Adani Ports & Special Economic Zone announced H1FY24 results: Consolidated operating revenue grew by 26% YoY to Rs 12,894 crore Consolidated EBITDA including forex impact grew by 49% YoY to Rs 7,429 crore. Excluding forex impact consolidated EBITDA is Rs 7,634 crore. Ports business EBITDA margin expanded by 220 bps to 72% with improved realization and operating efficiencies Logistics business EBIDTA margin was maintained at 29% APSEZ has concluded a buy-back of two tranches of USD-denominated bonds totaling USD 325 million, representing 50% of the principal repayment due on July 24. Net Debt to EBITDA for TTM Sep’23 improved to 2.8x versus 3.1x for the full year ended Mar’23. On a YTD basis (Apr – Oct’ 23), APSEZ has handled 240 MMT of total cargo, which is a good 18% YoY growth. APSEZ’s domestic cargo volume growth in H1FY24 is over 2x India’s cargo volume growth rate. “APSEZ achieved another milestone by registering its highest ever half-yearly revenue of Rs 12,894 crore, EBITDA of Rs 7,429 crore, and cargo volumes of 203 MMT during H1FY24. The splendid performance was on the back of a 14% YoY increase in cargo volume coupled with improving operational efficiencies at our ports, which has resulted in our domestic ports EBITDA improving by 220bps YoY to 72% during H1FY24,” said Karan Adani, CEO and Whole Time Director of Adani Ports and Special Economic Zone. Result PDF