Adani Ports and Special Economic Zone Ltd. (APSEZ) shares rose 3% in morning trade following the release of strong Q4 FY24 earnings. As of 9:15 AM, the shares were trading 3% higher at Rs 1,252.40.
The company posted a 50% year-on-year (YoY) jump in consolidated net profit to ₹3,023 crore, compared to ₹2,025 crore in the same quarter last year.
Operational revenue climbed 23% YoY to ₹8,488 crore, while EBITDA rose 24% to ₹5,006 crore, reflecting strong margin expansion and operational efficiency. The company attributed the impressive performance to robust cargo growth, increased logistics volumes, and enhanced margins.
Total cargo volumes handled during Q4 reached 117.9 million metric tonnes (MMT), up 8% from 108.7 MMT. Mundra Port led the growth, processing 50.7 MMT—a rise of 11% YoY—making it the first Indian port to handle over 200 MMT in a single financial year.
Adani Ports’ logistics division saw revenue surge to ₹1,030 crore in Q4FY25, up from ₹560 crore last year, driven by strong trucking and integrated freight services. The segment reported an EBITDA of ₹181 crore, with margins improving to 18%.
Marine services also posted significant growth, with revenue up 125% YoY to ₹361 crore and EBITDA surging 167% to ₹259 crore.
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