Adani Ports & Special Economic Zone (APSEZ) delivered a remarkable 37% year-on-year increase in net profit, reaching a record high of ₹11,061 crore for fiscal year 2024–25 (FY25). This performance was underpinned by strong growth across its core ports, logistics, and marine service segments.
Key Financial Highlights for FY25
- Revenue surged 16% to ₹31,079 crore, exceeding full-year guidance The Economic Times
- EBITDA climbed 20%, hitting ₹19,025 crore, again outperforming expectations
- PAT (Profit After Tax) leaped 37% to ₹11,061 crore—an all-time high for the company
Drivers Behind the Growth
- Cargo Volume Expansion: APSEZ handled 450 million metric tonnes (MMT) in FY25, up 7% from the prior year. Mundra Port alone crossed 200 MMT, a first for any Indian port
- Logistics Surge: The logistics business posted a 39% revenue growth, driven by container and bulk cargo volumes, trucking, and integrated freight services
- Strategic Expansions: Key milestones included:
- Acquisition of Gopalpur Port
- Commencement of operations at Vizhinjam and Colombo ports
- Approval for 50 MTPA NQXT Australia acquisition
- Entry into Kolkata O&M, development of Berth No. 13 at Deendayal Port
- Acquisition of Astro Offshore
These strategic moves boosted its global footprint and diversified revenue streams.
Strong Financial Position & Forward Outlook
- Net Debt to EBITDA improved to 1.9x (from 2.3x in FY24), with a healthy ₹8,991 crore cash balance
- The company has proposed a dividend of ₹7 per share, totaling approximately ₹1,500 crore
- For FY26, APSEZ projects:
- Revenue of ₹36,000–38,000 crore
- EBITDA in the ₹21,000–22,000 crore range
What This Signals
This stellar FY25 performance underscores APSEZ’s successful execution of an integrated growth strategy—binding ports, logistics, and marine services under one cohesive model. The company’s improved margins, reduced leverage, and global expansion set a strong foundation for future scalability and competitiveness.
