Adani Ports and Special Economic Zone (APSEZ), India’s largest integrated ports and logistics company, reported a strong set of Q4 FY25 results, with net profit rising 48% YoY to Rs 3,014 crore, compared to Rs 2,040 crore in Q4 FY24. This performance was backed by record cargo volumes, increased logistics revenue, and strategic expansion of port operations across the country.
This strong financial performance reaffirms APSEZ's position as a core infrastructure backbone for India's growing trade and logistics ecosystem.
Revenue and Profit Growth
For the quarter ended March 2025, APSEZ’s consolidated revenue grew by 18% YoY to Rs 6,896 crore, driven by higher cargo volumes and robust growth in the logistics segment. Total income surged to Rs 8,770 crore, up 22% from Rs 7,200 crore a year ago.
EBITDA (earnings before interest, taxes, depreciation and amortization) increased 21% to Rs 4,858 crore, with margins improving slightly to 70.4%. The company’s margin strength highlights its operational efficiency and ability to scale across diverse logistics and port services.
Cargo Volumes and Operational Highlights
During FY25, Adani Ports handled a record 420 million metric tonnes (MMT) of cargo, a 24% YoY growth. This marks the highest-ever annual cargo volume handled by the company and reflects its expanding presence across India’s key trade gateways.
Mundra Port, APSEZ’s flagship location, remains the highest cargo-handling port in the country. Meanwhile, the Dhamra and Kattupalli ports have also contributed significantly to the volume growth.
The company also increased its logistics footprint, with freight volume growing 31% YoY. Its rail infrastructure and inland connectivity are playing a key role in APSEZ’s integrated logistics strategy.
Dividend and Shareholder Reward
The company’s board has recommended a final dividend of Rs 7 per equity share for FY25, with a record date set for June 13, 2025. The dividend will be paid out on or after June 26, 2025.
This move demonstrates the company’s commitment to creating shareholder value and maintaining a stable dividend policy while continuing its expansion in both ports and logistics.
Capex and Future Outlook
APSEZ continues to invest aggressively in expanding its port capacity and enhancing connectivity. The company aims to handle over 500 MMT of cargo by FY26 and has set a capex plan of Rs 10,000 crore for the next two years, focusing on automation, port upgrades, and inland logistics development.
The firm also reaffirmed its guidance of achieving EBITDA of Rs 15,000–16,000 crore in FY26 and continues to target reducing net debt-to-EBITDA to below 2.5x, ensuring financial stability.CEO Karan Adani said in a post-results statement: “Our focus remains on scale, synergy, and sustainability, and we’re on track to become one of the world’s largest port operators by 2030.”
Key Financial Highlights at a Glance
Net Profit: Rs 3,014 crore (up 48% YoY)
Revenue: Rs 6,896 crore (up 18% YoY)
Total Cargo Handled: 420 MMT in FY25 (up 24%)
Dividend: Rs 7/share; Record date: June 13, 2025
EBITDA Margin: 70.4%
Capex Plan: Rs 10,000 crore for FY26–FY27
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