Adani Ports Q3 FY25 Earnings: Profit Up 14%, Cargo Volume Growth Slows

Adani Ports and Special Economic Zone (APSEZ) reported a 14.12% increase in its profit for Q3 FY25, reaching ₹2,520.26 crore, compared to the same period last year. Revenue for the quarter increased by 15.1% YoY, reaching ₹7,963.55 crore. Expenses also grew by 13.13% YoY to ₹5,190.53 crore.

Cargo Volume Growth

The company handled 112.5 million metric tonnes (mmt) of cargo in Q3, a 3.6% year-on-year (YoY) growth. However, the growth was mainly driven by international cargo, which surged by 118% to 6 mmt. Domestic cargo growth was slower at just 1%. In contrast, Q1 and Q2 FY25 saw stronger growth at 8% and 10%, respectively.

EBITDA Growth

The company’sEBITDA rose by 15% YoY to ₹4,802 crore in Q3. It also upgraded its EBITDA forecast for FY25 to ₹18,800–₹18,900 crore.

9MFY25 Performance

For the first nine months of FY25 (9MFY25), the company posted a 33.1% YoY growth in profit to ₹8,078.09 crore. The total cargo volume for 9MFY25 reached 332 million tonnes, up by 7% YoY, with strong performance in containers, liquids, gas, and dry bulk cargo.

Debt and Financial Position

As of December 2024, APSEZ’s net debt stood at ₹45,653 crore, with a net debt-to-EBITDA ratio of 2.1 times, improving from 2.3 times in FY24.

APSEZ has set a full-year cargo volume guidance of 460-480 million tonnes for FY25.

About Adani Ports & Special Economic Zone

Adani Ports & Special Economic Zone is involved in developing, operating, and maintaining port infrastructure and related services. It also manages a multi-product Special Economic Zone (SEZ) and other infrastructure at Mundra Port.

Adani Ports share price is trading at ₹1,099.00, up by ₹21.95 (2.04%) as of 10:32 AM IST on January 31, 2025. The stock opened at ₹1,085.00, reached a high of ₹1,101.55, and a low of ₹1,074.00. 

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