Adani Ports and Special Economic Zone Ltd (APSEZ) has released first-quarter results registering its highest-ever EBITDA and profit after tax.
EBITDA reached INR 4,848 crore ($578 million), while profit reached INR 3,107 crore ($371 million), marking a 29 per cent and 47 per cent increase year-on-year (YoY) respectively.
APSEZ handled 109 million tonnes of freight during the quarter, an increase of 8 per cent year-on-year (YoY).
Containers (increased 18 per cent YoY) and Liquids & Gas (up 11 per cent) were the primary growth drivers.
The Indian conglomerate noted that it had experienced a momentary interruption that resulted in a loss of 5.7 metric tonnes (MMT) at Gangavaram Port, which has already been fully recovered.
Mundra Port handled the greatest quarterly volume of any Indian port (51 MMT). Quarterly rail freight (160,000 TEU, up 19 per cent YoY) and GPWIS volume (5.56 million MMT, up 28 per cent YoY) were the highest ever recorded.
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Container volume handled at MMLPs climbed 27 per cent year on year to 103,784 TEU.
With the construction of the Palwal warehouse, warehousing capacity grew to 2.9 million square feet. (2.4 million square feet at the end of FY24).
Agrisilo capacity was 1.2 MMT, and it is planned to expand to 4 MMT once the ongoing developments are completed.
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Ashwani Gupta, Whole-time Director and CEO of APSEZ, said: “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 per cent increase. On the growth front, we won two new port concessions and a port O&M contract.”
In July, APSEZ announced the arrival of its first containership at the Vizhinjam port, India.
