Adani Ports and Particular Financial Zone (APSEZ), on Thursday, reported 1.37 per cent rise in consolidated web revenue at Rs 1,761.63 crore for the quarter ended September 2023.
The corporate had logged a revenue of Rs 1,737.81 crore within the year-ago interval, APSEZ stated in a submitting to BSE.
Complete earnings in July-September 2023-24 elevated to Rs 6,951.86 crore from Rs 5,648.91 crore within the year-ago quarter.
Complete bills additionally elevated to Rs 4,477 crore from Rs 3,751.54 crore within the year-ago quarter.
The corporate in a press release stated its EBITDA elevated 49 per cent year-on-year to Rs 7,429 crore.
APSEZ CEO and complete time director Karan Adani stated ,”the corporate achieved one other milestone by registering its highest ever half-yearly income of Rs 12,894 crore, EBITDA of Rs 7,429 crore and cargo volumes of 203 MMT ( million metric tonne) throughout H1 FY24.”
Adani Port’s flagship port, Mundra, accomplished 25 years of profitable operations, and recorded one other milestone by changing into the primary port within the nation to deal with cargo volumes over 16 MMT in a month.
In keeping with the assertion, APSEZ’s home cargo volumes development in H1 FY24 is over 2x India’s cargo quantity development charge.
Eight of our ports recorded their highest ever half-yearly cargo volumes in H1 FY24 Mundra, Tuna, Dighi (because the time of acquisition), Hazira, Ennore, Dhamra, Krishnapatnam (because the time of acquisition) and Gangavaram (because the time of acquisition), it added.
Whereas APSEZ’s logistics rail volumes recorded a development of 25 per cent Y-o-Y to 279,177 TEU ( twenty-foot equal unit), whole warehousing capability throughout H1 FY24 elevated to 2.4 million sq. ft by addition of warehouses in Indore.
“With the commissioning of Samastipur and Darbangha agri silos by the top of FY24, the entire silo capability of APSEZ is prone to develop to 1.2 MMT,” it added.
APSEZ additionally stated the corporate has concluded buy-back of two tranches of USD denominated bonds totalling USD 325 million, representing 50 per cent of the principal compensation due in July 2.
“Web debt to EBITDA for TTM Sep’23 improved to 2.8x versus 3.1x for full yr ended Mar’23,” it added.
APSEZ, a part of the globally diversified Adani Group, has grown from a port firm to an built-in transport utility. It’s a port developer and operator with six strategically positioned ports and terminals on the West coast and 6 ports and terminals on the East coast.
