Adani Ports and Special Economic Zone (APSEZ) reported a 14per centyear-on-year (YoY) enhance in consolidated net profit for the December quarter of FY24-25, reaching Rs 2,518.39 crore. The development was pushed by greater earnings, in accordance to the corporate’s regulatory submitting on Thursday.
India’s largest built-in logistics participant had recorded a profit of Rs 2,208.21 crore in the identical quarter final 12 months. Total earnings for the quarter rose to Rs 8,186.90 crore, up from Rs 7,426.95 crore a 12 months in the past, whereas complete bills elevated to Rs 5,190.53 crore from Rs 4,588.10 crore.
APSEZ Whole-time Director and CEO Ashwani Gupta said that the corporate has revised its FY25 EBITDA forecast upwards to Rs 18,800-18,900 crore.
(*58*)Adani Enterprises Q3 outcomes
Meanwhile, Adani Enterprises Ltd (AEL) reported a pointy decline in net profit for the quarter ended December 31, 2024, with earnings plunging to Rs 58 crore. This marks a big drop from the Rs 1,888 crore profit posted in the identical interval final 12 months.
The firm’s income fell 9 per cent YoY to Rs 22,848 crore in Q3FY25, in contrast to Rs 25,050 crore in Q3FY24. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) additionally declined by 4.8per cent to Rs 3,069.4 crore, down from Rs 3,225.7 crore within the earlier 12 months.
AEL Consolidated EBITDA surged by 29 per cent to Rs. 12,377 crore, pushed primarily by the efficiency of the Adani New Industries Limited (ANIL) Ecosystem and Adani Airports.
Additionally, profit earlier than tax (PBT) rose by 21 per cent to Rs. 5,220 crore, underscoring the resilience of AEL’s enterprise mannequin.
