adani Ports and Special Economic Zone Limited (APSEZ) said in its business update for May 2024 that the company has transported 41.8 million metric tonnes (MMT) of cargo this month. This figure is 17 percent higher than the same period last year. However, even after this, adani Port's stock saw a decline of more than 2 percent today.
Strong growth in container and dry cargo segment
The main reason for the increase in cargo volume in May was the growth in container handling and dry cargo segment. Container handling registered an annual growth of 22 percent, while dry cargo saw a jump of 17 percent.
79.3 MMT cargo transported in April-May
In the first two months (April-May) of the financial year 2025, adani Ports transported a total of 79.3 MMT cargo, which is 10 percent more than last year. In this, there was a huge increase of 21 percent in container volume.
Good performance of logistics and railway sector
Railway cargo in May: 0.06 million TEUs (13 per cent higher than last year)
GPWIS (wagon plan) volume: 2.01 MMT (4 per cent increase)
Railway cargo in April-May: 0.12 million TEUs (15 per cent increase)
GPWIS volume: 3.8 MMT (4 per cent increase)
Net profit increased by 48 per cent in Q4 FY25
In its fourth quarter (Q4 FY25) results released last month, adani Ports reported a consolidated net profit of Rs 3,014 crore, up 48 per cent over the previous year. The company's operational revenue stood at Rs 8,488 crore, which also saw strong growth. Given the growing infrastructure and export-import activity in India, it can be said that this growth trend of adani Ports may continue going forward. The company is one of the leading port operators in the country and is continuously expanding its capacity..jpg)
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