Adani Ports Boosts Cargo Market Share as Profits Hit All-Time High
Newzdaddy Business Updates
Synopsis of the Article
- Adani Ports and Special Economic Zone Ltd. (APSEZ) reported a 32% YoY increase in PAT, crossing ₹8,000 crores for the first time.
- Cargo volumes grew 7% YoY to 332 MMT, with strong growth in container (+19%), liquid & gas (+8%), and dry bulk cargo.
- Revenue increased by 14% YoY to ₹22,590 crores, while EBITDA rose by 19% to ₹14,019 crores, improving margins to 62%.
- APSEZ launched a new Trucking Management Solution (TMS) to streamline logistics, offering real-time tracking and analytics.
- Strategic developments include the closure of Gopalpur and Astro Offshore deals (₹4,600 crores) and a 30-year concession to manage the Dar es Salaam container terminal in Tanzania.
- Vizhinjam port began commercial operations, handling over 70 vessels and 147,000+ containers during the trial phase.
- Mundra Port set new records by handling 396 vessels in November and exporting 5,405 cars in a single consignment.
- Financially stable with a net debt-to-EBITDA ratio of 2.1x, APSEZ secured top ratings from ICRA, India Ratings, and global agencies such as Fitch and Moody’s.
- Ranked among the top 10 global transport companies in S&P Global’s Corporate Sustainability Assessment with a score of 68.
- Received multiple awards, including ‘Shipping Terminal of the Year’ at the Samudra Manthan Awards and ‘Port of the Year – Containerized Cargo’ at the EXIM Star Awards.
With a remarkable 32% year-over-year (YoY) increase in profit after tax (PAT), Adani Ports and Special Economic Zone Ltd. (APSEZ) has once again demonstrated its supremacy in the Indian port and logistics industry, surpassing ₹8,000 crores for the first time. Increased freight volumes, improved operating efficiencies, and a developing logistics industry all contributed to the company’s strong results.
APSEZ’s profits before interest, taxes, depreciation, and amortization (EBITDA) climbed by 19% to ₹14,019 crores in the quarter that ended on December 31, 2024, while its sales increased 14% year over year to ₹22,590 crores. Additionally, the EBITDA margin increased from 60% to 62% last year, demonstrating the company’s sound financial standing.
In the first nine months of FY25, APSEZ handled 332 million metric tonnes (MMT), a 7% YoY increase. The main factors driving the growth were:
Cargo containers (+19%)
Gas and liquid freight (+8%)
Dry bulk goods include coking coal, limestone, and iron ore
APSEZ grew its all-India cargo market share to 27.2% (up from 26.5% last year) despite a drop in non-coking coal imports. Additionally, its market share for containers increased from 44.2% in FY24 to 45.2%, solidifying its position as the industry leader.
To improve efficiency and modernise, APSEZ introduced its Trucking Management Solution (TMS). This AI-powered platform serves as a digital marketplace for trucking operations, facilitating real-time workflow management, price optimization, and smooth tracking. It is anticipated that the new system will boost customer satisfaction and supply chain efficiency.
APSEZ made large expenditures in the growth of ports and logistics, such as:
For ₹4,600 crores, Gopalpur and Astro Offshore assets were acquired.
agreeing to a 30-year concession to run Tanzania’s Dar es Salaam container terminal
Commencing commercial operations at Vizhinjam port, which during its testing period handled more than 70 vessels and 147,000 containers
Starting up at the Netaji Subhas pier at Syama Prasad Mookerjee Port
placing the largest order in India for eight harbour tugs, valued at ₹450 crores, with delivery planned for 2026–2028
In November 2024, Mundra Port, the jewel in the crown of APSEZ, smashed many records, including:
Its busiest month ever, handling 396 vessels and carrying out 845 vessel movements, saw the port export 5,405 cars in a single consignment—a remarkable accomplishment.
The first international export-import (EXIM) ship, the MV Synergy Keelung, docked at Gangavaram port, marking the official start of container terminal operations.
By decreasing its net debt-to-EBITDA ratio from 2.3x to 2.1x in the prior year, APSEZ was able to retain a sound financial position. Additionally, the business obtained excellent credit ratings, which confirmed investor trust:
ICRA: [ICRA] AAA (Stable) and [ICRA] A1+
India Ratings: IND AAA/Stable and IND A1+
S&P Global: BBB- (Outlook revised to Negative)
Moody’s: Baa3 (Outlook revised to Negative)
Fitch: BBB- (Rating Watch Negative)
With a score of 68 on S&P Global’s Corporate Sustainability Assessment (CSA), APSEZ is ranked in the Top 10 global transport firms, demonstrating its continued progress in sustainability. Additionally, the business
was given a “Prime” rating by ISS ESG, which qualifies its bonds and stock for ethical investing.
aims to achieve Net Zero emissions by 2040 and install 1,000 MW of renewable energy.
The 18th ICC Environment Excellence Award 2024 was given to Krishnapatnam Port in the Platinum category.
Several distinguished honors were given to APSEZ in recognition of their dedication to excellence, including:
Mundra Port earned “Port of the Year – Containerised Cargo” at the EXIM Star Awards 2024 and “Shipping Terminal of the Year” at the Samudra Manthan Awards 2024.
Kutch Business Excellence Award for achievements related to CSR and infrastructure
The “Sustenance Organisation Award” for quality enhancements went to Krishnapatnam Port.
At the 2024 Seajob Indian Anchor Awards, Ocean Sparkle was named the “Best Employer of Offshore Fleet.”
With its unprecedented expansion, emphasis on sustainability, and sound financial management, APSEZ is poised to remain at the forefront of India’s port and logistics industry for years.
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