Adani Ports and Special Economic Zone Ltd – Page 3

Business

Karan Adani is the new MD of APSEZ

January 3, 2024 Vinayak Barot

Ahmedabad, 3 Jan 2024: Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest ports and logistics company, has elevated CEO Mr Karan Adani to the role of Managing Director, a position which was held by Mr Gautam Adani, Chairman of the Adani Group. Mr Gautam Adani is re-designated as ‘Executive Chairman’ of APSEZ, one […]

Business

APSEZ’s cargo volumes jump 42% YoY in Dec 2023

January 2, 2024 Vinayak Barot

Ahmedabad, 2 January 2024: In December 2023, Adani Ports and Special Economic Zone Ltd (APSEZ) handled 35.65 MMT of cargo volumes, resulting in a strong 42% year-on-year (YoY) increase. Dry bulk cargo handling was up 63% while handling of containers increased by over 28% on a YoY basis. For the quarter ended December, APSEZ handled […]

Business

H1 FY24 EBITDA jumps 49%, while revenue grew by 26% Y-o-Y

November 9, 2023 Vinayak Barot

Ahmedabad, 9 November 2023: Adani Ports and Special Economic Zone Ltd (“APSEZ”), today announced its results for the second quarter and six months ending 30th September 2023. (Amounts in Rs Cr) Particulars H1 FY24 H1 FY23 Y-o-Y Change Cargo (MMT) 202.6 177.5 14% Revenue 12,894 10,269 26% EBITDA# 7,429 4,980 49% PAT 3,881** 2,915 33% […]

Business

Adani Ports and Special Economic Zone Ltd : Record quarterly cargo, revenue and EBITDA

August 8, 2023 Vinayak Barot

Ahmedabad, 8 August 2023: Adani Ports and Special Economic Zone Ltd (“APSEZ”), today announced its results for the first quarter ended 30 June 2023. # EBITDA includes the impact of forex mark-to-market gain or loss. In Q1 FY24, forex gain is Rs 10.93 Cr and in Q1 FY23, forex loss is Rs 1201.14 Cr. APSEZ […]

Business

FY24 starts on a monthly high of 32.3 MMT, Volumes increase by 12.8% YoY

May 4, 2023 Vinayak Barot

Ahmedabad, 4 May 2023: Adani Ports and Special Economic Zone Ltd (APSEZ), the largest integrated transport utility in India and a part of the diversified Adani Group, handled 32.3 MMT of total cargo in April 2023, implying a Y-o-Y growth of 12.8%. This growth in cargo volumes is supported by dry cargo volumes increase of […]

Adani Group have concluded the Myanmar Port sale for a total consideration of USD 30 Mn

May 4, 2023 Vinayak Barot

Ahmedabad, 4 May 2023: Adani Ports and Special Economic Zone Ltd (APSEZ), the largest integrated transport utility in India and a part of the diversified Adani Group have concluded the Myanmar Port sale for a total consideration of USD 30 Mn. In May 2022, APSEZ announced signing of a Share Purchase Agreement (SPA) for the […]

Business

With 339 MMT, Adani Ports end FY23 on a new high

April 5, 2023 Vinayak Barot

Ahmedabad, 5 April 2023: Adani Ports and Special Economic Zone Ltd (APSEZ), the largest integrated transport utility in India and a part of the diversified Adani Group, handled ~32 MMT of total cargo in March 2023, implying a Y-o-Y growth of ~9.5%. For the first time since July 2022, the volumes crossed the 30-MMT mark. […]

Business

APSEZ 9M EBITDA grows by 19%, Port EBITDA at 70% & Logistics EBITDA at 29%

February 7, 2023 Vinayak Barot

Ahmedabad, 7 February 2023: Adani Ports and Special Economic Zone Ltd (“APSEZ”), today announced its results for the third quarter and nine months ended 31 December 2022. (Amounts in Rs Cr) Particulars Q3 FY23 Q3 FY22 Y-o-Y Change 9M FY23 9M FY22 Y-o-Y Change Cargo (MMT) 75.4 74.4 1% 252.9 234.3 8% Revenue 4,786 4,072 […]

Business

FY22 – Cargo volume jumps 26% leading to record revenue and EBITDA

May 25, 2022 Vinayak Barot

Ahmedabad, 24 May 2022: Adani Ports and Special Economic Zone Ltd (“APSEZ”), the largest transport utility in India, today announced its results for the fourth quarter and year ended 31 March 2022. Particulars Cargo Revenue EBITDA# Free Cash Flow FY22 FY21 FY22 FY21 FY22 FY21 FY22 FY21 APSEZ* 282 247 15,934 12,550 9,811 8,063 5,261 […]

Business

Adani acquires India’s largest marine services company Ocean Sparkle

April 22, 2022 Vinayak Barot

Ahmedabad, 22 April 2022: Adani Ports and Special Economic Zone Ltd (“APSEZ”) through its subsidiary, The Adani Harbour Services Ltd (“TAHSL”), has entered into a definitive agreement for acquisition of 100% stake in Ocean Sparkle Ltd (‘OSL’), India’s leading third-party marine services provider. Key activities carried by the company include towage, pilotage, and dredging. With […]