Adani Ports and Special Economic Zone Limited (APSEZ), India’s largest ports and logistics company, has reported its highest ever net profit (PAT) of Rs 11,061 crore in Financial Year 2024-25 (FY25), up by 37 percent over the previous year.
This achievement is a result of the strong performance of the company’s ports, logistics and marine services segments, said Ashwani Gupta, CEO and Whole Time Director, APSEZ.
The company’s total revenue stood at Rs 31,079 crore, registering a 16 percent year-on-year growth, while EBITDA grew 20 percent to Rs 19,025 crore. All these figures are better than the company’s previously announced financial guidance.
Gupta said, “Net profit of over Rs 11,000 crore and handling of 450 MMT cargo in FY25 is a testimony to our integrated thinking and excellent execution. We have exceeded guidance across all financial indicators and strengthened our presence globally.”
The Company handled a total of 450 MMT cargo in FY25, up 7 percent year-on-year. Mundra Port also became the first port in India to handle 200 MMT of cargo annually.
During the year, acquisition of Gopalpur Port was completed and operations commenced at Vizhinjam Port, India’s first fully automated transshipment port, crossing the 1 lakh TEUs mark in just four months.
The Company commenced operations at the Colombo West International Terminal (Sri Lanka) and signed a 30-year agreement to manage the container terminal at the Dar es Salaam Port (Tanzania). The acquisition of Australia’s North Queensland Export Terminal (NQXT) was also approved.
The acquisition of Astro Offshore has increased the Company’s marine fleet to 115 vessels. The Company aims to triple the marine business in the next two years, Gupta said.
Logistics revenue grew by 39 percent, with new services such as Trucking Management Solutions and International Freight Network Services being added.
The Company’s net debt-to-EBITDA ratio declined from 2.3x to 1.9x in FY25, reflecting financial discipline.
The company has recommended a dividend of Rs 7 per share, taking the total payout to around Rs 1,500 crore.
For FY26, the company has targeted revenue of Rs 36,000–38,000 crore and EBITDA of Rs 21,000–22,000 crore. The company is anticipating 505–515 MMT cargo handling.
APSEZ has reiterated its commitment to become Net Zero by 2040. In FY25, the company commissioned 225 MW of renewable energy capacity. It has been rated “A-” in Climate Change and Water Security by CDP. Also, APSEZ has been ranked in the 97th percentile in S&P Global’s 2024 assessment.
Gupta said the company won “Great Place to Work” certificate for the fifth consecutive year. Mundra Port was also awarded ‘Shipping Terminal of the Year’ and ‘Port of the Year – Containerised Cargo’. It also bagged the Ocean Sparkle awarded ‘Best Employer of Offshore Fleet’.
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