Adani Ports Share Price: Adani Ports and Special Economic Zone Ltd. (APSEZ) has released robust financial results for the quarter ending September 2024, showing impressive year-on-year growth. The company’s net profit surged 37% to ₹2,412 crore compared to ₹1,762 crore in Q2FY24. This marks a significant milestone for Adani Ports, solidifying its position as a leading player in India’s logistics and port infrastructure sector.
Despite the impressive year-over-year performance, Adani Ports reported a 22% decline in net profit from the previous quarter, where profits stood at ₹3,107 crore. Revenue also dipped sequentially, decreasing by 8% to ₹7,372 crore from ₹8,054 crore in Q1FY25. However, the company’s performance remains strong with total income rising 6% from Q2FY24, indicating steady operational growth.
In the first half of FY25, APSEZ achieved a net profit of ₹5,520 crore, a 42% increase over the same period last year. With H1FY25 income reaching ₹15,427 crore, the company continues its upward trajectory, driven by increased cargo volume and strategic expansions. Cargo volume alone saw a 9% year-on-year increase, hitting 220 million metric tons (MMT), with ambitious projections of reaching between 460 MMT and 480 MMT for FY25.
APSEZ CEO, Ashwani Gupta, attributed the growth to several key operational milestones, including expansions in the ports of Gopalpur, Vizhinjam, and Colombo, and a diversified marine fleet. Additionally, the Mundra Port set a record by moving 100 MMT of cargo in just 181 days, underscoring the company’s efficiency and growth potential. The logistics arm also saw notable growth, with improvements in last-mile connectivity through expansions in rail, warehousing, and agri-silos.
The company’s EBITDA guidance for FY25 is projected at the upper range of ₹17,000 to ₹18,000 crore, with expected revenue reaching up to ₹31,000 crore. With the strategic acquisitions of Gopalpur Port and Astro Offshore completed, alongside new port concession agreements, APSEZ is primed to meet its fiscal targets.
Following the Q2 earnings announcement, Adani Ports’ share price has shown resilience, trading near ₹1,357 on the NSE. Investors remain optimistic, buoyed by the company’s positive financials and strategic focus on expanding cargo capabilities and port infrastructure. As APSEZ continues to expand its footprint, it remains well-positioned to capitalize on India’s growing logistics and trade market, making Adani Ports a key stock to watch.
