Adani Ports Q1 Profit Rises 6.5% Gautam Adani Exits Key Role

Adani Ports and Special Economic Zone Ltd (APSEZ) reported a 6.48% increase in net profit to Rs 3,314.59 crore for the fiscal first quarter, driven by growing cargo volumes and strong performance in logistics and marine businesses. Revenue from operations surged 31.19% year-on-year to Rs 9,126.14 crore, while EBITDA rose 13% to Rs 5,495 crore, although margins narrowed to 60.2%. The company handled 120.6 million metric tonnes (MMT) of total cargo during the quarter, an 11% increase from the previous year, with container business growing 15%. APSEZ maintained its full-year revenue guidance of Rs 36,000 to Rs 38,000 crore, EBITDA guidance of Rs 21,000 to Rs 22,000 crore, and capex forecast of Rs 11,000 to Rs 12,000 crore. Notably, Gautam Adani has stepped down as Executive Chairman and is now designated as non-executive Chairman of the company. Despite the positive results, shares of Adani Ports traded slightly lower following the announcement.