Adani Ports’ Q1FY25 Quarter Results

• 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:

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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