APSEZ posted revenue from operations at Rs 6,956.32 crore, up 11.3 per cent as against Rs 6,247.55 crore during the first quarter of previous fiscal year.
Adani Ports And Special Economic Zone Ltd on Thursday released its fiscal first quarter earnings with profit at Rs 3,112.83 crore, reporting a growth of 47.2 per cent on-year. This is in comparison to Rs 2,114.72 crore posted during the corresponding quarter of FY24. It posted revenue from operations at Rs 6,956.32 crore, up 11.3 per cent as against Rs 6,247.55 crore during the first quarter of previous fiscal year. The company EBITDA stood at Rs 4,847crore, up 29 per cent on-year.
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Ashwani Gupta, Whole-time Director & CEO, APSEZ, said, “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.”
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The company posted a cargo volume growth of 8 per cent YoY to 109 MT, primarily driven by Containers (up 18 per cent YoY) and Liquids & Gas (up 11 per cent YoY). “We had a temporary disruption leading to a loss of 5.7 MMT at the Gangavaram Port, which is now fully restored,” it said in a statement. Mundra port, APSEZ stated, handled the highest quarterly volume by any Indian port (51 MMT). Further, the company posted the highest ever quarterly rail cargo (0.16Mn TEUs, up 19 per cent YoY) and GPWIS volume (5.56 MMT, up 28 per cent YoY).
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During the quarter in review, rakes count increased to 131 from 127 at FY24 end. Warehousing capacity, during Q1FY25, increased to 2.9 million sqft with the addition of warehouse at Palwal (2.4 million sq. ft as of FY24 end). Agrisilo capacity was at 1.2 MMT and is expected to increase to 4 MMT on completion of the projects underway, the company said.
