Adani Ports Reports 12% Increase In Cargo Volumes For Q1 FY25

Adani Ports and Special Economic Zone Ltd. (APSEZ) announced a significant 12 per cent year-on-year rise in cargo volumes, reaching 37 million tonnes during the June 2024 quarter of the financial year 2025. This growth was driven by a notable increase in container cargo, which surged 33 per cent year-on-year, and liquids and gas, which rose 8 per cent year-on-year.

In an exchange filing, APSEZ highlighted that Kattupalli Port achieved its highest-ever monthly cargo volume in June, handling 1.36 million metric tonnes (MMT). Overall, the port operator's total cargo volume grew by 7.5 per cent year-on-year, reaching 109 MMT. The primary contributors to this growth were container cargo, which increased by 18 per cent, and liquids and gas, which saw an 11 per cent rise.

The logistics segment also demonstrated strong performance, with quarterly rail volumes up 19 per cent year-on-year to 1.56 lakh TEUs. Additionally, the logistics segment's GPWIS volumes rose 28 per cent year-on-year to 5.56 MMT.

However, Adani Ports faced some turbulence as US-based short-seller Hindenburg Research disclosed receiving a show cause notice from the Securities and Exchange Board of India (SEBI) related to the Adani Group case. The notice reportedly outlines suspected regulatory violations by Hindenburg and highlights the short-seller's relationship with an investor who had already shorted shares of the Adani Group.

Despite the positive operational results, shares of Adani Ports were trading 1.18 per cent lower at Rs 1,457.10 apiece on the NSE. Nevertheless, the stock has seen an impressive rise of about 40 per cent so far this year.