Good News For Gautam Adani As His Company Reports 32% Net Profit Growth In First Three Quarters Of 2024-25 News24 –

It was good news for Gautam Adani as Adani Ports and Special Economic Zone Ltd reported a 32% growth in net profit for the first three quarters of 2024-25. For the period from April to December 2024, the company posted a net profit of Rs 8,038 crore, up from Rs 6,089 crore in the same period last year, according to the company’s earnings data released on January 30.

In the October-December quarter, the Adani Group’s ports business posted 14 per cent growth in net profit at Rs 2518 crore, as against Rs 2208 crore a year ago quarter.

Adani Ports and Special Economic Zone Limited (APSEZ) declared its results for the quarter and nine months ending December 2024.

Also, the company closed Gopalpur and Astro Offshore transactions worth over Rs 4,600 crores in the October-December quarter.

In a piece of good news, S&P Global CSA ranked Adani Ports SEZ among the Top 10 most sustainable global companies in the transport and transport infrastructure industry.

Ashwani Gupta, Whole-time Director and CEO, APSEZ, said he was “excited to share the fantastic momentum we have achieved during 9M FY25, driven by exceptional execution across 3 key areas of our business” — market share gains coupled with volume-price mix increase, traction in logistics vertical, and operational efficiencies along with technology-led gains.

“On the logistics front, in line with our commitment earlier in the year, we launched a new trucking platform, which is being integrated across the rest of the logistics value chain and will make us a true integrated Transport Utility. We have also upgraded our FY25 EBITDA forecast to Rs 18,800-18,900 crores,” Gupta added.

“This prestigious recognition (by S&P Global CSA reflects our focus on imbibing sustainability across our operations,” said Ashwani Gupta, Whole-time Director and CEO, APSEZ.

“Our domestic ports saw year-on-year revenue growth of 11 per cent, along with 80 points increase in EBITDA margin. Overall, India cargo market share increased to 27.2 per cent, while container market share went up to 45.2 per cent. Logistics revenue grew by 22 per cent, driven by double digit growth in container and GPWIS volumes,” he said in a video message separately.

“Our international operations revenue increased by 16 per cent driven by Astro and Tanzania operations. We commenced operations at Vizhinjam Port. Vizhinjam both more than 140 vessels during the trial period and has handled 70,000 TEUs in its first month of operations. We also closed the acquisition of Gopalpur Port and Tanzania concession,” he added.

“We added five new vessels to Astro Offshore’s fleet of 26 at the time of acquisition, taking the total to 31 OSVs now. We also placed India’s largest orders for eight harbour tugs with Cochin Shipyard. This order aligns with government’s Make in India and Atmanirbhar Bharat initiatives. We will continue to invest in marine assets in line with our roadmap to become one of the world’s largest operators,” he further said.