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ICICI Direct Report
Forex loss impacted Adani Ports and Special Economic Zone Ltd.’s performance.
Revenues grew 7% YoY to Rs 3845 crore (excluding Gangavaram Port Ltd. volume de-growth of 4%).
Adani Ports' Ebitda margins remained range-bound at 62%. Subsequently, absolute Ebitda remained flat at Rs 2383 crore.
However, profit after tax de-grew 21% to Rs 1024 crore due to forex loss of Rs 524 crore.
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