Adani Ports and Special Economic Zone (APSEZ) continues to demonstrate its dominance and resilience in India’s logistics and maritime sectors, achieving remarkable growth in cargo volumes and profitability despite facing external challenges. The company’s year-to-date (YTD) and monthly performance highlights its pivotal role in supporting India’s trade infrastructure.
Key Achievements and Performance Metrics
- November 2024 Cargo Performance
APSEZ handled 36 MMT of cargo during November 2024, primarily driven by a 21% year-on-year (YoY) growth in container volumes. - YTD November 2024 Growth
The company handled a total of 293.7 MMT of cargo on a YTD basis, marking a 7% increase YoY. The growth was fueled by:- 19% YoY rise in container volumes.
- 7% YoY growth in liquids and gas cargo.
- Logistics and Rail Highlights
- YTD rail volumes surged by 10% YoY to reach 0.42 million TEUs.
- GPWIS (General Purpose Wagon Investment Scheme) volumes increased by 15% YoY to 14.2 MMT.
- October 2024 Performance
In October 2024, APSEZ handled 37.9 MMT of cargo. On a YTD basis, it achieved 257.7 MMT, reflecting an 8% YoY growth. - Fiscal Q2 Highlights
During the fiscal second quarter, the company posted a profit of ₹2,445 crore, a 39.90% YoY increase, supported by:- Handling 111 MMT of total cargo, up 10% YoY.
- Progress in new capacity additions at Gopalpur, Vizhinjam, and Colombo.
Challenges and Resilience
Recently, APSEZ faced allegations of securities and wire fraud by the US Department of Justice and SEC. In response, Gautam Adani emphasized the group’s commitment to resilience, stating, “Every attack makes us stronger.”
Performance Summary in Table Format
| Category | Metric | Performance | Growth (YoY) |
|---|---|---|---|
| November 2024 Cargo | Total Cargo Volume | 36 MMT | 21% (Containers) |
| YTD November 2024 Cargo | Total Cargo Volume | 293.7 MMT | 7% |
| Containers | – | 19% | |
| Liquids & Gas | – | 7% | |
| YTD Logistics Rail Volume | Total Volume | 0.42 million TEUs | 10% |
| GPWIS Volumes | Total Volume | 14.2 MMT | 15% |
| October 2024 Cargo | Total Cargo Volume | 37.9 MMT | – |
| Fiscal Q2 2024 | Cargo Volume | 111 MMT | 10% |
| Profit | ₹2,445 crore | 39.90% |
Conclusion
Adani Ports’ robust operational growth and strategic capacity expansions position it as a critical enabler of India’s logistics ecosystem. Despite global scrutiny and challenges, the company continues to focus on long-term sustainability and value creation for its stakeholders.
Glottis Limited 
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