On Monday, Adani Ports and Special Economic Zone provided an operational performance update for October 2024. On November 5, 2024, Adani Ports share price opened at ₹1,350.00, slightly up from its previous close of ₹1,349.25. At 11:08 AM, the share price of Adani Ports was trading at ₹1,306.95, down by 3.14%.
In October 2024, APSEZ handled a total of 37.9 million metric tonnes (MMT) of cargo. Year-to-date (YTD) figures for October 2024 indicate that the company has managed to handle 257.7 MMT of cargo, marking an 8% year-on-year (YoY) growth. This increase was primarily supported by a significant rise in container volumes, which surged by 19% YoY. Additionally, the liquids and gas segments experienced a growth of 9%.
APSEZ’s logistics rail volumes have also shown positive growth, with an 11% YoY increase to 0.36 million twenty-foot equivalent units (TEUs). Furthermore, GPWIS (General Port and Warehousing Infrastructure Services) volumes increased by 18% YoY, reaching 12.5 MMT.
For the first half of FY25, APSEZ recorded a total cargo volume of 220 MMT, representing a 9% YoY increase. This growth trajectory was chiefly driven by container traffic, which climbed by 19% YoY. The operating revenue for the period saw a growth of 13% YoY, reaching ₹14,627 crore. Ports revenue alone increased by 11% YoY to ₹12,824 crore, while logistics revenue rose by 17% YoY to ₹1,159 crore.
Earnings before interest, taxes, depreciation, and amortization (EBITDA), excluding foreign exchange impacts, increased by 21% YoY to ₹9,217 crore. Additionally, APSEZ’s net debt to trailing twelve months (TTM) EBITDA ratio improved to 2x, down from 2.3x in FY24.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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