Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday released its fiscal first quarter earnings report with profit at Rs 3,314.59 crore. This was 6.48 per cent higher than Rs 3,112.83 crore recorded during the corresponding quarter of FY25, boosted by growing cargo volumes. The company EBITDA stood at Rs 5,495 crore, up 13 per cent on-year.
It posted revenue from operations at Rs 9,126.14 crore, reporting a growth of 31.19 per cent as against Rs 6,956.32 crore recorded during the first quarter of previous financial year. Ashwani Gupta, Whole-time Director & CEO, APSEZ, attributed the revenue growth to “extraordinary momentum” in the logistics and marine businesses, which grew 2x and 2.9x respectively.
Adani Ports Q1: Gautam Adani exits key managerial role
Adani Ports announced that Gautam Adani exited from the position of Executive Chairman of APSEZ, with effect from August 5. Consequently, he ceases to be a key managerial personnel of the company, it said in an exchange filing.
“…the Board has also approved the following: i. re-designation of Mr Gautam S Adani from Executive Chairman to Non Executive Chairman with effect from August 5, 2025 and consequently he would ceased to be key managerial personnel of the Company,” it said.
The company has also appointed Manish Kejriwal as an Additional Non-Executive Director for an initial term of 3 years. He is the founder and managing partner of a private equity firm.
Adani Ports Q1: Performance across business verticals
Ports: The business vertical recorded cargo volumes at 121 MMT, posting a growth of 11 per cent on-year during the quarter in review. The Adani Group company commenced operations at (i) Fully automated container terminal in Colombo port, (ii) Export terminal in Dhamra Port.
Logistics: The segment recorded 2x growth YoY to Rs 1,169 crore from Rs 571 crore. During the period, it received approval for EXIM operations at (i) Virochannagar (Gujarat), (ii) Kishangarh (Rajasthan), (iii) Malur (Karnataka) ICDs.
Marine: The vertical posted 2.9x growth YoY to Rs 541 crore as against Rs 188 crore with 118 vessels.
Ashwani Gupta said, “Coupled with cargo growth and market share gains in the domestic ports business, and higher revenue and improving EBITDA in international ports, we remain firmly on track to meet our FY26 guidance.”