Adani Ports and Special Economic Zone Limited (APSEZ) showcased robust operational performance in September 2024, with total cargo handled reaching 37.5 MMT, marking a 14% year-on-year (YoY) increase. The growth was primarily driven by a significant rise in container cargo, which grew by 31% YoY. Liquids and gas also contributed to the increase, showing an 11% YoY growth.
H1 FY25 Performance and Outlook
For the first half of FY25 (H1), APSEZ handled a record 219.8 MMT of total cargo, which is an 8.5% YoY increase, the highest ever for the company during this period. Containers were a significant contributor with a 19% YoY growth, followed by liquids and gas at 8%.
Despite disruptions at the Gangavaram port in the first quarter, APSEZ remains on track to meet its FY25 cargo guidance, with contributions expected from Vizhinjam and Gopalpur ports in the latter half of the financial year.
Key Milestones and Logistics
Mundra Port crossed a notable milestone by handling over 100 MMT in just 181 days (101.1 MMT for H1). Additionally, the logistics segment of APSEZ saw significant improvements, with rail volumes growing by 11% YoY to 0.31 Mn TEUs and GPWIS volumes expanding by 20% YoY to 10.7 MMT.
