ANI
05 Aug 2025, 16:40 GMT+10
Ahmedabad (Gujarat) [India] Aug 5 (ANI): Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday reported a 21 per cent year-on-year (YoY) growth in consolidated revenue for the April-June quarter, led by a two-fold rise in logistics revenue and nearly three-fold jump in its marine business.The company posted Rs 9,126 crore in revenue for the first quarter of FY26, compared to Rs 7,560 crore a year ago. Net profit rose 7 per cent to Rs 3,311 crore, while EBITDA grew 13 per cent to Rs 5,495 crore.'This quarter's 21 per cent revenue growth is anchored by extraordinary momentum in our Logistics and Marine businesses, which grew 2x and 2.9x respectively,' said Ashwani Gupta, Whole-time Director & CEO, APSEZ. 'These are reshaping the contours of our future-ready ports ecosystem,' he added.Logistics revenue doubled to Rs 1,169 crore driven by strong ramp-up in trucking and international freight network. Marine services revenue surged to Rs 541 crore from Rs 188 crore with the deployment of 118 vessels.The company handled 121 million metric tonnes (MMT) of cargo during the quarter, up 11 per cent YoY, with all-India market share rising to 27.8 per cent. Container volumes rose 19 per cent YoY, and Krishnapatnam port recorded its highest ever monthly cargo handling at 5.85 MMT in June.Internationally, the Haifa port in Israel posted a 29 per cent YoY growth in overall volume, driven by 25 per cent growth in container traffic and 38 per cent increase in other cargo. It reported its best-ever quarterly revenue and EBITDA since APSEZ's acquisition.Among key developments, the company commenced operations at the fully automated Colombo West International Terminal under a 35-year BOT agreement. Dhamra Port opened a new export terminal and began construction of two more berths to increase capacity to 92 MMT.The board also approved the acquisition of NQXT Port in Australia, a deep-water export terminal with 50 MTPA capacity, subject to regulatory clearances.Domestically, logistics operations expanded with EXIM approvals for inland container depots in Gujarat, Rajasthan and Karnataka. Mundra Port handled a record 3,234 TEUs in a single day and loaded 23 double-stack rakes, the highest for any Indian port in a day.The company also strengthened its sustainability profile, being named a 'Leader' in the CDP Supplier Engagement Assessment 2024 and securing Zero Waste to Landfill certification for 12 ports. ESG ratings from CRISIL, ISS and NSE placed APSEZ among the top 15 per cent of rated companies.As part of capital management, APSEZ raised Rs 5,000 crore via 15-year non-convertible debentures from LIC and launched a tender to buy back up to USD 450 million of its outstanding USD bonds, receiving tenders worth USD 384 million till July 29. Average debt maturity improved from 4.3 to 5.2 years, while yields fell by up to 116 bps.The company reiterated its guidance to meet FY26 targets, backed by growing marine fleet in the MEASA region and expanding logistics reach from 'port gate to customer gate.' (ANI)
Get a daily dose of Malaysia Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Malaysia Sun.
More InformationNEW DELHI, India: India has made it clear that it will continue purchasing crude oil from Russia despite escalating threats from U.S....
WASHINGTON, D.C.: U.S. President Donald Trump declared on July 30 that his administration will impose a 25 percent tariff on imports...
NEW DELHI, India: Three suspected militants killed in a July 28 gunbattle near Srinagar were behind the deadly Pahalgam attack that...
Ahmedabad (Gujarat) [India] Aug 5 (ANI): Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday reported a 21 per cent year-on-year...
New Delhi [India], August 5 (ANI): Philippine President Ferdinand R Marcos Jr on Tuesday thanked Prime Minister Narendra Modi for India's...
Dhaka [Bangladesh], August 5 (ANI): Thousands of people on Tuesday started to gather at Manik Mia Avenue, a major street in Sher-e-Bangla...
MILAN, Italy: Giorgio Armani is facing renewed scrutiny over labor conditions in its supply chain after Italy's antitrust authority...
WASHINGTON, D.C.: A new 50 percent U.S. import tariff on Brazilian coffee is poised to shake up global trade flows, redirecting beans...
NEW YORK, New York - U.S. stocks rebounded Monday with all the major indices pushing higher. Markets were boosted by Europe putting...
NEW YORK CITY, New York: American Eagle Outfitters, a popular U.S. clothing brand, wanted to grab attention with its new fall advertising...
WASHINGTON, D.C.: The U.S. labor market lost momentum in July, with job growth slowing more than expected and major downward revisions...
SAN FRANCISCO, California: Apple projected stronger-than-expected revenue for the current quarter ending in September, helping lift...
