Adani Ports

Adani Ports declared its Q2FY15 numbers and it was a strong set of performance. On a 38% (YoY) rise in consolidated net sales at Rs.1445 crore and aided by a 102% jump in other operating income, the company ended the quarter with a net profit at Rs.73 crore, up 67%. Operating costs rose 45% and its biggest expense, the finance cost, rose 84%. The above results include the result of The Dhamra Port Company Limited, which APSEZ acquired w.e.f June 23, 2014.

Consolidated cargo handled by the company was 35.18 MMT in Q2FY15, an increase of

25%, over corresponding quarter last year. Adani Ports at Mundra handled 26.57 MMT

cargo in Q2FY15 thereby continuing its leadership as the largest commercial port in India. The Mundra port registered a 8% growth in Q2FY15 compared to 4% aggregate cargo growth at all major ports. Also, in case of containers, the Mundra port handled 0.67 Million TEUs in Q2FY15 as against 0.56 Million TEU’s in corresponding quarter last year resulting in a 18% growth as compared to growth of 9% aggregate growth in container volumes at all the major ports.

The company’s borrowings as at 30st Sept 2014 stood at Rs.16,600 crore.