APSEZ FY24 quarter results, net profit jumps 50%
In FY24, APSEZ handled 27% of the country’s total cargo and 44% of container cargo. APSEZ domestic cargo volumes grew by 21% Y-o-Y vs 7.5% growth in India’s cargo volumes in FY24.
In FY24, APSEZ handled 27% of the country’s total cargo and 44% of container cargo, while the APSEZ domestic cargo volumes grew by 21% Y-o-Y vs 7.5% growth in India’s cargo volumes in FY24.
Revenue growth of 28% Y-o-Y to Rs 26,711 Cr in FY24, supported by a 30% jump in ports business revenue and 19% in logistics business. EBITDA (excl. forex) jumps 24% Y-o-Y to Rs 15,864 Cr, with Rs 15,246 Cr contributed by the ports business and Rs 540 Cr by the logistics business.
Read Also : SJVN Limited holds 36th Annual General MeetingFor FY24, the APSEZ Board has recommended a dividend of Rs 6 per share, in line with our capital allocation policy. This implies a payout of around Rs 1,300 Cr for the company. Domestic port EBITDA margin expanded by 150 bps with better sweating of assets (capacity utilization of 67% in FY24 vs 56% in FY23).
Record PAT of Rs 8,104 Cr (+50% Y-o-Y), despite a write-off of Rs 455 Cr resulting from the switch to the new tax regime for one of its subsidiaries.
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