Recovery of port volumes, market share gains bode well for Adani Ports

For Adani Ports, after a 27 per cent volume fall in the June quarter, they increased 6 per cent in July.

The gradual recovery of port volumes and market share gains are expected to reflect positively on volumes and revenues of India’s largest private port operator, Adani Ports and SEZ (Adani Ports). This along with cost cutting efforts and higher realisations are expected to offset some of the pain on the volume front. 

The bottoming out of cargo volumes is a key trigger for the company. After a slight growth of 1.7 per cent year-on-year in financial year 2019-20 (FY20) because of the global slowdown and trade wars, cargo volumes dipped 20 per cent due to Covid-19. While volumes continue to be