Adani Ports Q2 Results: Profit rises 40% YoY to Rs 2,445 crore

Adani Ports on Tuesday reported a 40% year-on-year (YoY) growth in its consolidated net profit at Rs 2,445 crore for the quarter ended September 2024. It was Rs 1,748 crore in the previous year quarter.

Revenue from operations, meanwhile, rose 6% YoY to Rs 7,067 crore in the reporting period.

The company reported an EBITDA growth of 13% YoY to Rs 4,369 crore in the second quarter, while margins improved to 62%.


"We are pleased to witness continued growth across our operations, with the existing ports delivering strong volume ramp-ups and new capacity additions progressing as planned in Gopalpur, Vizhinjam and Colombo," said Mr Ashwani Gupta, Whole-time Director & CEO, Adani Ports.

Operationally, Adani Ports clocked 220 MMT of cargo volume, which is up 9% YoY in H1 FY25. The growth was primarily driven by containers.

Mundra Port achieved a significant milestone by crossing the 100 MMT mark in 181 days. Vizhinjam port docked the largest cargo ship ever to arrive in South Asia (MSC Claude Girardet).

The company handled 0.31 mn TEUs rail volume, showing a growth of 11% YoY and 10.7 MMT GPWIS volume. The container volumes handled at MMLPs increased by 21% YoY to 215,958 TEUs.

During the quarter, the company also diversified its marine fleet, adding 26 offshore support vessels. Its logistics business too achieved robust growth, enhancing last-mile connectivity through expansions in rakes, warehousing, MMLPs and agri-silos.

"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," said Ashwani Gupta.

On Tuesday, Adani Ports shares closed 0.22% higher at Rs 1,352.5 on NSE.