Adani Ports Q3 PAT rises 14% to ₹2,518 crore

Adani Ports & Special Economic Zone Ltd. (APSEZ) reported 14% growth in Q3 consolidated net profit to ₹2,518 crore from ₹2,208 crore in the year-earlier period.

Revenue from operations increased 15% to ₹7,964 crore as compared with ₹6,920 crore a year ago.

Cargo handing during the quarter increased by 4% to 113 million metric tonnes (MMT).  

Ashwani Gupta, Wholetime Director & CEO, APSEZ, said the company had witnessed market share gains coupled with volume-price mix increase, traction in logistics vertical, and operational efficiencies along with technology-led gains.

“On the logistics front, in line with our commitment earlier in the year, we launched a new trucking platform, which is being integrated across the rest of the logistics value chain and will make us a true integrated transport utility,” he said.

“We have also upgraded our FY25 EBITDA forecast to ₹18,800-18,900 crore,” he added.