Adani Ports Reports 42% Surge in Net Profit, Reaching ₹5,520 Crore in H1 FY25

Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday reported a 42 per cent jump in net profit at Rs 5,520 crore in the first half this fiscal (H1 FY25), compared to Rs 3,881 crore in the same period last fiscal (H1 FY24).

A quarterly indicator, diversified Adani Group flagship reported a net profit of Rs 2,413 crore, up 37 per cent, while the operating revenue rose 13 per cent YoY to Rs 14,627 crore in H1 FY25. Above all, in ports revenue, it grew 11 per cent YoY at Rs 12,824 crore.

Freight volume increased 9 percent year-over-year to 220 million metric tonnes in the June-ended half of the year, mainly driven by containers volumes, which rose 19 percent year-over-year. "We are pleased to see continued growth in each of our operations as volume ramp-ups at existing ports showed strong performance and capacity expansion at new ports was built as planned in Gopalpur, Vizhinjam and Colombo.

The company diversified its marine fleet during the quarter through adding 26 offshore support vessels. Logistics business was also witnessing robust growth; enhancing last-mile connectivity had happened through expansions in rakes, warehousing, MMLPs, and agri-silos.

"Mundra Port's outstanding achievement of surpassing 100 MMT in 181 days and our cargo volume trend reiterate our confidence in meeting our FY25 cargo guidance and delivering the higher end of our EBITDA guidance for the year," said Gupta.

EBITDA (excluding forex) grew 21 per cent YoY to Rs 9,217 crore during the April-September period.

It is reported that the Vizhinjam port received the largest cargo ship to have ever berthed in South Asia, which is the MSC Claude Girardet. The port is expected to start its commercial operation by December.
During the period, the company completed the acquisition of Gopalpur Port and acquired an 80 per cent stake in Astro Offshore, an offshore support vessel operator with a fleet of 26 vessels across the globe.