Adani Ports Q3 results: Net profit rises 14% to Rs 2,520 cr, revenue up 15%
Adani Ports and Special Economic Zone Q3 FY25 results: Cargo handling capacity grew marginally by 4%
 "Adani Ports Q3 results: Net profit rises 14% to Rs 2,520 cr, revenue up 15%")
Adani Ports and Special Economic Zone Limited (APSEZ) on Friday reported a 14 per cent rise in its consolidated net profit at Rs 2,520.26 crore for the third quarter (Q3) of the financial year 2024-25 (FY25) amid a slower pace of growth in cargo volumes. The company had reported Rs 2,208.41 crore in net profit during the same period last year.
Sequentially, the Adani Group's ports arm saw a marginal 3 per cent rise in net profit from Rs 2,445 crore.
The company’s cargo handling capacity, which is a key metric for port operators, grew by just 4 per cent during the quarter. This was significantly lower than the 10 per cent and 7.5 per cent growth rates observed in the previous two quarters and well behind the 44 per cent increase recorded in the same quarter last year.
Despite the sluggish growth, consolidated revenue from operations stood at Rs 7,963.55 crore for the quarter that ended on December 31. This was a 15 per cent rise year-on-year (Y-o-Y) from Rs 6,920.10 crore. Sequentially, revenue went up 12.7 per cent from Rs 7,067.02 crore.
ALSO READ: Adani Enterprises Q3 result: Profit drops sharply by 97% to Rs 58 crore Ports revenue increased by 11 per cent Y-o-Y to Rs 17,172 crore, while logistics revenue saw a significant rise of 22 per cent, totaling Rs 1,852 crore. The company’s earnings before interest, taxes, depreciation, and amortisation (Ebitda) (excluding forex) grew by 19 per cent to Rs 14,019 crore, with an improved Ebitda margin of 62 per cent. Based on these strong results, the FY25 Ebitda guidance has been revised to Rs 18,800-18,900 crore, the company said in an exchange filing.
On the expense side, total expenses rose by 13 per cent to Rs 5,190.53 crore, compared to Rs 4,588.10 crore in the year-ago period. The increase in costs, although not drastic, was one of the factors that dampened overall profitability despite the healthy revenue growth.
Shares of APSEZ were trading at Rs 1082.35 on the BSE a 1:30 pm, down 1.36 per cent after the Q3FY25 financial results were released.