ADANIPORTS / Q1-FY24 / claim-ledger

Audit the questions that mattered.

Adani Ports · Analyst questions, management answers, and the quality of the response where the ledger is available.

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PositiveQ1-FY24 · 2023-07-20Back to quarter ↗

Questions audited

Answered directly

63%

Numeric claims

Consistency

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Question ledger

What was answered, and how?

Sumit Kishore · Axis Capital

partial

Phasing of warehousing ramp-up to 60 million sq ft and associated CapEx.

We have roughly as of right now 5 million square feet under construction. We would be looking to add roughly 10 million square feet every year in order to reach that target.

Sumit Kishore · Axis Capital

direct

Disaggregate logistics rail volumes into EXIM and domestic.

Roughly 90% of our volume is EXIM, 10% is domestic.

Aviram Iyer · Deutsche Bank

direct

Debt and cash numbers at end of quarter.

The total gross debt is INR 48,800 crore, and cash is INR 9,800 crore. Total net debt is about INR 39,000 crore.

Achal Lohade · JM Financial

evasive

Why maintain 370-390 MMT guidance despite 100 MMT quarterly run-rate?

We can't be changing the guidance on a quarterly basis. At the right point in time, we might like to change the guidance, but not at this point in time.

Achal Lohade · JM Financial

partial

Revenue loss estimate from cyclone impact.

We lost 2 million tons of handling volume because of the cyclone.

Paras Shah · HSBC

evasive

Haifa margins and strategy for Colombo and Vizhinjam.

It's hard to give you exactly what will be the margins, because it will all depend on how much we are able to negotiate with the unions.

Shabad Thadani · Arkhan Capital

evasive

Plans for partial tender of Adani Ports '24s bonds.

We would look at strategically when to do the repayments. That is still on cards. We will keep it open in terms of to look at it opportunistically.

Asmita Sidhu · MetLife Investment Management

direct

Ramp-up plan from 14% to 100% renewable energy by 2025.

We are in implementation of 250 megawatts of renewable energy, which we expect to be commissioned by April 2024. With that we would be reaching roughly 90% of the renewable shares.

Atul Tiwari · Citi

partial

Market share in EXIM container logistics and volume growth outlook.

From Mundra perspective, ALL's market share from all the rail volume moving out of Mundra is roughly at around 13%-14%. But for a pan-India basis, let me come back to you.

Vishal · Silverdale

direct

Reconciliation of cash balance and restricted vs unrestricted cash.

The difference is consolidated versus standalone. The one in the annexure is standalone. All the cash is actually unrestricted.

Pulkit Patni · Goldman Sachs

direct

Criteria for port acquisitions outside India.

Returns have to be same as India, if not more. Good partners, significant market share, and value add to existing portfolio.

Nikhil Nigania · AllianceBernstein

direct

Path to 500 MMT FY25 guidance without further acquisitions.

500 million tons is predominantly from our existing assets. It also takes into account Colombo as well as Vizhinjam coming online fully.