Adani Ports Q3 update: Nearly 70% of FY25 cargo volume guidance achieved in first nine months

AHMEDABAD : Adani Ports and Special Economic Zone Ltd. (APSEZ) on Friday, January 3, reported its cargo volume updates for the month of December.

Overall cargo volumes handled stood at 38.4 million metric tonnes (MMT) of cargo, marking an 8% year-on-year (YoY) growth.

This surge in cargo volumes was primarily driven by strong performance in container handling, which witnessed a 22% increase from the year-ago quarter. The liquids and gas segment also remained a significant contributor to the total cargo volume with 7% YoY growth, India’s largest integrated ports and logistics company said in a stock exchange filing.

For the year-to-date (YTD) period that ended in December 2024 (nine months), Adani Ports handled a cumulative cargo volume of 332.4 MMT, marking a 7% growth from the same quarter last year. Containers continued to be a significant contributor, with a 19% increase, followed by liquids and gas, which grew by 8%.

The total cargo handled by the company in the first nine months of the year is 70% of the upper end of the company’s guidance for financial year 2025 on 460 – 480 MT. The company’s logistics division also showed robust growth. Rail volumes for the YTD period reached 0.48 million twenty-foot equivalent units (TEUs), marking a 9% growth from last year.