APSEZ Posts 47% Rise in Net Profit for Q1 FY25

Adani Ports and Special Economic Zone Ltd (APSEZ) reported a 47% increase in consolidated net profit, reaching Rs 3,107 crore for the April-June quarter of FY25. The company's total income surged to Rs 8,054.18 crore, attributed to higher operational income. CEO Ashwani Gupta highlighted the company's strong performance.

Adani Ports and Special Economic Zone Ltd (APSEZ) announced a 47% increase in its consolidated net profit, totaling Rs 3,107 crore for the April-June quarter of the current financial year. This comes in stark contrast to the Rs 2,119 crore recorded during the same period in FY24, as the company revealed in a recent filing.

The quarter saw total income rise to Rs 8,054.18 crore, compared to Rs 6,631.23 crore in the corresponding period last year. Despite a rise in expenses to Rs 4,238.94 crore from the previous Rs 4,065.24 crore, the financial health of the company remains strong.

Whole-time Director & CEO Ashwani Gupta noted the impressive financial and growth trajectory for APSEZ, emphasizing that Q1 saw unprecedented earnings. He mentioned that cargo volume would have seen a 13% rise to 114.7 MMT if not for a temporary disruption at Gangavaram Port, which is now resolved.

(With inputs from agencies.)