Adani Ports and Special Economic Zone (APSEZ) handled 38.4 MMT of cargo during December 2024, posting a growth of 8 percent on a year-on-year basis, primarily driven by growth in container handling and the liquid & gas segment. Adani Ports and Special Economic Zone Ltd. (APSEZ) in its business update announced that the company has handled 38.4 MMT of cargo during December 2024, posting a growth of 8 percent on a year-on-year basis. This surge, it added, was primarily driven by container handling, which witnessed a 22 percent YoY growth. The liquid & gas segment also remained a contributor to the total cargo volume with 7 percent YoY growth, Adani Ports informed in a regulatory filing.
For the year-to-date (YTD) period that ended in December 2024 (nine months), Adani Ports handled 332.4 MMT of total cargo, posting a growth of 7 percent in comparison to the same period last year. This growth, the company added, was supported by containers with a 9 percent YoY growth, followed by liquids and gas, which posted an increase of 8 percent on-year.
Further, the company’s logistics rail volumes for the YTD period too reached 0.48 million twenty-foot equivalent units (TEUs), marking a growth of 9 percent on-year. Also, the General-Purpose Wagon Investment Scheme (GPWIS) achieved 16.1 MMT of volumes, posting a surge of 13 percent YoY. Earlier in October, Adani Ports had reported a net profit of Rs 2445 crore for the second quarter of FY25, up by 39.90 percent YoY. During the quarter, the company handled a total cargo of 111 MMT, up 10 percent YoY.
