Adani Ports Q2 Results: Profit Rises 37%

Adani Ports and Special Economic Zone Ltd.'s consolidated net profit rose to Rs 2,412 crore in the second quarter of fiscal 2025. The net profit numbers met analysts' estimates.

Net profit of the company was up 37% year-on-year to Rs 2,412 crore in the July-September period, compared to Rs 1,761 crore in the year-ago period, according to an exchange filing on Tuesday. Analysts tracked by Bloomberg had projected a net profit of Rs 2,601 crore.

• Revenue up 6% at Rs 7,067 crore (Bloomberg estimate: Rs 7,267 crore).

• Net profit up 37% at Rs 2,412 crore (Bloomberg estimate: Rs 2,601 crore).

• Ebitda up 12.6% at Rs 4,369 crore (Bloomberg estimate: Rs 4,372 crore).

• Margin at 61.8% versus 58.4% (Bloomberg estimate: 60.2%).

• During the first half of fiscal 2025, the company handled 219.8 million metric tonne of total cargo (+8.5% year-on-year).

• Growth was supported by containers, which was 19% year-on-year, followed by liquids and gas (+8%) cargo.

• Completed the acquisition of Gopalpur Port and Astro Offshore, signed two new port concession agreements.

• Mundra Port achieved a significant milestone by crossing 100 million metric tonne mark in 181 days (101.1 million metric tonne in H1).

• Cargo volumes during the period to be 460-480 million metric tonne.

• Revenue for the period to be Rs 29,000 crore to Rs 31,000 crore.

• Expects to hit the upper end of fiscal 2025 Ebitda guidance of Rs 17,000-18,000 crore.

• Net debt/Ebitda to be 2.2–2.5 times.

• Capex for the period to be in the range of Rs 10,500–Rs 11,500 crore.

Shares of Adani Ports erased gains after reporting net profit in line with analysts' expectations. It declined as much as 2.23% to Rs 1,322 per share earlier in the day. The stock was trading 0.33% higher at Rs 1,356.65 apiece as of 1:14 p.m., as compared to 0.08% decline in the NSE Nifty 50 index.

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