Adani Ports Q4 Results: Cons PAT jumps 77% YoY to Rs 2,015 crore; firm announces Rs 6/share dividend

Adani Ports and Special Economic Zone today reported a 77% year-on-year (YoY) jump in its consolidated net profit at Rs 2,014.77 crore. The profit stood at Rs 1,139.07 crore in the year-ago period.

The revenue from operations for the said quarter grew 19% YoY to Rs 6,896.50 crore from Rs 5,796.85 crore.

The board of India's largest port operator recommended a dividend of Rs 6 per share.


The company delivered 3X the India cargo growth rate and a record volume of 420 MMT for financial year 2023-2024, registering a volume growth of 24% on a YoY basis, the company filing to the exchanges claimed.

APSEZ's FY24 net profit jumped 50% YoY while the revenue grew by 28% YoY to reach a record Rs 26,711 crore. The earnings before interest, taxes, depreciation and amortisation (EBITDA) jumped 44% YoY to Rs 15,751 crore.

Following the earnings announcement, made during market hours, the shares traded at Rs 1,334.40 on the NSE, up 0.72%.

FY24 key takeaways

• Record PAT of Rs 8,104 crore was despite a write-off of Rs 455 crore resulting from the switch to the new tax regime for one of its subsidiaries.

• Company completed loan pre-payments/repayments of Rs 5,584 crore exceeding the initial guidance of Rs 5,000 crore provided at the start of the year

• The Net debt to EBITDA improved to 2.3X from 3.1X in FY23, despite a capex of Rs 7,416 crore.

• The Rs 6/share dividend payout to incur a cost of Rs 1,300 crore for the company.

• The port operator acquired Gopalpur Port and Karaikal Port to drive growth and improve east-west parity. With this, the total count of ports in the India portfolio increased to 15.

Guidance for FY2025

• Cargo volumes during the period to be 460-480 MMT
• Revenue for the period to be Rs 29,000-31,000 crore
• EBIDTA for the period to be Rs 17,000-18,000 crore
• Net Debt to EBITDA to be 2.2-2.5x
• Capex for the period to be in the range of Rs 10,500-11,500 crore