Marine Port & Services company Adani Ports & Special Economic Zone announced Q2FY25 results Financial Highlights: Operating revenue grew by 13% YoY to Rs 14,627 crore. Ports revenue increased by 11% YoY to Rs 12,824 crore, Logistics revenue increased by 17% YoY to Rs 1,159 crore. EBITDA (excluding forex) increased 21% YoY to Rs 9,217 crore. Net debt to TTM EBITDA at 2x (vs 2.3x in FY24). CRISIL assigned “AAA” rating to APSEZ. India Ratings upgraded APSEZ’s long-term issuer rating to “AAA”. APSEZ’s long term debt is now ranked “AAA” by 4 domestic rating agencies, including ICRA and CARE. Operational Highlights: APSEZ clocked 220 MMT of cargo volume (up 9% YoY) in H1FY25. The growth was primarily driven by Containers (up 19% YoY). Mundra Port achieved a significant milestone by crossing 100 MMT mark in 181 days (101.1 MMT in H1). Vizhinjam port docked the largest cargo ship ever to arrive in South Asia (MSC Claude Girardet). Handled 0.31 Mn TEUs rail volume (up 11% YoY) and 10.7 MMT GPWIS volume (up 20% YoY). Container volume handled at MMLPs increased by 21% YoY to 215,958 TEUs. Ashwani Gupta, Whole-time Director & CEO, Adani Ports and Special Economic Zone (APSEZ): “We are pleased to witness continued growth across our operations, with our existing ports delivering strong volume ramp-ups and new capacity additions progressing as planned in Gopalpur, Vizhinjam and Colombo,” “During the quarter, we also diversified our marine fleet, adding 26 offshore support vessels. Our logistics business too achieved robust growth, enhancing last-mile connectivity through expansions in rakes, warehousing, MMLPs and agri-silos. Mundra Port’s remarkable milestone of crossing 100 MMT in 181 days and our cargo volume trajectory reaffirm our confidence in delivering our FY25 cargo guidance and hitting the upper end of our EBITDA guidance for the year. These results underscore APSEZ’s commitment to sustainable growth and operational excellence.” Result PDF