Adani Ports Q4 results: Net profit soars 50%, revenue up 23%
Adani Ports and Special Economic Zone (APSEZ) announced its results for the fourth quarter ending March 2024 on Thursday.
The company reported a 50% rise in its consolidated net profit, which stood at Rs 3,023 crore. This is an increase from Rs 2,025 crore reported in the same quarter last year.
The company’s revenue from operations for the quarter rose 23% year-on-year to Rs 8,488 crore. Its operating profit, or EBITDA, grew by 24% compared to the previous year, reaching Rs 5,006 crore.
Ashwani Gupta, Whole-Time Director and CEO of Adani Ports, said the strong performance in the January–March quarter and the full financial year was a result of smooth execution and better planning. For the full year FY25, Adani Ports recorded a net profit of over Rs 11,000 crore and handled 450 million metric tonnes (MMT) of cargo.
The growth during the quarter was supported by higher cargo volumes, increased logistics business, and better margins across different divisions. In Q4, cargo volumes rose to 117.9 MMT, up from 108.7 MMT in the same period last year—an 8% increase.
Mundra Port played a major role in the overall growth. It handled 50.7 MMT in Q4 alone, which was 11% more than last year. It also became the first Indian port to handle more than 200 MMT of cargo in a single financial year.
Adani Ports also saw a 23% increase in container volumes during the quarter. This was driven by good growth in both domestic and international trade.
The logistics business showed strong performance too. Its revenue nearly doubled to Rs 1,030 crore, compared to Rs 560 crore a year ago. This growth was mainly due to an increase in trucking and full-service freight operations. Logistics EBITDA reached Rs 181 crore, with a margin of 18%.
The marine services division also posted strong results. Revenue grew 125% to Rs 361 crore, and EBITDA rose 167% to Rs 259 crore.
Ashwani Gupta said that the company’s results highlight the strength of its strategy to connect port, logistics, and marine services under one system. He said this consistent delivery has helped Adani Ports prepare for the next stage of its growth.
The company also continued to keep its finances in check. Its net debt-to-EBITDA ratio improved to 1.9 times, better than 2.3 times in the previous year. EBITDA margins remained strong at 59%, supported by better efficiency and scale.
During the quarter, Adani Ports made progress in international markets. It started operations at Colombo’s West International Terminal and also moved ahead with acquiring Australia’s North Queensland Export Terminal. It also increased activities at its new terminals in Vizhinjam and Gopalpur.
Looking ahead, the company expects to earn revenue between Rs 36,000 crore and Rs 38,000 crore in FY26. It has also given a guidance of Rs 21,000 crore to Rs 22,000 crore in EBITDA for the same period
