Q4FY22 Quarterly Result Announced for Adani Ports & Special Economic Zone Ltd.
Adani Ports & Special Economic Zone declares Q4FY22 result: FY22 - Cargo volume jumps 26% leading to record revenue and EBITDA Achieved a total cargo volume of 312 MMT, a growth of 26% YoY The journey from 200 MMT to 300 MMT achieved in record three years Acquisitions worth ~INR 11,400 crore made while maintaining the credit quality Revenue Consolidated revenue (excluding Gangavaram) grew by 27% to Rs.15,934 Cr on the back of well-rounded growth registered by three key business segments- Port, Logistics and SEZ. Cargo volume growth, improved realization, and addition of SRCPL enabled port revenue increase of 21% to Rs.12,964 Cr. Revenue from the logistics business stood at Rs.1,208 Cr, a growth of 26% on account of improving container and terminal traffic with increase in available rolling stock, both for container and bulk cargo. EBITDA Consolidated EBITDA (excluding Gangavaram) grew by 22% to Rs.9,811 Cr on the back of 27% growth in revenue. Port EBITDA grew 21% to Rs.9,120 Cr on the back of growth in port revenues. Logistics business EBIDTA grew by 41% to Rs.320 Cr, and the margin expanded by 283 bps to 26%. This was aided by cargo diversification, elimination of loss-making routes and operational efficiency measures. “FY22 has been a stellar year for APSEZ, with achievement of various milestones for itself and new benchmarks for India’s maritime industry” said Mr. Karan Adani, Chief Executive Officer and Whole Time Director of APSEZ. The company did a record cargo volume of 312 MMT with Mundra port alone handling 150 MMT, a feat never achieved by any other commercial port in the country. Result PDF25-05-2022
