Adani Ports and Special Economic Zone Limited (APSEZ) on Tuesday announced its results for the quarter ending 30th June 2025.
“This quarter’s 21% revenue growth is anchored by extraordinary momentum in our Logistics and Marine businesses, which grew 2x and 2.9x respectively,” said Ashwani Gupta, Whole-time Director & CEO, APSEZ.
“These are no longer ancillary verticals – they are reshaping the contours of our future-ready ports ecosystem. With expanding Trucking and International Freight Network services and fast growing, diversified marine fleet in the MEASA region, we are deepening our integrated transport utility approach and extending our value chain from port gate to customer gate. Coupled with cargo growth and market share gains in the domestic ports business, and higher revenue and improving EBITDA in international ports, we remain firmly on track to meet our FY26 guidance”.
Financial Highlights:
Domestic ports revenue increased by 14% YoY to ₹6,137 Cr. Domestic ports EBITDA margin stood at 74.6% (vs. 72.5% in Q1 FY25)
International ports revenue increased 22% YoY to ₹973 Cr. EBITDA margin stood at 21% vs. 13% in Q1 FY25.
Logistics revenue grew 2x YoY to ₹1,169 Cr. Marine revenue grew 2.9x YoY to ₹541 Cr.
EBITDA increased 13% to ₹5,495 Cr (60% EBITDA margin in Q1 FY26 vs. 64% in Q1 FY25).
S&P Global revised ratings outlook to Positive from Negative. S&P Global has reaffirmed BBB- rating.
Strategic Highlights:
APSEZ commenced operations at the Colombo West International Terminal (CWIT), a fully automated, natural deep-water port. CWIT is a public-private partnership under a 35-year BOT agreement. Upon full completion, CWIT will handle c. 3.2m TEUs annually.
Dhamra port opened a new export berth. It also commenced construction of two new berths that will increase port capacity to 92 MMT. It won a liquid cargo handling contract from a large carbon black manufacturer. Inaugurated a warehouse for a large steel manufacturer to house cold rolled coils.
Vizhinjam port completed its first year. It achieved 100% utilization in its ninth month of operation. It commenced construction of Phase 2 at the port.
The Board has approved the acquisition of NQXT Port, Australia. NQXT is a natural deepwater, multi-user export terminal with a nameplate capacity of 50 MTPA. The transaction is subject to regulatory approvals.
As part of long-term capital management plan, increased the average debt maturity from 4.3 years to 5.2 years and reduced yield across all bond issuances by up to 116 bps. This was achieved through issuance of 15-year Non-Convertible Debentures (NCDs) to Life Insurance Corporation of India (LIC) and bond buyback.
The company commenced skill building centers at Mundra & Krishnapatnam to impart industry relevant skills to youth that are aligned with APSEZ’s requirements.
Operational Highlights:
The company handled 121 MMT (+11% YoY) cargo volume in Q1 FY26, driven by containers (+19% YoY).
All-India cargo market share increased to 27.8% (27.2% in Q1 FY25). Container market share stood at 45.2% (45.9% in Q1 FY25).
Haifa port operated unhindered throughout and reported 25% YoY growth in container volume and 38% YoY growth in other cargo volume during the quarter, leading to overall volume growth of 29% YoY. This led to the highest quarterly revenue and operating EBITDA for Haifa port since acquisition by APSEZ.
Krishnapatnam port handled its highest ever cargo volume (5.85 MMT) in June 2025.
The company handled 179,479 TEUs of container rail volume (+15% YoY) and 6.05 MMT GPWIS volume (+9% YoY).
The company received approval to commence EXIM operations at Virochannagar (Gujarat), Kishangarh (Rajasthan) and Malur (Karnataka) ICDs.
It launched double stack container rake movement between ICD Tumb and ICD Patli.
In June 2025, Mundra Port handled the highest ever TEUs by any Indian port in one day (3,234). The port also set a record by loading 23 double-stack container rakes in a single day.
Ocean Sparkle integrated cloud-based vessel management system (SeaFlux) across its fleet.
Also Read: Amid Tightened H-1B And Student Visa Rules, More Indians Turn To US Investment Visas https://www.vibesofindia.com/amid-tightened-h-1b-and-student-visa-rules-more-indians-turn-to-us-investment-visas/
