Adani Ports Q1 Results: Cons PAT climbs 47% YoY to Rs 3,113 cr, revenue up 11%

Billionaire Gautam Adani's cash cow Adani Ports on Thursday reported that its June quarter consolidated profit jumped 47.2% year-on-year (YoY) to Rs 3,113 crore vs Rs 2,115 crore in the previous fiscal's corresponding quarter.

The company's revenue, on the other hand, rose 11.34% YoY to Rs 6,956.32 crore in Q1.

Adani Ports' quarterly EBITDA jumped 13.1% to Rs 4,245 crore while its margins improved to 61% from 60.1% in the Q1 of FY24.


"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," said APSEZ CEO Ashwani Gupta.

During the quarter, APSEZ clocked 109MMT of cargo volume (up 8% YoY), primarily driven by containers (up 18% YoY) and
Liquids & Gas (up 11% YoY). The ports operator had a temporary disruption leading to a loss of 5.7 MMT at Gangavaram Port, which is now fully restored.

At 51 MMT, Mundra Port handled the highest ever quarterly volume by any Indian port while Adani Ports also recorded highest ever quarterly rail cargo (0.16Mn TEUs, up 19% YoY) and GPWIS volume (5.56 MMT, up 28% YoY). The container volume handled at MMLPs increased by 27% YoY to 103,784 TEUs.

Domestic ports EBITDA expanded by 32 bps to 72% due to better asset sweating while net debt to TTM EBITDA at quarter-end stood at 2.1x, Adani Ports said.

For FY25, the company has given a guidance of Rs 29,000-31,000 crore revenue, Rs 17,000-18,000 crore EBITDA and 460-480 MMT cargo. It expects net debt to EBITDA to rise to 2.2–2.5x and has planned a capex of Rs 10,500-11,500 crore for the financial year.

Following the announcement of the Q1 results, shares of Adani Ports were trading 1% higher at Rs 1,586 on BSE.