- Highest ever quarterly revenue at Rs. 7,560 Cr (21% YoY growth)
- Highest ever EBITDA and PAT at Rs. 4,848 Cr (up 29% YoY) and Rs. 3,107 Cr (up 47% YoY) respectively
- Net Debt to TTM EBITDA at 2.1x vs 2.3x in FY24
- Ratings upgrade from two domestic rating agencies & outlook upgrade from international rating agency
- Signed two new port concession agreements and won one new port O&M contract
- Arrival of first mothership at the Vizhinjam transshipment port, equipped with South Asia’s most advanced container handling technology
- Mundra Port handled the highest-ever quarterly volume by any Indian port (51 MMT)
NE BUSINESS BUREAU
AHMEDABAD, AUGUST 2
Adani Ports and Special Economic Zone Ltd (APSEZ) on Thursday posted a 47 per cent rise in its consolidated net profit to ₹3,107 crore in the June quarter of the current financial year on account of higher income.
It had reported a net profit of ₹2,119 crore in the April-June period of FY24, the company said in a filing.
Total income surged to ₹8,054.18 crore in the quarter under review from ₹6,631.23 crore in the year-ago quarter.
| Particulars (Rs Cr) | Q1
FY25 |
Q1
FY24 |
Y-o-Y Change |
| Cargo (MMT) | 109.0# | 101.4 | 8%# |
| Revenue | 7,560 | 6,248 | 21% |
| EBITDA (excl. forex) | 4,848 | 3,754 | 29% |
| PAT | 3,107 | 2,119 | 47% |
# Proforma 114.7 MMT cargo, a 13% increase in volume assuming 5.7 MMT loss in Gangavaram port, now fully restored.
“FY25 has begun on a strong note for us with stellar performance on both financial and growth fronts. On the financial front, we posted all-time high earnings. But for the temporary disruption in Gangavaram Port, which is now fully restored, our Q1 cargo volume would have been at 114.7 MMT, a 13% increase.
On the growth front, we won two new port concessions and a port O&M contract. We are proud that four of our ports featured in World Bank’s Container Port Performance Index 2023,” said Ashwani Gupta, Whole-time Director & CEO, APSEZ.
Expenses rose to ₹4,238.94 crore in the period from ₹4,065.24 crore a year ago.
In a statement, the company said during the quarter, APSEZ clocked 109 MMT (Million Metric Tonne) of cargo volume, registering an increase of 8 per cent year-on-year (YoY).
The growth was primarily driven by a YoY increase of 18 per cent in containers and 11 per cent in liquids and gas,” it added.
“We had a temporary disruption leading to a loss of 5.7 MMT at the Gangavaram Port, which is now fully restored,” the company said.
According to the company statement, Mundra Port handled the highest-ever quarterly volume by any Indian port (51 MMT).
While APSEZ’s revenue grew 21 per cent YoY to ₹7,560 crore in Q1 FY25, its EBITDA (excluding forex) jumped 29 per cent to ₹4,848 crore.
The statement said Domestic Ports contributed ₹3,990 crore to EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) and logistics contribution was at ₹ 144 crore.