Adani Ports share price jumps over 5%: Key reasons behind the surge

On a year-to-date basis, APSEZ handled 408.7 million metric tonnes (MMT) of total cargo, jumping 7% YoY. This volume was led by containers (+20% YoY) and liquids and gas (+9% YoY).

Adani Ports shares closed 5.15% higher at ₹1,112.45 apiece on the National Stock Exchange. It was the biggest contributing scrip on the NIFTY50 index. The scrip, however, has declined 4.39% in a month. Since one year ago, on March 5, 2024, Adani Ports shares have lost 18.36%.

Its market capitalisation stood at ₹2,40,304.66 crore.

The company clocked a cargo volume of 113 MMT in Q3 FY25, up 4% against 109 MMT in Q3 FY24. Adani Ports' total cargo volume in 9M FY25 stood at 332 MMT, increasing by 7% as compared to 311 MMT in 9M FY24.

Adani Ports had reported a 14.12% jump in its net profit for the third quarter of the current fiscal year (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.

Its 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.

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

Adani Ports & Special Economic Zone is in the business of development, operations and maintenance of port infrastructure (port services and related infrastructure development) and has linked multi-product Special Economic Zone (SEZ) and related infrastructure contiguous to the port at Mundra.