Cash Flow Margin	29.96%	28.46%	13.23%	38.59%	41.47%	33.05%
EBITDA	166,433	156,640	126,518	103,655	79,023	70,327
EBITDA Margin	59.78%	58.64%	60.67%	60.55%	62.97%	61.48%
D&A For EBITDA	38,002	36,358	31,866	29,630	19,984	15,621
EBIT	128,430	120,282	94,651	74,026	59,038	54,706
EBIT Margin	46.13%	45.03%	45.39%	43.24%	47.04%	47.82%
Effective Tax Rate	15.72%	15.20%	1.75%	13.36%	19.76%	10.82%
Revenue as Reported	300,534	282,100	224,046	193,425	145,198	137,344
Advertising Expenses	-	1,019	407	253	97.3	103.6

Source: S&P Capital IQ. Standard template. Financial Sources.