Adani Ports Delivers Strong Quarterly Performance, Outlook Remains Robust

Adani Ports and Special Economic Zone (APSEZ), India’s largest port developer and operator, has announced another solid quarter of financial results

Revenue for the quarter grew 19% to Rs. 6896.5 crore compared to the same period last year.

Earnings before interest, taxes, depreciation and amortization (EBITDA) increased 24% to Rs. 4045 crore while margins expanded to 58.6%.

The strong Q4 performance helped APSEZ achieve its guidance targets for the full fiscal year despite macroeconomic headwinds faced globally.

For FY24, APSEZ recorded a 28% YoY jump in annual revenue to Rs. 26711 crore and net profit growth of 50% to Rs. 8104 crore.

APSEZ has aggressively expanded its portfolio through strategic acquisitions, strengthening its position as India’s largest integrated transport utility.