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Adani Ports and Special Economic Zone Ltd said in an analysts conference call that it expects port cargo to grow by 10-14 percent in FY2025, with revenue/EBITDA growth in line.
Adani Ports and SEZ has a significant presence in India’s ports and terminals that handle the bulk of cargo passing through the country’s ports.
A couple of brokerages expect Adani Ports to report a revenue around Rs 7,000 crore, up 45-50 per cent YoY. Income may grow in low single digits.
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Motilal Oswal is bullish on Adani Ports and SEZ recommended buy rating on the stock with a target price of Rs 1410 in its research report dated January 08, 2024.