and Special Economic Zone Limited (“APSEZ”), India’s largest port developer and
the logistics arm of Adani Group, announced its operational and financial
performance for the first quarter ended 30th June, 2019.
Mr. Karan Adani, Chief Executive Officer and Whole Time Director of APSEZ said, “Cargo throughput at our
ports continues to be robust. Our strategy to have multi commodity ports with
geographical diversity connected to major economic hinterland, ability to
handle various types of cargo and forming joint ventures with ship liners has
helped us to get more cargo at our ports. Our focus would continue to be on
optimum utilization of facilities, provide customer centric solutions and
ensure that we continue to outperform the growth registered by all India ports.
We will continue to adopt best practices in Environment, Social and Governance
Mr. Deepak Maheshwari, Chief Financial Officer said, “Continued strength in our
core operations has resulted in 16% increase in both our consolidated operating
Revenue and EBITDA, maintaining our EBITDA margins. We are focused on
allocating capital efficiently and improving the return on capital employed”.
Revenue : -Increased by 16% from Rs.2,411 cr in
Q1FY19 to Rs.2,794 cr in Q1FY20 on the back of strong ports volume growth and
Increased by 16% from Rs.1,588 cr in Q1FY19 to Rs.1,843 cr in Q1FY20 on the
back of continued strong cargo volume growth.
EBITDA Margin: -Maintained
PBT: -Profit before tax increased by 48%
from Rs.922 cr in Q1FY19 to Rs.1,362 cr in Q1FY20.
PAT: -Profit after tax increased by 46% from Rs.691
cr in Q1FY19 to Rs.1,011 cr in Q1FY20.
Performance and other Important Developments: -
on Y o Y basis
In Q1FY20, APSEZ once again demonstrated its superior quality of delivery
by handling record cargo throughput of 57 MMT in a quarter thus registering 18%
Cargo volume growth.
the first time, APSEZ handled record container volume of over 1.5 Million TEU’s
in a quarter.
Ports across Regions register growth. While Mundra the flagship port of
APSEZ grew by 16%. Hazira grew by 20%, Kattupalli by 16% and Dhamra grew by
43%. Terminals at Major Ports namely Tuna, Vizag, Goa and Ennore registered 35%
cargo volume growth
Dhamra Port is back on growth track with a 43 % increase in cargo volume.
Currently, the port is operating four bulk rakes under GPWIS scheme. (General
Purpose Wagon Investment Scheme).