October 29, 2024
New Delhi, India
Adani Ports Q2 Results
Key Financial Highlights
- Adani Ports and Special Economic Zone Ltd. (APSEZ) reported a 37% year-on-year (YoY) increase in net profit for Q2 FY25, reaching ₹2,412.54 crore, up from ₹1,761.63 crore in the same quarter last year.
- Total income rose 6% YoY to ₹7,372.37 crore, as compared to ₹6,951.86 crore in Q2 FY24.
- Sequentially, however, net profit declined by 22% from ₹3,107.23 crore in the June quarter, while total income dropped by over 8% from ₹8,054.18 crore.
H1 FY25 Performance and Strategic Growth
For the first half of FY25, Adani Ports achieved a 42% YoY rise in net profit, totaling ₹5,519.77 crore, compared to ₹3,881.01 crore in the previous year. Total income also saw a 13.5% YoY increase to ₹15,426.55 crore.
Operational Highlights
- Cargo volume reached 220 million metric tonnes (MMT) in H1 FY25, marking a 9% YoY increase.
- Mundra Port set a new record, crossing the 100 MMT mark in just 181 days.
- The company’s logistics segment grew significantly, with increases in rail volumes (11% YoY) and container volumes at multi-modal logistics parks (MMLPs), up by 21% YoY to 215,958 twenty-foot equivalent units (TEUs).
- Adani Ports expanded its marine fleet, adding 26 offshore support vessels and strengthening last-mile connectivity with new warehousing facilities, rakes, and agri-silos.
Strategic Investments and Future Goals
APSEZ completed strategic acquisitions, including Gopalpur Port and Astro Offshore, and secured two new port concession agreements, advancing its growth in port infrastructure. The company remains optimistic about achieving the upper end of its EBITDA guidance for FY25, estimated between ₹17,000 and ₹18,000 crore. Cargo volume for FY25 is projected between 460 and 480 MMT.
Leadership Statement
Ashwani Gupta, Whole-time Director & CEO of APSEZ, stated, “Our existing ports have shown robust volume ramp-ups, and new capacity additions at Gopalpur, Vizhinjam, and Colombo are progressing as planned. Mundra Port’s milestone of crossing 100 MMT and our cargo volume trajectory reinforce our FY25 goals.”
Latest Q2 Results
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