Synopsis Revenue from operations, meanwhile, rose 17% year-on-year (YoY) to Rs 4,786 crore for the quarter under review. It was Rs 4,072 crore in the third quarter of last year. Adani Ports Q3 Results: PAT drops 16% YoY to Rs 1,315 cr; revenue up by 17% Adani Ports on Tuesday reported a 16% fall in consolidated net profit at Rs 1,315 crore for the three months ended December 2022. The same was Rs 1,567 crore in the corresponding period of last year. Revenue from operations, meanwhile, rose 17% year-on-year (YoY) to Rs 4,786 crore for the quarter under review. It was Rs 4,072 crore in the third quarter of last year. Following the results announcement, Adani Ports stock was up 5. 21% at Rs 573. 85 apiece on NSE. The company reported an EBITDA (earnings before interest, tax, depreciation and amortisation) of Rs 3,011 crore for the October-December period, up 15%, compared with Rs 2,612 crore in the same quarter last year. Adani Ports expects full-year revenue to be in the range of Rs 19,200-19,800 crore and EBIDTA at Rs 12,200-12,600 crore for FY23. "With the highest ever revenue and EBITDA over a nine-month period, ASPEZ is well placed to achieve the upper end of its full-year revenue and EBITDA guidance provided for FY23," said Karan Adani, CEO and Whole Time Director, Adani Ports and Special Economic Zone. APSEZ is also targeting FY24 EBITDA of Rs 14,500-15,000 crore. "Besides an estimated capital expenditure of Rs 4,000-4,500 crore, we are considering total loan repayment and prepayment of around Rs 5,000 crore, which will significantly improve our Net Debt to EBITDA ratio and bring it closer to 2. 5x by March 24," Karan Adani said. During the nine-month period that ended December, Adani Ports handled 24% of the country’s total cargo. Port EBITDA grew 20% year-on-year (YoY) to Rs 9562 crore during the same period, on the back of strong improvement in realizations and cargo volume growth. With a port EBITDA margin of 70%, Adani Ports said it continues to be one of the most profitable port companies globally. Adani Ports has handled 252. 9 MMT of cargo, with 8% YoY growth. The growth in cargo volume was led by coal (23%), liquid (excluding crude) (8%) and containers (5%). The automobile segment, though a small proportion of overall volumes, saw a 22% jump in volumes. Mundra continues to be the largest container handling port with 4. 88 million TEUs versus 4. 45 million TEUs managed by JNPT during the nine months that ended December period. EBITDA of the logistics business segment jumped 66% YoY to Rs 354 crore, supported by margin expansion of 400 basis points with improved utilization of assets and increased share of the GPWIS revenue stream. "Given our increased focus of providing supply chain solutions to our customers at their doorstep, our logistics business segment is experiencing phenomenal growth," the company said in a filing. Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. click here! In Video: Adani Ports Q3 Results: PAT drops 16% YoY to Rs 1,315 cr; revenue up by 17% Tuesday, 07 Feb, 2023 Experience Your Economic Times Newspaper, The Digital Way! Read Complete Print Edition » Front Page Pure Politics ET Markets Smart Investing More Adani Promoters Prepay $1. 1b Loans Backed by Share Pledges Gautam Adani and his family have repaid ₹9,250 crore ($1. 1 billion) of debt backed by shares early as the cement-to-coal conglomerate sought to soothe investor nerves. This follows a $110 billion erasure of equity value after the Hindenburg report was released on January 24. Govt Against $3b Vedanta Intl Zinc Biz Sale to HZL The government has raised objections to Vedanta Resources’ proposal to sell its international zinc assets for nearly $3 billion to Indian subsidiary Hindustan Zinc (HZL), people aware of the development told ET. Special Situation Funds Lap up Adani Bonds A number of global special situation funds — high-yield and distressed-debt specialists — bought large amounts of foreign currency bonds of Adani Group firms in the days following the January 24 Hindenburg report, three people directly aware of the matter said. Read More News on Adani Ports Q3 Adani Ports Q3 Results Adani Ports Results Adani Ports Q3 earnings Adani Ports earnings adani ports (What's moving Sensex and Nifty Track latest market news , stock tips and expert advice on ETMarkets . Also, ETMarkets. com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds . ) Download The Economic Times News App to get Daily Market Updates & Live Business News. . . . more less Pick the best stocks for yourself Powered by Weekly Top Picks: Eight stocks with consistent score improvement and upside potential of up to 40% 9 mins read 4 stocks with 5 % to 8. 87% dividend yields and continuous dividend payments for 7 years 7 mins read Weekly Top Picks: Seven large & mid caps with consistent score improvement and upside potential of up to 42% 9 mins read What do Q2 LIC results indicate for other Insurance companies? Two Life and 3 non-life Insurance players with “buy” and “strong buy” ratings 3 mins read Large cap stocks with upside potential of more than 25% 4 mins read 5 stocks for a high dividend yielding portfolio 8 mins read Eight midcap stocks, 2 with“ Strong Buy” and 6 with “Buy” recommendations with potential upside of up to 35% 7 mins read Six high ROE and low PEG ratio stocks, right combination for wealth creation 8 mins read View More Stories Subscribe to ETPrime.