Adani Ports’ Q2FY25 Results
Adani Ports’ revenue increased 6% YoY
- 29 Oct 2024
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- Adani Ports reported an 8% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sept (Q2FY25). On a year-on-year (YoY) basis, it witnessed a growth of 6%.
- Its expenses for the quarter were up by 5% QoQ and down by 1% YoY.
- The net profit reduced 22% QoQ and grew 37% YoY.
- The earnings per share (EPS) of Adani Ports stood at 11.3 during Q2FY25.
Adani Ports’ Financial Statements for Q2FY25:
| (₹ crores) | Q2FY24 | Q1FY25 | Q2FY25 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total income | 6,952 | 8,054 | 7,372 | -8% | 6% |
Total expenses | 4,477 | 4,239 | 4,434 | 5% | -1% |
Profit before tax | 2,521 | 3,593 | 2,885 | -20% | 14% |
Tax | 759 | 485 | 473 | -3% | -38% |
Profit after tax | 1,762 | 3,107 | 2,413 | -22% | 37% |
Earnings per share | 8.1 | 14.4 | 11.3 |
Financials:
H1 2024-2025 Results Summary
- Cargo volume grew 9% YoY to 220 MMT
- EBITDA and PAT grew 21% and 42% YoY respectively
- Completed the acquisition of Gopalpur Port and Astro Offshore, signed 2 new port concession agreements
- Well-positioned to hit the upper end of FY25 EBITDA guidance (₹17,000-18,000 Cr)
- Reiterates FY25 cargo volume guidance of 460 MMT- 480 MMT
- “AAA” rating from 4 domestic rating agencies – CRISIL, ICRA, CARE, India Ratings
Management Commentary:
Mr Ashwani Gupta, Whole-time Director & CEO, Adani Ports and Special Economic Zone Limited (APSEZ),
- Continued growth across operations, with strong volume ramp-ups at existing ports.
- Progress on new capacity additions in Gopalpur, Vizhinjam, and Colombo.
- Diversified marine fleet by adding 26 offshore support vessels.
- Robust growth in logistics business, improving last-mile connectivity through expansions in rakes, warehousing, MMLPs, and agri-silos.
- Mundra Port achieved over 100 MMT cargo in 181 days.
- Positive cargo volume trajectory supports FY25 cargo guidance and upper-end EBITDA targets.
- Commitment to sustainable growth and operational excellence.
Data Source: BSE, Company announcements
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