On Thursday, Adani Ports and the Special Economic Zone revealed a 47% increase in their net earnings for the June quarter. In comparison to the June 2023 quarter's Rs 2,114.72 crore profit, net profit increased to Rs 3,112 crore. Profit exceeded market projections. Adani Ports' first-quarter EBITDA increased by 29% to a record-breaking Rs 4,848 crore from Rs 3754 crore in the June 2023 quarter.
In Q1 of the previous fiscal year, the EBITDA margin was 61.43%; in Q1 of this year, it was 71.70%. Compared to Rs 6,248 crore in the first quarter of the previous fiscal year, revenue increased 21% to Rs 7,560 crore in the June 2024 quarter—the biggest amount ever.
In the June 2024 quarter, earnings per share (EPS) increased to Rs 14.41 from Rs 9.79 crore in the same period the previous year.
Today's afternoon session saw a 2.19% increase in Adani Ports' stock price on the BSE to Rs 1604.15. The company's market capitalization was Rs 3.43 lakh crore.
"FY25 has begun on a strong note for us with stellar performance on both financial and growth fronts," stated Ashwani Gupta, Whole-time Director & CEO, APSEZ. Financially speaking, we reported record profits. Had it not been for the brief disruption at Gangavaram Port, which has since been fully restored, our Q1 cargo volume would have increased by 13% to 114.7 MMT. We secured a port O&M contract as well as two new port concessions, which represents expansion. We are honored that the World Bank's Container Port Performance Index 2023 included four of our ports."
