Prime Highlights
- Adani Ports handled 46.3 MT of cargo in July, recording 15% year-on-year growth across all major cargo segments.
- The company maintained its FY27 EBITDA guidance after reporting higher revenue, profit, and operating earnings in the first quarter.
Key Facts
- Adani Ports and Special Economic Zone is India’s largest private port operator and an integrated transport and logistics company.
- The company handled 184.4 MMT of cargo in FY27 up to July, reflecting a 15% increase over the same period last year.
Background
In the month of July, Adani Ports & SEZ did exceedingly well concerning cargo handling and saw a rise in its stock prices on account of its performance. Adani Ports and Special Economic Zone handled a total of 46.3 million metric tonnes (MT) of cargo in the month of July, which is 15% higher than the same month of the previous year. All the cargo segments saw growth, and dry cargo grew 21%.
In the first seven months of the fiscal year FY27, the firm has managed to handle 184.4 MMT of cargo, which is a 15% rise from the amount handled last year. Both container and total cargo handling grew by 15% for the period.
However, the logistics segment had a varied performance. Rail volumes reached 51,020 twenty-foot equivalent units (TEUs) in July, rising 5% from the previous month but falling 16% from the same month last year. For FY27 up to July, rail volumes stood at 1.96 lakh TEUs, down 18% compared with the previous year.
The company recently reported its first-quarter financial results and kept its full-year EBITDA guidance unchanged at ₹25,000 crore to ₹26,000 crore. Net profit increased 9.2% year-on-year to ₹3,620 crore, while revenue grew 18.6% to ₹10,821 crore. EBITDA grew by 19% to ₹6,540 crore, and the EBITDA margin moved up by a slight margin to 60.4%.
Post the operational announcement, the shares of Adani Ports moved up marginally to ₹1,703.5. The share price is trading lower than its 52-week high of ₹1,891.1, although it has risen by 15%.
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