Adani Ports H1FY2025 net profit up 42% at Rs 5,520cr

Adani Ports reported a 42 percent increase in net profit at Rs 5,520 crore for the first half of financial year 2024-25 compared to Rs 3,381 crore in the same period last year.

Revenue increased 13 percent to 14,627 crore on nine percent increase in cargo handled at 220 million tonnes, primarily driven by containers (up 19 percent YoY), says an official release.

For the second quarter of FY2025, revenue increased six percent to Rs 7,067 crore and net profit was up 37 percent at Rs 2,413 crore.

“We are pleased to witness continued growth across our operations, with our existing ports delivering strong volume ramp-ups and new capacity additions progressing as planned in Gopalpur, Vizhinjam and Colombo,” says Ashwani Gupta, Whole-time Director & CEO, Adani Ports and Special Economic Zone Limited (APSEZ).

“During the quarter, we also diversified our marine fleet, adding 26 offshore support vessels. Our logistics business too achieved robust growth, enhancing last-mile connectivity through expansions in rakes, warehousing, MMLPs and agri-silos. Mundra Port’s 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. These results underscore APSEZ’s commitment to sustainable growth and operational excellence.”

Vizhinjam port docked the largest cargo ship ever to arrive in South Asia (MSC Claude Girardet), the release added. The port is expected to start commercial operations by December 2024.

Adani Ports has completed the acquisition of Gopalpur Port and the acquisition of 80 percent stake in global offshore support vessel operator Astro Offshore, the release added.