Adani Ports Q1 Results Highlights: Net Profit Jumps 47%, Stock Climbs 

Adani Ports and Special Economic Zone reported a 47% increase in net profit for the June quarter. The net profit rose to ₹3,112 crore compared to ₹2,114.72 crore in the same period last year. The Q1 EBITDA of Adani Ports surged by 29% to ₹4,848 crore, marking the highest ever, up from ₹3,754 crore in the June 2023 quarter.

Adani Ports Q1 Results Highlights

On Thursday, Adani Ports and Special Economic Zone reported a 47% increase in net profit for the June quarter. The net profit rose to ₹3,112 crore compared to ₹2,114.72 crore in the same period last year.

The profit exceeded market expectations. The Q1 EBITDA of Adani Ports surged by 29% to ₹4,848 crore, marking the highest ever, up from ₹3,754 crore in the June 2023 quarter.

The EBITDA margin for Q1 was 71.70%, compared to 61.43% in the first quarter of the previous fiscal year. Revenue increased by 21% to ₹7,560 crore, the highest ever, compared to ₹6,248 crore in the first quarter of the previous fiscal year.

Earnings per share (EPS) rose to ₹14.41 in the June 2024 quarter, up from ₹9.79 on a year-on-year basis. Adani Ports' stock saw a 2.19% increase to ₹1,604.15 on the BSE during the afternoon session today. The company's market capitalization stood at ₹3.43 lakh crore.

Adani Ports Management Commentary

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. We are proud that four of our ports featured in World Bank’s Container Port Performance Index 2023."

About Adani Ports Ltd

Adani Ports and Special Economic Zone Ltd (APSEZ), a subsidiary of the Adani Group, is engaged in the development and operation of ports and terminals, as well as logistics parks within multi-product special economic zones. The company provides a range of services including dry bulk cargo, breakbulk cargo, liquid cargo, container cargo, and dredging and marine services.

APSEZ operates several ports, including Tuna, Mundra, Dahej, Hazira, Murmugao, Vizhinjam, Kattupalli, and Ennore. Additionally, the company offers logistics services such as inland container depots, contract logistics, coastal shipping, and inland waterways. APSEZ has operations in Bangladesh, India, Singapore, Australia, and Myanmar, and its headquarters are located in Ahmedabad, Gujarat, India.