Adani Ports shares gain over 4.5% as Trump announces Israel-Iran ceasefire; what you need to know

The ceasefire holds significance for Adani Ports, as Haifa Port in Israel serves as a crucial maritime hub, handling over 30% of Israel's imports. The port is owned by Adani Ports, which controls a 70% share.

The Haifa Port has approximately 700 employees. It handles different types of cargo, including containers, bulk, breakbulk, cement, and general cargo.

The ceasefire is a big relief for investors as well as the company, as reports of attacks on Haifa Port had market participants and other stakeholders on tenterhooks. Any harm or damage to the port would have seen shares slide sharply.

According to reports, the Finance Ministry of Israel finalised a deal to privatise the Haifa Port, one of the largest ports in the Eastern Mediterranean, on January 10, 2023. A consortium of Adani Ports and Special Economic Zone Limited and Israel’s Gadot Chemicals, Tankers and Terminals Limited had bagged the tender last year for 4 billion shekels (US $1.18 billion).

Adani Ports Q4 FY25 Results

Adani Ports and SEZ, the country's largest private port operator, on May 1, reported a net profit of ₹3,014 crore for the January-March quarter (Q4 FY25), marking an increase of 48% from ₹2,040 crore logged in the same period last year.

Its revenue from operations rose 23% to ₹8,488 crore in the March quarter, as against ₹6,896.50 crore registered in the year-ago period.

Adani Ports' operating profit, also known as earnings before interest, taxes, depreciation, and amortisation (EBITDA), rose 21% to ₹4,966 crore as against ₹4,102 crore in the same period last year.