Adani Ports Consolidated PAT Shoots Up by 37%

Adani Ports and Special Economic Zone Limited (“APSEZ”), India’s largest port developer and part of Adani Group, today announced the financial results for the third quarter and nine months ended December 31, 2014.

Consolidated cargo handled by the company was 108 MMT in 9M-FY15, an increase of 29%, over corresponding to same period last year. Adani ports at Mundra handled 84 MMT cargo in 9M-FY15 thereby continuing its leadership as the largest commercial port business in India. The Mundra port registered a 13% growth in 9M-FY15 compared to 5% aggregate cargo growth at all major ports.

Also, in case of containers, the Mundra port handled 2.02 Million TEUs in 9M-FY15 as against 1.68 Million TEU’s in corresponding to same period last year resulting in a 20 % growth as compared to growth of 8% aggregate growth in container volumes at all the major ports. 

Consolidated cargo handled by the company was 39 MMT in Q3FY15, an increase of 33%, over corresponding quarter last year. Adani ports at Mundra handled 29 MMT cargo in Q3FY15 thereby continuing its leadership as the single largest commercial port in India.

Consolidated total income increased by 19 % to Rs.4,997 crores in 9M-FY15 as compared to Rs.4,207 crores in the corresponding period last year and consolidated EBIDTA increased by 21 % to Rs. 3,341 crores in the current nine months  as compared to Rs. 2,768 crores in corresponding period last year.

The consolidated PAT for the current nine months increased by 37% to Rs 1,654 crores, as compared to Rs 1,210 crores in corresponding period last year.

Consolidated total income increased by 38 % to Rs.1,701 crores in Q3FY15 as compared to Rs.1,236 crores in the corresponding quarter last year and consolidated EBIDTA increased by 34% to Rs. 1,090 crores in the current quarter as compared to Rs.812 crores in corresponding quarter last year.

The consolidated PAT in current quarter increased by 14% to Rs 512 crores, as compared to Rs 451 crores in corresponding quarter last year.

The above results include the result of The Dhamra Port Company Limited, which APSEZ acquired w.e.f June 23, 2014.

Commenting on the results, Mr. Gautam Adani, Chairman, Adani Group said, “We are pleased that our performance across all ports continues to be robust therefore reflecting the strength of our Pan India strategy”.

Elaborating on the operational performance, Mr. Sudipta Bhattacharya, Chief Executive Officer of APSEZ, said “we have had another record quarter and Nine months performance on all fronts of cargo, revenue and EBIDTA growth and we are further enhancing our focus on sales & operational excellence to maintain our growth momentum”.

Adani Ports awarded as “Best Port of the Year” and “Container Handling Port of the Year” at Gujarat Star Award 2014 and also won 6 awards at 28th National Convention on Quality Concept held at Pune.