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

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code