Adani Ports Q4 earnings: Net profit grows 50% in fourth quarter to Rs 3,023 crore

Adani Ports Q4 results: Adani Ports witnessed a substantial 50% year-on-year increase in consolidated net profit, reaching Rs 3,023 crore for the quarter ending March 2024, compared to Rs 2,025 crore in the previous year's corresponding period.The company's operational revenue grew by 23% year-on-year to Rs 8,488 crore, whilst EBITDA showed a 24% improvement, reaching Rs 5,006 crore in the fourth quarter."Our record-breaking performance in FY25—crossing Rs 11,000 crore in PAT and handling 450 MMT cargo—is a testament to the power of integrated thinking and flawless execution," said Ashwani Gupta, Whole-time Director and CEO, APSEZ.The company's impressive performance was attributed to robust cargo growth, increased logistics volumes, and improved margins across primary operations.The quarterly cargo volume reached 117.9 million metric tonnes (MMT), showing an 8% increase from 108.7 MMT in Q4FY24. Notably, Mundra Port processed 50.7 MMT in Q4, representing an 11% yearly increase, becoming India's first port to exceed 200 MMT in a single financial year.The organisation recorded a 23% year-on-year increase in container volumes during the quarter, with significant growth in both domestic and international operations, according to an ET report.The logistics division's revenue showed remarkable growth, increasing to Rs 1,030 crore in Q4FY25 from Rs 560 crore the previous year, supported by growth in trucking and integrated freight services.Logistics division achieved an EBITDA of Rs 181 crore with margins reaching 18%. The marine services segment demonstrated substantial growth with revenue climbing 125% YoY to Rs 361 crore, whilst EBITDA increased 167% to Rs 259 crore.CEO and Whole-Time Director Ashwani Gupta stated, "Our record-breaking Q4 performance reflects the strength of our integrated transport strategy. With consistent delivery across ports, logistics, and marine, we've set the foundation for the next phase of sustainable growth."The organisation maintained strict financial control, improving net debt-to-EBITDA ratio to 1.9x from 2.3x in the previous year. Q4 EBITDA margins remained steady at 59%, matching the previous year's performance, supported by enhanced efficiency and operational advantages.APSEZ expanded globally during the quarter, launching operations at Colombo's West International Terminal and advancing towards acquiring Australia's North Queensland Export Terminal. The company also enhanced operations at new terminals in Vizhinjam and Gopalpur.Looking ahead to FY26, the company projects revenue between Rs 36,000-38,000 crore and EBITDA ranging from Rs 21,000-22,000 crore, suggesting continued growth momentum.