Adani Ports and Special Economic Zone (APSEZ) reported a 14per centyear-on-year (YoY) increase in consolidated net profit for the December quarter of FY24-25, reaching Rs 2,518.39 crore. The growth was driven by higher income, according to the company's regulatory filing on Thursday.
India’s largest integrated logistics player had recorded a profit of Rs 2,208.21 crore in the same quarter last year. Total income for the quarter rose to Rs 8,186.90 crore, up from Rs 7,426.95 crore a year ago, while total expenses increased to Rs 5,190.53 crore from Rs 4,588.10 crore.
APSEZ Whole-time Director and CEO Ashwani Gupta stated that the company has revised its FY25 EBITDA forecast upwards to Rs 18,800-18,900 crore.
Adani Enterprises Q3 results
Meanwhile, Adani Enterprises Ltd (AEL) reported a sharp decline in net profit for the quarter ended December 31, 2024, with earnings plunging to Rs 58 crore. This marks a significant drop from the Rs 1,888 crore profit posted in the same period last year.
The company’s revenue fell 9 per cent YoY to Rs 22,848 crore in Q3FY25, compared to Rs 25,050 crore in Q3FY24. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) also declined by 4.8per cent to Rs 3,069.4 crore, down from Rs 3,225.7 crore in the previous year.
AEL Consolidated EBITDA surged by 29 per cent to Rs. 12,377 crore, driven primarily by the performance of the Adani New Industries Limited (ANIL) Ecosystem and Adani Airports.
Additionally, profit before tax (PBT) rose by 21 per cent to Rs. 5,220 crore, underscoring the resilience of AEL's business model.
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