Adani Ports Q3 Results: Profit Rises 14% To Rs 2,520 Crore, Meets Estimates
Adani Ports' revenue in Q3 increased 15.07% year-on-year to Rs 7,963.5 crore.
Adani Ports and Special Economic Zone Ltd.'s consolidated net profit rose 14.1% to Rs 2,520.26 crore in the third quarter of fiscal 2025. The bottom line met the consensus estimate of Rs 2,589 crore of analysts tracked by Bloomberg.
In the year-ago quarter, the ports operator had logged a net profit of Rs 2,208.4 crore.
The revenue of the Adani Group company was up 15.07% year-on-year to Rs 7,963.5 crore in the October-December period, compared to Rs 6,920.1 crore in the year-ago period, according to an exchange filing on Thursday.
Adani Ports Q3 Results: Key Highlights (Consolidated, YoY)
Revenue up 15.07% at Rs 7,963.5 crore (Bloomberg estimate: Rs 7,497 crore).
Ebitda up 14.71% at Rs 4,802.06 crore (Estimate: Rs 4,588 crore).
Margin at 60.3% versus 60.48% (Estimate: 61.20%).
Net profit up 14.12% at Rs 2,520.26 crore (Estimate: Rs 2,589 crore).
Key Metrics
The Ebitda guidance for fiscal 2025 increased to Rs 18,800-18,900 crore from Rs 17,000-18,000 crore, the company said in a release.
Net debt to trailing 12 months Ebitda stood at 2.1 times versus 2.3 times in fiscal 2024, it added.
Ports revenue increased 11% YoY to Rs 17,172 crore.
Logistics revenue increased by 22% to Rs 1,852 crore.
Closed Gopalpur and Astro Offshore transactions worth over Rs 4,600 crore in the third quarter.
Operational highlights
During the first nine months of fiscal 2025, the company handled 332 million metric tonne of total cargo, which was up 7% YoY.
The containers segment logged a 19% YoY growth, followed by an 8% YoY rise in liquids and gas cargo.
The company's all-India cargo market share in April-December stood at 27.2%, whereas the container market share during the same period stood at 45.2%.
"Logistics continued its momentum with growth across container volume," Adani Ports said in a release.
In November 2024, Mundra Port set a new record by handling 396 vessels and carrying out 845 vessel movements—the highest ever in a single month, the company pointed out. The port also achieved a milestone by exporting 5,405 cars in one shipment.
Shares of Adani Ports were trading 1.31% higher at Rs 1,111.4 apiece on the NSE as of 1:14 p.m., as compared to a 0.44% advance in the benchmark Nifty 50.
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