Adani Ports Delivers Strong Q4 FY25 Performance with Consolidated Net Profit rising by 50% on Operational Momentum, Share Price increases 4%

Adani Ports and Special Economic Zone (APSEZ) reported a strong financial performance for the fourth quarter of FY 2024-25. The company posted a consolidated net profit that rose by 50% year-on-year (YoY) to ₹3,023 crore in the quarter ending March 2024, compared to ₹2,025 crore in the same period last year. 

Operational revenue also saw an increase, climbing 23% YoY to ₹8,488 crore. Total income for APSEZ rose by approximately 22% to ₹8,769.63 crore from ₹7,199.94 crore, although total expenses also increased from ₹4,450.52 crore to ₹5,382.13 crore. The Earnings before interest, taxes, depreciation, and amortization (EBITDA) for the fourth quarter rose by 24% YoY to ₹5,006 crore, up from ₹4,044 crore in the corresponding quarter last year. The EBITDA margin stood at 59% in Q4, which was consistent with the year-ago period. 

Drivers of Performance

This growth was powered by healthy cargo growth, a surge in logistics volumes, and margin expansion across key businesses. Cargo volumes for the quarter reached 117.9 million metric tonnes (MMT), an increase of 8% from 108.7 MMT in Q4FY24. The company also witnessed a 23% YoY jump in container volumes during the quarter, driven by strong growth in both domestic and international segments.

The logistics business was a significant contributor to revenue growth, nearly doubling to ₹1,030 crore in Q4FY25 from ₹560 crore a year earlier, supported by expansion in trucking and integrated freight services. Logistics EBITDA reached ₹181 crore, improving margins to 18%. The marine services vertical also saw strong performance, with revenue increasing 125% YoY to ₹361 crore and EBITDA surging 167% to ₹259 crore.

Operational and Strategic Expansion

Mundra Port led operational performance in Q4, handling 50.7 MMT, a YoY rise of 11% and became the first Indian port to cross 200 MMT in a single fiscal year. APSEZ expanded its global presence by starting operations at Colombo’s West International Terminal and advancing the acquisition of Australia’s North Queensland Export Terminal. Domestic operations were bolstered with new terminals at Vizhinjam and Gopalpur, with Vizhinjam achieving a key milestone of 100,000 TEUs.

Shareholder Return

In a move to reward shareholders, the company's Board has recommended a dividend of ₹7/- (@ 350%) per equity share of ₹2/- each fully paid-up for the financial year 2024-25.

Market Reaction

The Q4FY25 results have had a positive impact on the share price of the Company. The Company’s shares are trading at ₹1,264.50, with an increase of 4%.

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