Ahmedabad, January 30, 2025
Adani Ports and Special Economic Zone Ltd (APSEZ) (BSE: 532921 | NSE: ADANIPORTS) reported strong financial performance for the quarter and nine months ended December 31, 2024, with a notable increase in revenue and profitability.Key Financial Highlights (Consolidated)
(All figures in ₹ Crore)| Particulars | Q3 FY25 | Q2 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 | FY24 (Annual) |
|---|---|---|---|---|---|---|
| Revenue from Operations | 7,963.55 | 7,067.02 | 6,920.10 | 21,986.89 | 19,814.06 | 26,710.56 |
| Total Income | 8,186.90 | 7,372.37 | 7,426.95 | 23,613.45 | 21,010.04 | 28,209.98 |
| EBITDA Margin (%) | 60% | 62% | 60% | 62% | 60% | 59% |
| Net Profit | 2,518.39 | 2,412.54 | 2,208.21 | 8,038.16 | 6,089.22 | 8,103.99 |
| Earnings per Share (₹) | 11.67 | 11.32 | 10.22 | 37.40 | 28.10 | 37.55 |
Segment Performance
- Ports & SEZ Business: Revenue grew to ₹7,413.27 Cr in Q3 FY25, up from ₹6,358.03 Cr in Q3 FY24.
- Logistics & Other Services: Revenue reached ₹892.56 Cr, reflecting a steady increase from ₹623.45 Cr in the prior-year quarter.
Corporate Announcements & Strategic Developments
- Acquisition of Gopalpur Ports: APSEZ acquired a 95% stake in Gopalpur Ports Limited for ₹3,080 Cr in October 2024.
- International Expansion: Through its subsidiary, the company acquired 80% of Astra Offshore Group for $194.78 million to strengthen its offshore logistics business.
- Divestment Gains: The company divested a 49% stake in Adani Ennore Container Terminal for ₹248.54 Cr, realizing a gain of ₹603.27 Cr.
- Debt Reduction: APSEZ fully redeemed $325 million in senior notes due in July 2024, significantly improving its leverage ratio.
Management Commentary
Karan Adani, CEO of Adani Ports, stated:"Our sustained growth trajectory underscores APSEZ's operational excellence and strategic expansion. The recent acquisitions and divestments align with our vision to create long-term value. With strong cash flow generation and improving efficiency, we remain on track to surpass our annual targets."
Strategic Outlook
- The company expects continued cargo volume growth, driven by higher EXIM trade and container traffic expansion.
- Expansion into new international ports and offshore logistics will drive long-term profitability.
- The debt-to-equity ratio improved to 0.77x, signaling a strong financial position.