Adani Ports And Special Economic Zone Ltd (APSEZ) on Tuesday released its business update for the month of May wherein it announced that the company has handled 41.8 MMT cargo volume during the period. This, it added, was up 17 per cent on a year-on-year basis.

The growth was led by container handling which witnessed a 22 per cent YoY increase and the dry cargo segment which recorded a 17 per cent surge in volumes, Adani Ports said in a regulatory filing.

On a year-to-date (YTD) basis, APSEZ handled 79.3 MMT of total cargo, reporting a growth of 10 per cent YoY. This was led by containers that went up by 21 per cent YoY.

During the month in review, logistics rail volumes stood at 0.06 Mn TEUs, up 13 per cent on-year and general purpose wagon investment scheme (GPWIS) volume was at 2.01 MMT, reporting a growth of 4 per cent YoY.

On YTD basis, logistics rail volumes for the month of May came in at 0.12 Mn TEUs, up 15 per cent on-year and GPWIS volume was at 3.8 MMT. This was up by 4 per cent on-year.

Earlier last month, Adani Ports released its fiscal fourth quarter earnings report with a 48 per cent rise in consolidated net profit, reaching Rs 3,014 crore. This growth was fueled by increased income and revenue. Operational revenue, meanwhile, was recorded at Rs 8,488 crore in the March quarter of FY25.
Source: Financial Express