Page 24 - Adani Ports

Adani Ports: Improving balance sheet offers comfort

Reduction in borrowing, expanding share of non-coal products and non-Mundra ports are positives

Fitch rates Adani Ports' proposed USD notes as BBB-(EXP)

APSEZ owns and operates 10 ports across the Indian coastline

Adani Ports, Motherson Sumi, J&K Bank, VA Tech Wabag hit 52-week high

24 stocks from the S&P BSE 500 index hit their respective 52-week highs on BSE.

S&P ups outlook on Adani Ports to stable from negative

Global ratings agency Standard and Poor's (S&P) today revised up the outlook on Adani Ports to 'stable' from 'negative' on expectation of better operating performance and limiting related-party lending. "Our stable outlook reflects our expectation that Adani Ports & SEZ will maintain consistent operating performance and leverage, and limit related-party transactions over the next 12-24 months," the agency said in a note. The agency, however, affirmed its rating on the company at 'BBB-' as it expects the company, which runs the largest private sector operator port in Mundra in Gujarat, will sustain its improved operating performance supported by healthy revenue growth and strong pre-tax margins at 63-65 per cent levels. The company should also commit to maintain the funds from operations to debt ratio at 15-20 per cent, it added. "We also understand that the management is committed to prevent a recurrence of incidences such as a sharp increase in related-party loans in ...

Adani Ports Q4 net profit up 27% to Rs 1,179 crore

Shares of the company ended 2.41% up at Rs 340.05 on BSE

Adani Port rally: A good time for investors to cash in

With a year-to-date gain of nearly 33 per cent, Adani Ports' stock has convincingly entered the list of large-cap winners in 2017. Many factors have led to this rally, the most significant one being the closure of inter-corporate loans and advances. While announcing the September 2016 quarter's results, the management promised its investors that loans extended to group companies, worth Rs 3,500 crore, would be fully repaid by the end of the financial year (end-March). The announcement on April 4 showed this had been done. Analysts view this development very positively, as a demonstration of the management's commitment. Group stocks such as Adani Enterprise, Adani Power and Adani Transmission also recently touched their 52-week highs, as a ripple effect of closure on inter-corporate borrowings. Also interesting is that Adani Ports' stock price movement mirrors the 30 per cent year-to-date increase in the Baltic Dry Index, the global measure of change in the cost to ship various raw ...

Adani Ports Q3 net profit jumps 26% to Rs 850 cr

Company said it handled 41 mt cargo during the quarter, up 8% from corresponding quarter last year

Adani Ports to develop 3rd phase of Mundra Port for Rs 6,000cr

It is touted as one of the top multi-purpose ports in the country in terms of traffic

Adani Ports to raise $500 mn via foreign currency bonds

Earlier this week, APSEZ had said it is contemplating issuing foreign currency denominated bonds

Adani Ports: Sailing beyond Mundra

Capex on newly acquired ports & expansion on eastern coastline strengthen its strategy

Ports, shipping shares gain as Cabinet approves bill to empower major ports

Adani Ports, Gujarat Pipavav, SCI, GE Shipping, Allcargo Logistics and Essar Shipping were up 2% to 10% on BSE

Adani Ports to deleverage further: Fitch Ratings

APSEZ is looking to deleverage further on the back of higher income, loan recoveries and capital expenditure

Adani Ports' standalone net profit dips by 13.48% in Q2FY17

The company's net income for the same period has declined by 16.52 per cent to Rs 1,301.87 crore as against Rs 1,559.67 crore

Adani Ports soars as Q2 profit beats forecast

The stock surged 9% to Rs 312 after the company reported 61% YoY jump in profit at Rs 1,091 crore in Q2FY17.

Adani Ports surges on heavy volumes

The stock up 5% to Rs 286 after the company announced a fund raising plan by issuing NCDs on private placement basis.

Adani Ports gains as RBI raises FII limit to 49%

The stock moved higher by 4% to Rs 267 on the NSE.

Adani Ports inks pact to acquire Australia's APB

Under the agreement, APO will acquire 100% of shares in APB from Glencore Coal Queensland Pty Limited upon receiving certain approvals

New strategy clicks for Adani Ports

Sustained volume growth, incremental gains from new ports and plans to reduce inter-corporate loans to keep stock momentum going

Adani Ports extends rally post strong Q1 earnings

In past one-week the stock gained 13% as compared to a marginal 0.3% rise in the S&P BSE Sensex.

APSEZ's consolidated Q1 net up 31% at Rs 836 cr

Company's total income up 11.28% at Rs 2,084 cr; consolidated cargo volumes rise by 7% y-o-y