Adani Ports Records Strong Q2 Growth: Profit Soars by 37%

Adani Ports and Special Economic Zone (APSEZ) reported a 37% increase in net profit for Q2 2024-25, reaching Rs 2,413.54 crore, driven by higher revenues and efficient operations. The company's total income rose to Rs 7,372.37 crore, while EBITDA saw a 13% year-on-year growth.

Adani Ports and Special Economic Zone (APSEZ) announced a 37% surge in consolidated net profit for the quarter ending September 2024, amounting to Rs 2,413.54 crore. This achievement was primarily fueled by increased revenue streams.

The company reported a total income of Rs 7,372.37 crore for July-September 2024-25, up from Rs 6,951.86 crore in the same period last year. APSEZ also managed to trim its total expenses slightly to Rs 4,433.96 crore.

Looking ahead, APSEZ is optimistic about achieving the top end of its FY25 EBITDA guidance of Rs 17,000-18,000 crore, with continued expansion plans and significant milestones, such as Mundra Port crossing the 100 MMT mark in 181 days.

(With inputs from agencies.)