Adani Ports Q3 Results: Profit Up 14% to Rs 2,518 Crore, Cargo Volume Grows 4%

Adani Ports and Special Economic Zone Q3 Net Profit Rises 14% to Rs 2,518 Crore, Cargo Volume Up 4%

Adani Ports and Special Economic Zone (APSEZ) has reported a 14% year-on-year increase in net profit for the third quarter of fiscal year 2025 (Q3 FY25), reaching Rs 2,518.39 crore. This growth was accompanied by a 4% rise in cargo volume during the same period.

Financial Performance Overview

For the quarter ended December 2024, APSEZ reported a net profit of Rs 2,518.39 crore, up from Rs 2,208.21 crore in the corresponding quarter of the previous year. Revenue from operations for Q3 FY25 stood at Rs 7,963.55 crore, marking a 15.07% increase from Rs 6,920.10 crore in the year-ago quarter.

EBITDA and Guidance

Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) for the December quarter grew by 15% year-on-year to Rs 4,802 crore, compared to Rs 4,186 crore in the same period last year. For the first nine months of FY25 (9M FY25), APSEZ's EBITDA surged 19% to Rs 14,019 crore, up from Rs 11,820 crore in the same period last year.

Reflecting its strong performance, APSEZ has increased its FY25 EBITDA guidance to Rs 18,800-18,900 crore from the earlier range of Rs 17,000-18,000 crore.

Cargo Volume Performance

Adani Ports reported cargo volumes of 113 million metric tonnes (MMT) in Q3 FY25, a 4% increase from 109 MMT in the year-ago quarter. During 9M FY25, APSEZ handled 332 MMT of cargo, representing a 7% year-on-year growth. This growth was led by a 19% increase in container volumes, an 8% rise in liquids and gas cargo, and growth in dry and dry bulk cargo (including iron ore, limestone, minerals, and coking coal). However, there was a decline in imported non-coking coal.

Adani Ports' all-India cargo market share for the first nine months of FY25 stood at 27.2%, up from 26.5% in FY24.

Other Key Highlights

• During 9M FY25, Adani Ports' revenue grew by 14% year-on-year, EBITDA by 19%, and net profit by 32%.
• EBITDA margin increased to 62% in 9M FY25, compared to 60% in the same period last year.
• The company closed the Gopalpur and Astro Offshore transactions, worth over Rs 4,600 crore, in Q3.
• Net debt to trailing twelve months EBITDA stood at 2.1 times, compared to 2.3 times in FY24.
• Adani Ports has implemented a Trucking Management Solution (TMS) driven by a technology platform.
• Container market share for 9M FY25 reached 45.2%, up from 44.2% in FY24.

Adani Ports and Special Economic Zone's Q3 FY25 results demonstrate the company's continued growth trajectory, driven by increased cargo volumes and operational efficiencies. The upward revision in EBITDA guidance further reflects the company's positive outlook for the remainder of the fiscal year.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

Categories: Adani Ports, APSEZ, cargo volume, EBITDA, Q3 Results