Adani Ports Q3 Results: Stock falls up to 7% despite FY25 EBITDA guidance raised

Adani Ports & Special Economic Zone Ltd. has increased its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) guidance for financial year 2025 after reporting its December quarter results on Thursday, January 30.

The company now expects its full-year EBITDA to be between ₹18,800 crore to ₹18,900 crore from the earlier guidance of ₹17,000 crore to ₹18,000 crore.

For the full year, the Cargo Volume guidance has been maintained between 460 MMT to 480 MMT, while the revenue guidance has also been left unchanged between ₹29,000 crore to ₹31,000 crore.

For the first nine months of the financial year, Adani Ports reported cargo volumes of 332 MT. This implies that the ask rate for the fourth quarter goes up to 128 MT to 148 MT for the company to meet the lower and upper end of the guidance respectively.
Adani Ports expects the full-year capex to remain between ₹10,500 crore to ₹11,500 crore, with net debt-to-EBITDA ratio between 2.2 times to 2.5 times.

For the December quarter, Adani Ports’ net profit grew by 14% from last year to ₹2,520 crore. For the first nine months of the year, the company’s profit has crossed the mark of ₹8,000 crore.

Revenue for the quarter stood at ₹7,964 crore, a growth of 15% from last year’s figure of ₹6,920 crore.

Adani Ports’ EBITDA also grew by 15% year-on-year to ₹4,802 crore, while margins were down 20 basis points to 60.3% from 60.5% earlier.

Shares of Adani Ports, that were trading higher before the earnings announcement, fell as much as 7% to the day’s low despite the guidance increase. The stock is down 4.9% at ₹1,043.