+
Adani Ports reports 285% y-o-y surge at Rs 1,288 cr in Q4
PORTS & SHIPPING

Adani Ports reports 285% y-o-y surge at Rs 1,288 cr in Q4

Adani Ports and Special Economic Zone (APSEZ) has reported a 285% year-on-year (y-o-y) surge in consolidated net profit for the March quarter at Rs 1,287.81 crore.

APSEZ had posted a profit of Rs 334.39 crore in the same quarter last year. Operating revenue for the company increased 24% to Rs 3,608 crore from Rs 2,921 crore in the same quarter last year. Consolidated operating EBITDA advanced 39% to Rs 2,287 crore.

The company told the media it handled 73 million metric tonnes (mmt) of cargo in the March quarter, up 27% y-o-y. This includes data from Krishnapatnam Port, which was acquired in October 2020 that handled 20 mmt.

Based on the company's internal estimates, APSEZ said in FY22 its guided cargo volume to be in the range of 310-320 mmt, including 10 mmt of Gangavaram port in Q4 FY22.

Consolidated revenue was in the range of Rs 16,000 crore to Rs 16,800 crore, consolidated EBITDA in the range of Rs 10,200 crore to Rs 10.700 crore and free cash flow in the range of Rs 5,500 crore to Rs 6,000 crore, Chairman Gautam Adani told the media.

APSEZ is set to become a truly integrated transport and logistics utility and achieve 500 mmt of cargo throughput and ROCE to be in excess of 20% by FY25.

In FY21, the total operating revenue grew by 6%, from Rs 11,873 crore in FY20 to Rs 12,550 crore. Port revenue increased by 12% to Rs 10,739 crore on account of 11% growth in cargo. Revenues from the logistics business was at Rs 958 crore.

Image Source


Also read: Adani to acquire 58% stake in Gangavaram port

Also read: Adani Ports market cap crosses Rs 1 trillion mark

Adani Ports and Special Economic Zone (APSEZ) has reported a 285% year-on-year (y-o-y) surge in consolidated net profit for the March quarter at Rs 1,287.81 crore. APSEZ had posted a profit of Rs 334.39 crore in the same quarter last year. Operating revenue for the company increased 24% to Rs 3,608 crore from Rs 2,921 crore in the same quarter last year. Consolidated operating EBITDA advanced 39% to Rs 2,287 crore. The company told the media it handled 73 million metric tonnes (mmt) of cargo in the March quarter, up 27% y-o-y. This includes data from Krishnapatnam Port, which was acquired in October 2020 that handled 20 mmt. Based on the company's internal estimates, APSEZ said in FY22 its guided cargo volume to be in the range of 310-320 mmt, including 10 mmt of Gangavaram port in Q4 FY22. Consolidated revenue was in the range of Rs 16,000 crore to Rs 16,800 crore, consolidated EBITDA in the range of Rs 10,200 crore to Rs 10.700 crore and free cash flow in the range of Rs 5,500 crore to Rs 6,000 crore, Chairman Gautam Adani told the media. APSEZ is set to become a truly integrated transport and logistics utility and achieve 500 mmt of cargo throughput and ROCE to be in excess of 20% by FY25. In FY21, the total operating revenue grew by 6%, from Rs 11,873 crore in FY20 to Rs 12,550 crore. Port revenue increased by 12% to Rs 10,739 crore on account of 11% growth in cargo. Revenues from the logistics business was at Rs 958 crore. Image SourceAlso read: Adani to acquire 58% stake in Gangavaram port Also read: Adani Ports market cap crosses Rs 1 trillion mark

Next Story
Infrastructure Energy

Reliable Energy Storage Vital for 24/7 Renewable Power: TKIL

Reliable, scalable, and efficient energy storage systems are essential to ensuring uninterrupted renewable energy supply, said engineering firm TKIL Industries at the India Energy Storage Week (IESW) 2025.India aims to achieve 500 GW of renewable energy capacity within the next five years.Speaking at IESW, organised by the India Energy Storage Alliance (IESA), Vivek Bhatia, Managing Director and CEO of TKIL Industries, emphasised that the country’s energy sector is experiencing a major transformation. This shift is being driven by innovations in storage technology, aimed at improving grid re..

Next Story
Infrastructure Energy

IIT Madras, Hyundai Launch £17m Hydrogen Research Centre

The Indian Institute of Technology Madras (IIT Madras) and Hyundai Motor India Ltd (HMIL) have announced the establishment of the Hyundai HTWO Innovation Centre, a cutting-edge hydrogen research facility set to begin operations by 2026.The Rs 180 crore (approx. £17 million or USD 21.5 million) project will be located at IIT Madras' Discovery Campus in Thaiyur, near Chennai. Of the total, Rs 100 crore (approx. £9.4 million) has been committed by HMIL and its philanthropic arm, Hyundai Motor India Foundation (HMIF), with support from the Government of Tamil Nadu and its investment promotion ag..

Next Story
Infrastructure Energy

India’s Hydrogen Demand to Hit 8.8 MTPA by 2032: IESA Report

India’s hydrogen demand is projected to grow at a compound annual growth rate (CAGR) of 3 per cent, reaching 8.8 million tonnes per annum (MTPA) by 2032, according to a report released by the India Energy Storage Alliance (IESA).Unveiled on the first day of the India Energy Storage Week (IESW) 2025, the report points out a gap between ambitious project announcements and actual progress. While green hydrogen (GH₂) projects totalling 9.2 MTPA have been announced, only a limited number have reached Final Investment Decision (FID) or secured long-term domestic or international offtake agreemen..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?