Adani Ports Reports Significant Growth In H1 FY25 With 42% Net Profit Increase

On Tuesday, Adani Ports and Special Economic Zone Ltd (APSEZ) has announced a remarkable 42% increase in net profit for the first half of the fiscal year 2025, reaching Rs 5,520 crore, up from Rs 3,881 crore during the same period last year.

This substantial growth reflects the company’s robust performance amidst a recovering economy.

In the second quarter of FY25, APSEZ achieved a net profit of Rs 2,413 crore, representing a 37% increase compared to Rs 1,762 crore recorded in the corresponding quarter of the previous fiscal year.

The company reported a 13% year-on-year rise in operating revenue, totaling Rs 14,627 crore for H1 FY25, with ports revenue alone contributing Rs 12,824 crore – a growth of 11% over the previous year.

Cargo volumes also showed positive momentum, increasing by 9% year-on-year to reach 220 million metric tonnes (MMT) in the first half of the fiscal year, largely driven by a 19% rise in container traffic.

Happy To See Growth Driving Our Net Profit, Says Ashwani Gupta

Ashwani Gupta, Whole-time Director and CEO of APSEZ stated, “We are happy to witness continued growth across our operations, with our existing ports delivering strong volume ramp-ups and new capacity additions progressing as planned in Gopalpur, Vizhinjam and Colombo.”

During the quarter, the company expanded its marine fleet with the addition of 26 offshore support vessels.

The logistics segment also experienced significant growth, enhancing last-mile connectivity through increased rakes, warehousing, Multi-Modal Logistics Parks (MMLPs), and agri-silos.

Gupta further highlighted, “Mundra Port’s remarkable milestone of crossing 100 MMT in 181 days and our cargo volume trajectory reaffirm our confidence in delivering our FY25 cargo guidance and hitting the upper end of our EBITDA guidance for the year.”

Additionally, EBITDA (excluding forex) rose 21 percent year-on-year to reach Rs 9,217 crore for the April-September period.

In terms of operational developments, the Vizhinjam port welcomed the largest cargo ship ever to dock in South Asia, the MSC Claude Girardet, with plans for commercial operations to commence by December.

APSEZ completed the acquisition of Gopalpur Port and secured an 80% stake in Astro Offshore, a global offshore support vessel operator, bolstering its fleet with 26 new vessels.

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