The company’s cargo volumes in August increased by 19% to 50 MT from last year, it reported in a stock exchange filing.
Adani Ports’ statement said this record monthly performance reinforces its trajectory towards its aim to handle 1 billion metric tonne of annual cargo volume by the financial year 2031.
All-round cargo growth in August was driven by dry cargo and containers, which grew by 25% and 15% respectively from last year.
Adani Ports said it has handled 234.4 MMT of cargo in the ongoing financial year till August, which is up 16% from last year. Of this, dry cargo and containers have increased 17% and 15% from the year-ago period, respectively.
Logistics rail volume in August stood at 54,131 TEUs, up 6% from the previous quarter. For this financial year, until August, the same stood at 2.50 lakh TEUs, down 33% from last year, it added.
Adani Ports has maintained that its full year earnings before interest tax depreciation and amortization (EBITDA) will remain between ₹25,000 crore and ₹26,000 crore and its revenue will also remain between ₹43,000 crore to ₹45,000 crore.
The company’s revenue during the June quarter increased by 18.6% to ₹10,821 crore from ₹9,126 crore last year, while its net profit of ₹3,620 crore was up 9.2% from last year’s ₹3,315 crore.The company’s EBITDA increased 19% to ₹6,540 crore from ₹5,495 crore in the corresponding quarter last fiscal. Its EBITDA margin expanded to 60.4% from 60.2% in the year-ago period.
Its cargo volume in the June quarter stood at 138.1 million tonne compared to 120.6 million tonne in the previous fiscal.
Shares of Adani Ports & Special Economic Zone are trading 1.4% higher on Wednesday at ₹1,670.4. The stock is up 13% so far this year.
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