Adani Ports and Special Economic Zone Ltd (APSEZ) reports a 50 per cent surge in net profit for FY24, marking a record volume of 420 MMT and a substantial revenue increase to Rs 26,711 Cr. The company’s EBITDA jumped 44 per cent to Rs 15,751 Cr, with a PAT rise of 50 per cent to Rs 8,104 Cr. APSEZ’s strategic acquisitions of Gopalpur Port and Karaikal Port aim to drive growth and enhance east-west parity.
CEO Ashwani Gupta highlights the company’s exceptional performance, surpassing guidance across cargo, revenue, and EBITDA and achieving a net debt-to-EBITDA ratio of 2.3x. Focusing on expansion and sustainability, APSEZ is on track to reach 500 MMT cargo volumes by 2025, bolstered by recent acquisitions and upcoming port commissionings.
The company also excels in ESG ratings, aiming for net zero by 2040. Guidance for FY2025 includes cargo volumes of 460–480 MMT and revenue of Rs 29,000–31,000 Cr, reflecting APSEZ’s robust growth trajectory.
