Riding on container volumes, Adani Ports and Special Economic Zone (APSEZ) clocked a 14 per cent year-on-year growth in profit after tax (PAT) for the third quarter of financial year 2024-25.
Propelled by a growth in revenues, the profits of the company grew to ₹2,518 crore in the October-December quarter. Revenues grew 15 per cent to ₹7,964 crore. The company handled 113 million tonnes (mt) of cargo during the quarter, a growth of 4 per cent year on year. During the first nine months of FY25, APSEZ clocked 332 mt of cargo volume, registering a growth of 9 per cent. In this period, container volumes grew 19 per cent and liquid and gas by 8 per cent.
“I am excited to share the fantastic momentum we have achieved during 9M FY25, driven by exceptional execution across three 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. We have also upgraded our FY25 EBITDA forecast to ₹18,800-18,900 crore,” said Ashwani Gupta, Whole-time Director & CEO, APSEZ.
During November 2024, Mundra port in Gujarat handled 396 vessels and executed 845 vessel movements, making it the highest-ever monthly achievement by the port. Mundra port also exported a record breaking 5,405 cars in a single consignment during the month. In this quarter, Gangavaram Port launched container terminal operations with the inaugural EXIM vessel call of MV Synergy Keelung, while Vizhinjam Port commenced commercial operations, post-extensive trials. During the trial period, the port handled 70-plus vessels and 1.47 lakh containers.