ADANIPORTS / Q2-FY25 / 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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PositiveQ2-FY25 · 2024-10-24Back to quarter ↗

Questions audited

10

Answered directly

65%

Numeric claims

2

Consistency

contradicted

Question ledger

What was answered, and how?

Parash Jain · HSBC

direct

Update on Sri Lanka, Vizhinjam, recent acquisitions, and Haifa Port.

In the second half, we finalized our acquisition transaction in Gopalpur. Vizhinjam is doing better than what we planned. Sri Lanka is also very much on track to start the operations next year in quarter four. Haifa is working 24 by 7.

Asmeeta Sidhu · MetLife Investment Management

direct

Impact of US port labor strikes on Adani ports.

To answer to your question very precisely, no, it does not have any impact on us.

Achal Lohade · Nuvama

partial

Gangavaram volume recovery timeline and margin profile.

Gangavaram is also fast recovering in terms of volume. In quarter three and quarter four, we will make up, specifically in Gangavaram. Company as a whole, we are running ahead of the estimates.

Achal Lohade · Nuvama

deflected

Reason for lower realizations at Dahej and Hazira.

Considering the number that you are quoting, I may have to check and come back to you separately because I don't see that actually in my sheet. Based on publicly published numbers, it should show that actually in both places, we have gone up by at least double digits.

Priyankar Biswas · BNP Paribas

partial

Quarterly volume, revenue, and profitability of Tanzania.

We actually give only the volume, and the volume for this quarter is actually 3 million tons, roughly. Not right now, Priyankar.

Priyankar Biswas · BNP Paribas

direct

Impact of cyclone Dana on Gopalpur operations.

The impact was for four and a half hours, and there was no physical damage, and there was no human impact. So four and a half hours already we have recovered.

Alok Deora · Motilal Oswal

direct

Confidence in achieving full-year volume guidance given H1 weakness.

Containers, we are very much confident. The agro and fertilizers are coming back. In addition to that, we have Gopalpur and Tanzania. So that's why we re-emphasize today our guidance, where the volume between 460-480, we are very much confident of achieving that.

Ketan Jain · Avendus Spark

direct

Key volume growth drivers for the quarter, especially containers.

The main growth pillar in this quarter was container. Mundra grew by 17.6%, Karaikal grew by 6.5%, Ennore grew by 36.3%. Dhamra grew by 18.6%.

Aditya Mongia · Kotak Securities

direct

Market share gains in rail logistics and drivers.

The market share that we are getting into is not from any other MMLP. This is primarily a conversion from road into rail. With the DFC coming in, the ability to double stack is increasing.

Bharanidhar Vijayakumar · Avendus Spark

direct

Rail coefficient at major container ports and change from last year.

32%. So roughly at Mundra, 32% as of this year. It would be roughly around 31% last year.

Sumit Kishore · Axis Capital

evasive

Why domestic port EBITDA per ton is higher than international.

India is a homogeneous market, and all the investment that we make outside India, the market is a bit heterogeneous. EBITDA per ton is not comparable.

Luke Chua · Pictet Asset Management

partial

Use of free cash flow: deleveraging vs dividends given low leverage.

Our long-term target for debt is 2.5 leverage. So we will take appropriate actions. It's not based on one quarter, but it has to be probably seen consistently over a few quarters before we can take action.