Adani Ports and Special Economic Zone Ltd (APSEZ) has reported a significant 40% surge in net profit to Rs 2,445 crore for the quarter ending September 30, 2024. The company’s net profit stood at Rs 1,748 crore in the same quarter of the previous year. Adani Ports reported a 6% increase in revenue from operations to Rs 7,067 crore in Q2FY25, up from Rs 6,646 crore in Q2FY24.
The company’s total income for Q2FY25 stood at Rs 7,372.37 crore, up from Rs 6,951.86 crore in Q2FY24. The total expenses of the company for Q2FY25 were Rs 4,433.96 crore. It was Rs 4,477 crore in Q2FY24.
“We are pleased to witness continued growth across our operations, with our existing ports delivering strong volume ramp-ups and new capacity additions progressing as planned in Gopalpur, Vizhinjam and Colombo,” said Ashwani Gupta, Whole-time Director & CEO, Adani Ports.
He further added, “During the quarter, we also diversified our marine fleet, adding 26 offshore support vessels. Our logistics business too achieved robust growth, enhancing last-mile connectivity through expansions in rakes, warehousing, MMLPs and agri-silos. Mundra Port’s remarkable milestone of crossing 100 MMT in 181 days and our cargo volume trajectory reaffirm our confidence in delivering our FY25 cargo guidance and hitting the upper end of our EBITDA guidance for the year. These results underscore APSEZ’s commitment to sustainable growth and operational excellence.”
As of 2:50 pm on October 29, Adani Ports’ stock price surge 0.54% to Rs 1,360.45 per share on BSE. The intraday range for the company’s shares was Rs 1,322.20-1,371.
Adani Ports: Financial Highlights
- The Company sustains earnings growth, with H1 FY25 profit after tax (PAT) surging 42% to Rs 5,520 crore.
- The company’s PAT for H1 FY24 stood at Rs 3,881 crore.
- Adani Ports revenue from operations stood at Rs 14,023.34 crore in H1FY25.
- The company’s revenue from operations was Rs 12,893.96 crore in H1FY24.
- Adani Ports handled 220 million metric tons (MMT) of cargo during H1FY25, representing a 9% year-on-year (YoY) growth.
- Adani Ports EBITDA jumped 21%, driven by robust performance.
- During this period, The company achieved key milestones: acquiring Gopalpur Port and Astro Offshore, and signing two port concession agreements.
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