Sunday , 19 January 2020
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Adani reports 16% increase in throughput

Indian operator Adani Ports and Special Economic Zones Limited (ASPEZ) recorded a 16% year-on-year rise in container throughput between April and June, handling 1.42m teu.

This growth outpaced that of India’s total container volumes, which were up by 10%. ASPEZ’s terminals in Mundra and Hazira performed particularly well, registering throughput increases of 15% and 19% respectively.

ASPEZ also announced its financial results for the first quarter of the 2019 fiscal year and recorded a 12% fall in revenue, which stood at INR 2,411 crore (US$351M).

Earnings before interest, tax, depreciation and amortisation (EBITDA) grew by 1% to INR 1,588 crore (US$231m), with EBITDA margin increasing from 57% to 66%.

Net profit for the period stood at INR 697 crore (US$101m).

ASPEZ operates a dedicated container terminal in Ennore and has another under construction in Vizhinjam. It also operates multipurpose terminals in Kattupalli, Dharma, Hazira and Mundra.