Adani Ports and Special Economic Zone (APSEZ) reported a 47 per cent increase in its consolidated net profit, reaching Rs 3,107 crore for the April-June quarter.
This rise is largely attributed to higher income from the ports segment. The company reported a net profit of Rs 2,119 crore in the corresponding period of the previous fiscal year.
At 3:00 pm, the shares of the company were trading at Rs 1,589 price level, up by nearly 1.25 per cent on the National Stock Exchange.
Total income surged to Rs 8,054.18 crore in the quarter under review from Rs 6,631.23 crore in the year-ago quarter.
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Expenses rose to Rs 4,238.94 crore in the period from Rs 4,065.24 crore a year ago.
APSEZ Whole-time Director & CEO Ashwani Gupta 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 per cent increase.," he added.
Revenue grew by nearly 21 per cent year-on-year, reaching Rs 7,560 crore in Q1FY25. EBITDA stood at 4,848 crore, up by 29 per cent. Domestic ports contributed significantly to this figure, accounting for Rs 3,990 crore, while the logistics segment contributed Rs 144 crore.
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EBITDA margin for domestic ports expanded by 32 basis points to 72 per cent owing to "better asset sweating."
On the ESG front, APSEZ received a score of 11.3 from Sustainalytics, which puts the company in the "Low" risk category. The company also secured a 95 percentile score in the port sector for low carbon transition.
On year-to-date basis, the share price of Adani Ports and SEZ have surged by more than 50 per cent on NSE.
(With inputs from PTI)
