Adani Ports share price: HSBC reiterates Buy rating with Rs 660 target price
Adani Ports EBITDA growth improved to 38% yoy vs 4% yoy in Q2 FY21 due to the inclusion of Krishnapatnam port (KPCL) which was acquired in October, margin improvement and accelerated market share gains. Adani Ports’s throughput growth (ex-KPCL) accelerated to 19% yoy vs 7% in Q2 FY21 and vs 7% for all India cargo growth.
Adani Ports overall market share increased to 28% (vs 24% in Q2 FY21), while its container market share increased to 43% (vs 39% in Q2 FY21): ANI