Adani Ports And Special Economic Zone Ltd (APSEZ) on Friday released its business update wherein it announced that the company has handled 38.4 MMT of cargo during December 2024, posting a growth of 8 per cent on year-on-year basis. This surge, it added, was primarily driven by container handling which witnessed a 22 per cent YoY growth. The liquid & gas segment also remained a contributor to the total cargo volume with 7 per cent YoY growth, Adani Ports informed in a regulatory filing.
For the year-to-date (YTD) period that ended in December 2024 (nine months), Adani Ports handled 332.4 MMT of total cargo, posting a growth of 7 per cent in comparison to the same period last year. This growth, the company added, was supported by containers with a 9 per cent YoY growth, followed by liquids and gas which posted an increase of 8 per cent on-year.
Further, the company’ logistics rail volumes for the YTD period too reached 0.48 million twenty-foot equivalent units (TEUs), marking a growth of 9 per cent on-year. Also, the General Purpose Wagon Investment Scheme (GPWIS) achieved 16.1 MMT of volumes, posting a surge of 13 per cent YoY.
Earlier in October, Adani Ports had reported a net profit of Rs 2445 crore for the second quarter of FY25, up by 39.90 per cent YoY. During the quarter, the company handled a total cargo of 111 MMT, up 10 per cent YoY.