Adani Ports reports 8% YoY growth in cargo volumes in December 2024

Adani Ports And Special Economic Zone Ltd (APSEZ) on Friday released its business update wherein it announced that the company has handled 38.4 MMT of cargo during December 2024, posting a growth of 8 per cent on year-on-year basis. This surge, it added, was primarily driven by container handling which witnessed a 22 per cent YoY growth. The liquid & gas segment also remained a contributor to the total cargo volume with 7 per cent YoY growth, Adani Ports informed in a regulatory filing. 

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For the year-to-date (YTD) period that ended in December 2024 (nine months), Adani Ports handled 332.4 MMT of total cargo, posting a growth of 7 per cent in comparison to the same period last year. This growth, the company added, was supported by containers with a 9 per cent YoY growth, followed by liquids and gas which posted an increase of 8 per cent on-year. 

Further, the company’ logistics rail volumes for the YTD period too reached 0.48 million twenty-foot equivalent units (TEUs), marking a growth of 9 per cent on-year. Also, the General Purpose Wagon Investment Scheme (GPWIS) achieved 16.1 MMT of volumes, posting a surge of 13 per cent YoY. 

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Earlier in October, Adani Ports had reported a net profit of Rs 2445 crore for the second quarter of FY25, up by 39.90 per cent YoY. During the quarter, the company handled a total cargo of 111 MMT, up 10 per cent YoY. 

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