Adani Ports and Special Economic Zones Ltd. (APSEZ) on Thursday said that its net profit rose 47% year-on-year (YoY) to ₹3,113 crore in the first quarter of FY25. The company had posted a net profit of ₹2,119 crore in the corresponding quarter last year.

The company witnessed a 21% YoY rise in its revenue growth to ₹7,559 crore, compared to ₹6,247 crore in the year-ago period.

Operating profit, calculated as EBITDA, clocked a growth of 29% YoY at ₹4,847 crore, while margins expanded by 400 basis points to 64% from 60% in the year-ago period.

Also, Adani Ports reported its highest-ever quarterly revenue from operations, and highest-ever EBITDA and profit for the quarter, the company said in a filing.

On the operational front, Adani Ports clocked 109 MMT of cargo volume, up 8% YoY. This was primarily driven by 18% YoY growth in containers, and 11% YoY rise in liquids and gas. The company faced a temporary disruption leading to a loss of 5.7 MMT at the Gangavaram Port, which is now fully restored.

At 51 MMT, Mundra port handled the highest-ever quarterly volume by any Indian port.

“FY25 has begun on a strong note for us with stellar performance on both financial and growth fronts. On the financial front, we posted all-time high earnings. But for the temporary disruption in Gangavaram Port, which is now fully restored, our Q1 cargo volume would have been at 114.7 MMT, a 13% increase. On the growth front, we won two new port concessions and a port O&M contract,” said Ashwani Gupta, Whole-time Director and CEO of APSEZ.

Following the earnings announcement, shares of Adani Ports and Special Economic Zone Ld. were trading a percent higher at ₹1,582.95 apiece on the NSE.