Adani Ports Q3 Results: Net profit up 14% to ₹2520.26 crore, revenue rises 15%; shares plunge over 6%

Adani Ports on Thursday reported a 14.12% jump in its net profit for the third quarter of the current fiscal (Q3 FY25) to ₹2520.26 crore as against ₹2208.41 crore posted in Q3 FY24.

The company's revenue from operations increased by 15% to ₹7,963.55 crore, up from ₹6,920.10 reported in the year-ago period.

The Adani Ports stock is trading 5.46% down at ₹1,037.05 apiece on the NSE on Thursday, January 30. Following the Q3 earnings announcement, the shares plunged by over 6%.

"I am excited to share the fantastic momentum we have achieved during 9M FY25, driven by exceptional execution across three key areas of our business: market share gains coupled with volume-price mix increase, traction in logistics vertical, and operational efficiencies along with technology-led gains," said Ashwani Gupta, Whole-time Director and CEO of Adani Ports and Special Economic Zone Limited (APSEZ) in a company release on Thursday.

He added, "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. We have also upgraded our FY25 EBITDA forecast to ₹18,800-18,900 crores. Moreover, it is incredibly gratifying to be recognized by S&P Global CSA as one of the Top 10 companies globally in the transport industry. This prestigious recognition reflects our focus on imbibing sustainability across our operations.”

Key highlights

As per the company's regulatory filing, here are the major highlights of Adani Ports Q3 FY25 results:

• Adani Ports' Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) for the reporting quarter stood at ₹4,802 crore, up 15% as against ₹4,186 crore in the year-ago period.

• The company clocked a cargo volume of 113 MMT in Q3 FY25, up 4% as against 109 MMT in Q3 FY24.

• For the first nine months of the current fiscal (9M FY25), Adani Ports reported an EBITDA of ₹14,019 crore, up 19% from ₹11,820 posted in 9M FY24.

• Adani Ports' total cargo volume in 9M FY25 stood at 332 MMT, increasing by 7% as compared to 311 MMT in 9M FY24.