Adani Ports Reports Record Earnings and Growth in Q1 FY25
Ahmedabad – Adani Ports and Special Economic Zone (APSEZ) achieved record financial results for the quarter ending June 30, posting the highest-ever net profit of ₹3,107 crore, a 47% increase year-on-year. The company also reported a record EBITDA of ₹4,848 crore and quarterly revenue of ₹7,560 crore, marking a 21% growth.
The impressive results reflect a strong performance in both financial and operational metrics, with cargo volumes rising 8% to 109 million tonnes (MT) during the April-June quarter. However, a temporary disruption at Gangavaram Port led to a loss of 5.7 MT, although operations have now been fully restored. Without this disruption, cargo volume would have reached 114.7 MT, representing a 13% increase.
Ashwani Gupta, Whole-time Director and CEO of APSEZ, highlighted that the financial performance was bolstered by high earnings and growth despite the temporary setback. “We are pleased with our all-time high earnings and continued growth. Our expansion includes winning two new port concessions and a port operations and management contract,” Gupta stated.
Significant growth in cargo volumes was driven by a 18% increase in container handling and an 11% rise in liquids and gas. Mundra Port, in particular, handled the highest quarterly volume by any Indian port at 51 MT.
APSEZ’s ports, including Mundra, Kattupalli, Hazira, and Krishnapatnam, were featured in the World Bank’s Container Port Performance Index 2023, reflecting high standards in productivity, efficiency, and reliability.
In international expansions, Adani Ports signed a 30-year concession agreement with the Tanzania Ports Authority to manage Container Terminal 2 at Dar es Salaam Port. Additionally, Vizhinjam Port, India’s first transshipment port with advanced container handling technology, welcomed its first mothership, the ‘San Fernando’ from Maersk, underscoring its strategic importance.
The quarter’s achievements align with Prime Minister Narendra Modi’s focus on enhancing ports for prosperity, progress, and productivity.
