Adani Ports and Special Economic Zone (APSEZ) has reported a robust financial performance for the fourth quarter of FY25, reflecting significant growth across key financial metrics.
The company’s revenue for the quarter increased to ₹8,488 crore, representing a 23% rise compared to ₹6,896 crore in Q4 FY24. This growth in revenue is attributed to strong operational performance and an increase in cargo volumes handled at its ports.
Additionally, APSEZ experienced a notable surge in profitability. The net profit for the quarter stood at ₹3,023 crore, marking a 50% increase from ₹2,014 crore recorded in the same period last year.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) for the quarter stood at ₹5,006 crore, reflecting a 24% growth from ₹4,044 crore in Q4 FY24. Profit after tax (PAT) for Q4 FY25 was ₹3,023 crore, marking a 50% year-on-year (YoY) increase from ₹2,015 crore in the same period last year.
For the full financial year FY25, APSEZ reported total revenue of ₹31,079 crore, a 16% growth from ₹26,711 crore in FY24. EBITDA for FY25 was ₹19,025 crore, a 20% increase compared to ₹15,864 crore in FY24. PAT for FY25 was ₹11,061 crore, which is a 37% increase from ₹8,104 crore in FY24.
In terms of operational performance, APSEZ handled 450 million metric tonnes (MMT) of cargo during FY25, a 7% YoY growth from 420 MMT in FY24. This was primarily driven by increased volumes in containers (up 20% YoY), liquids, and gas (up 9% YoY). The company’s market share in India’s cargo sector grew to 27% in FY25, compared to 26.5% in FY24. In the container sector, APSEZ’s market share rose to 45.5% in FY25 from around 44% in the previous year.
One of the notable milestones during the year was Mundra Port becoming the first Indian port to exceed an annual cargo volume of 200 MMT. Additionally, the Vizhinjam Port achieved a significant milestone by crossing 100,000 monthly twenty-foot equivalent units (TEUs) in March 2025, just four months after it became operational.
The logistics segment also showed strong performance, handling 0.64 million TEUs of container volumes (an 8% YoY increase) and 21.97 MMT of bulk cargo (a 9% YoY increase). The number of rakes in the logistics division increased to 132 at the end of FY25, up from 127 at the end of FY24.
In terms of infrastructure development, APSEZ expanded its Multi-Modal Logistics Parks (MMLPs) to 12 locations, while its warehousing capacity grew to 3.1 million square feet from 2.4 million square feet at the end of FY24. The company also focused on the agricultural sector, with its agri silo capacity standing at 1.2 MMT, and plans to expand this capacity to 4 MMT through ongoing construction activities.
