Adani Ports & Special Economic Zone announced Q1FY24 results: Revenue for Q1FY24 increased by 24% YoY to Rs 6,248 crore EBITDA for Q1FY24 increased by 80% YoY to Rs 3,765 crore PAT for Q1FY24 increased by 80% YoY to Rs 2,119 crore Cargo volume growth of 12% YoY to over 101 MMT, supported by containers growth of 15% APSEZ’s market share in India jumps around 200 bps to 26% "APSEZ delivered its strongest ever quarterly operating performance during Q1FY24, with highest ever quarterly cargo volumes, revenue, EBITDA and around 200 bps jump in domestic market share, despite over 50% of the company’s total port capacity being adversely impacted for around 6 days due to the cyclone Biparjoy", said Karan Adani, CEO and Whole Time Director of Adani Ports and Special Economic Zone. "Our continuous efforts on improving operational efficiencies have resulted in domestic ports business EBITDA margin of 72% and logistics business EBITDA margin of 28%, which is higher than the reported margins of listed peers from India. Our newly acquired assets, Haifa Port and Karaikal Port, have ramped up well with monthly cargo volumes now touching 1 MMT mark at the two ports. With our cargo volumes crossing 100 MMT during the quarter, we are well on course to achieve our FY24 cargo volume guidance of 370-390 MMT.” added Karan Adani. Result PDF