Adani Ports’ Q1FY25 Quarter Results
Adani Ports’ revenue increased over 21% YoY
- 02 Aug 2024
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- Adani Ports reported a 11.9% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter ended June (Q1FY25). On a year-on-year (YoY) basis, it witnessed a growth of 21.5%.
- Its expenses for the quarter were down by 4.8% QoQ and up by 4.3% YoY.
- The net profit grew 54.2% QoQ and 46.6% YoY.
- The earnings per share (EPS) of Adani Ports stood at 14.4 during Q1FY25.
Adani Ports’ Financial Statements for Q1FY25:
| (Rs, crores) | Q1FY24 | Q4FY24 | Q1FY25 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total income | 6,631 | 7,200 | 8,054 | 11.9% | 21.5% |
Total expenses | 4,065 | 4,451 | 4,239 | -4.8% | 4.3% |
Profit before tax | 2,491 | 2,341 | 3,593 | 53.5% | 44.2% |
Tax | 371 | 326 | 485 | 48.8% | 30.7% |
Profit after tax | 2,119 | 2,015 | 3,107 | 54.2% | 46.6% |
Earnings per share | 9.8 | 9.4 | 14.4 |
Financials:
- Revenue Growth: Adani Ports saw a 21.5% YoY increase in revenue, reaching ₹8,054 crores, up from ₹6,631 crores in Q1FY24.
- Net Profit: Net profit grew by 54.2% QoQ and 46.6% YoY, amounting to ₹3,107 crores.
- Domestic ports’ EBITDA: expanded by 32 bps to 72% due to better asset sweating.
- Revenue from Operations: was ₹6,956.32 crores, an 11.3% increase compared to ₹6,247.55 crores in the same quarter of FY24.
- EBITDA: ₹4,847 crores, showing a 29% year-on-year growth. Domestic Ports contributed ₹3,990 crores to EBITDA, and logistics contribution was at ₹144 Crores.
- Earnings Per Share (EPS): EPS stood at ₹14.4 for Q1FY25, a significant rise from ₹9.8 in Q1FY24.
Management Commentary:
Mr. Ashwani Gupta, full-time director & CEO of APSEZ, said,
“FY25 has begun on a strong note for us with a 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. On the growth front, we won two new port concessions and a port O&M contract. We are proud that four of our ports featured in World Bank’s Container Port Performance Index 2023.”
Data Source: BSE, Company announcements
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