Q1 2025 Adani Ports and Special Economic Zone Ltd Earnings Call Transcript
Key Points
- Adani Ports & Special Economic Zone Ltd (BOM:532921) reported its highest-ever revenue, EBITDA, and PAT for Q1 FY25.
- The company handled 109 million metric tonnes of cargo in Q1, marking an 8% year-on-year increase.
- Adani Ports & Special Economic Zone Ltd (BOM:532921) won two concession agreements to operate terminals in Tanzania and Deendayal Port.
- The logistics business expanded its warehousing capacity to 2.9 million square feet and added four rakes.
- CARE and ICRA upgraded the company's credit rating to AAA, and S&P upgraded its outlook to positive from stable.
- Gangavaram port faced operational challenges, being non-operational for 36 days in Q1.
- The logistics business margins fluctuated, with a decrease to 25% in the current quarter.
- The company faced a frivolous land recovery case in Gujarat Mundra Port, which is being contested in the Supreme Court.
- Haifa Port operations were impacted by geopolitical tensions, leading to a 42% drop in dry bulk and 22% in container volumes.
- The company has significant capex plans, including INR20,000 crores for the second phase of Vizhinjam, which may strain financial resources.
Ladies and gentlemen, good day, and welcome to Adani Ports and SEZ Limited Q1 FY25 earnings conference call hosted by PhillipCapital India Private Limited. This conference call may contain forward-looking statements about the company, which are based on beliefs, opinions, and expectations of the company as on date of this call. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict.
(Operator Instructions)
Please note that this conference is being recorded. I now hand the conference over to Mr. Vikram Suryavanshi from PhillipCapital. Thank you, and over to you.
Thank you, Den. Good afternoon, and a very warm welcome to everyone. On behalf of PhillipCapital, I'm pleased to welcome you all on the earnings call of Adani Ports and SEZ Limited for first quarter of financial year 2025.
We are happy to have the management with us here today for question and answers session with the investment community.
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