Marine Port & Services company Adani Ports & Special Economic Zone announced Q3FY25 results Cargo (MMT): 113, up 4% YoY from 109 Revenue: Rs 7,964 crore, up 15% YoY from Rs 6,920 crore EBITDA: Rs 4,802 crore, up 15% YoY from Rs 4,186 crore PAT: Rs 2,518 crore, up 14% YoY from Rs 2,208 crore FY25 EBITDA guidance revised to Rs 18,800-18,900 crore. APSEZ continues to maintain excellent financial discipline - net debt to TTM EBITDA stood at 2.1x (vs 2.3x in FY24). ICRA Limited reaffirmed the credit rating of long-term - fund based/non-fund-based limit and non-convertible debentures as [ICRA] AAA; stable and commercial paper as [ICRA] A1+. India Ratings & Research reaffirmed the credit rating of non-convertible debentures and bank loans (long-term) as IND AAA/Stable and commercial paper and bank loans (short-term) as IND A1+. S&P; Global Ratings reaffirmed its rating at BBB- and revised outlook to “Negative” during the quarter. Moody’s Ratings reaffirmed investment grade rating ‘Baa3’ and revised its outlook to negative during the quarter. Fitch Ratings reaffirmed APSEZ rating at BBB- and placed the long-term foreigncurrency issuer rating and US dollar senior unsecured bonds on Rating Watch Negative during the quarter. Ashwani Gupta, Whole-time Director & CEO, APSEZ, said: "I am excited to share the fantastic momentum we have achieved during 9M FY25, driven by exceptional execution across 3 key areas of our business - market share gains coupled with volume-price mix increase, traction in logistics vertical, and operational efficiencies along with technology-led gains. On the logistics front, in line with our commitment earlier in the year, we launched a new trucking platform, which is being integrated across the rest of the logistics value chain and will make us a true integrated Transport Utility. We have also upgraded our FY25 EBITDA forecast to Rs 18,800-18,900 crore. Moreover, it is incredibly gratifying to be recognized by S&P; Global CSA as one of the Top 10 companies globally in the transport industry. This prestigious recognition reflects our focus on imbibing sustainability across our operations.” Result PDF