Adani Ports And Special Economic Zone Ltd on Thursday released its fiscal third quarter earnings report with profit at Rs 2,520.26 crore, posting a growth of 14.12 per cent in comparison to Rs 2,208.41 crore recorded during the same period of previous fiscal year. It posted revenue from operations at Rs 7,963.55 crore for the quarter in review, up 15.08 per cent as against Rs 6,920.10 crore during the third quarter of FY24. The company EBITDA went up by 15 per cent YoY to Rs 4,802 crore.
The company has also upgraded FY25 EBITDA forecast to Rs 18,800-18,900 crore.
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During the 9 month period of FY25, APSEZ clocked cargo volume at 332 MMT, up 7 per cent YoY, led by growth in containers (+19 per cent YoY), liquids and gas (+8 per cent YoY) and dry and dry bulk cargo (iron ore, limestone, minerals, coking coal, etc), partially offset by decline in imported non-coking coal.
Adani Ports said that all-India cargo market share for 9MFY25 stood at 27.2 per cent, up from 26.5 per cent in FY24. Container market share for 9MFY25 stood at 45.2 per cent, up from 44.2 per cent in FY24.
APSEZ said that logistics continued to demonstrate momentum with growth across container volume (0.48 Mn TEUs, +9 per cent YoY), bulk cargo (16.1 MMT, +13 per cent YoY) and container volume handled at MMLPs (3,33,419 TEUs, +19 per cent YoY).
Ashwani Gupta, Whole-time Director & CEO, APSEZ, said, “I am excited to share the fantastic momentum we have achieved during 9MFY25, driven by exceptional execution across 3 key areas of our business – market share gains coupled with volume-price mix increase, traction in logistics vertical, and operational efficiencies along with technology-led gains. On the logistics front, in line with our commitment earlier in the year, we launched a new trucking platform, which is being integrated across the rest of the logistics value chain and will make us a true integrated Transport Utility.”
During November ’24, APSEZ said that Mundra handled 396 vessels and executed 845 vessel movements, making it the highest ever monthly achievement by the port.
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