In-line performance; well placed to surpass volume guidance of FY24

Company
11 Mar 2024
5 Min read 
  • Adani Ports & SEZ reported a revenue growth of 45% YoY in 3QFY24.
  •  Cargo volumes increased by 44% YoY, reaching 108.6 MMT in 3QFY24.
  •  EBITDA margin came in at 60.5% in 3QFY24.
  •  The company aims to surpass its FY24 cargo volume guidance of 400 MMT.
  •  APSEZ has achieved its net Debt to EBITDA target of 2.5x and plans to sustain this level.
  •  The logistics business is well-positioned for faster growth.
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