Adani Ports Reports Strong October With 37.9 MMT Cargo Volume

Adani Ports and Special Economic Zone (APSEZ) has declared a robust operational performance for October, reporting a total cargo volume of 37.9 million metric tonnes (MMT). This significant monthly figure contributed to a cumulative year-to-date (YTD) volume of 257.7 MMT, marking an 8 per cent increase compared to the same period last year.

The growth was largely driven by a 19 per cent increase in container traffic and a 9 per cent rise in liquid and gas cargo. APSEZ's logistics segment also saw strong results, with rail volumes increasing by 11 per cent year-on-year to 0.36 million twenty-foot equivalent units, and General Purpose Wagon Investment Scheme volumes up by 18 per cent to 12.5 MMT.

In its July-September quarterly financial results, APSEZ reported a consolidated net profit increase of 37 per cent year-on-year, reaching Rs 2,412 crore, aligning closely with market projections. This gain is up from Rs 1,761 crore in the same quarter last year.

Adani Ports and Special Economic Zone (APSEZ) posted a strong performance in the second quarter, with revenue rising 6 per cent year-on-year to Rs 7,067 crore. The company’s net profit surged 37 per cent to Rs 2,412 crore, slightly below the forecasted Rs 2,601 crore. Ebitda increased by 12.6 per cent, reaching Rs 4,369 crore, while the Ebitda margin expanded to 61.8 per cent, surpassing the anticipated 60.2 per cent and improving from the previous year’s 58.4 per cent.