Adani Ports

•     Volume grew 8% Y-o-Y to 109 MT
•     Highest ever quarterly revenue at Rs. 7,560 Cr (21% YoY growth)
•     Highest ever EBITDA and PAT at Rs. 4,848 Cr (up 29% YoY) and Rs. 3,107 Cr (up 47% YoY) respectively
•     Net Debt to TTM EBITDA at 2.1x vs 2.3x in FY24
•     Ratings upgrade from two domestic rating agencies & outlook upgrade from international rating agency
•     Signed two new port concession agreements and won one new port O&M contract
•     Arrival of first mothership at the Vizhinjam transshipment port, equipped with South Asia’s most advanced container handling technology


Ahmedabad, 1 August 2024: Adani Ports and Special Economic Zone Ltd
(“APSEZ”) today announced its results for the quarter ending 30 June, 2024.

FY25 has begun on a strong note for us with stellar performance on both financial and growth fronts. On the financial front, we posted all-time high earnings. But for the temporary disruption in Gangavaram Port, which is now fully restored, our Q1 cargo volume would have been at 114.7 MMT, a 13% increase.
On the growth front, we won two new port concessions and a port O&M
contract. We are proud that four of our ports featured in World Bank’s Container Port Performance Index 2023” said Mr. Ashwani Gupta, Whole-time Director & CEO, APSEZ

During the quarter, APSEZ clocked 109MMT of cargo volume (up 8%
YoY). The growth was primarily driven by Containers (up 18% YoY) and Liquids & Gas (up 11% YoY). We had a temporary disruption leading to a loss of 5.7 MMT at the Gangavaram Port, which is now fully restored.

Mundra port handled the highest every quarterly volume by any Indian
port (51 MMT).
Mundra, Kattupalli, Hazira, and Krishnapatnam featured in World benchmarks ports globally across multiple parameters including productivity, efficiency and reliability.
Highest ever quarterly rail cargo (0.16Mn TEUs, up 19% YoY) and GPWIS volume (5.56 MMT, up 28% YoY).
Container volume handled at MMLPs increased by 27% YoY to 103,784 TEUs.