Adani Ports record 41% yoy rise in cargo volume to 26 MMT in March 2021; Stock hits new all-time high

For the fourth quarter ending March 2021 (Q4FY21), the company handled a cargo volume of 73 MMT registering a growth of 27% on Year-on-Year basis.

April 06, 2021 10:36 IST India Infoline News Service

Adani Ports and Special Economic Zone Limited (“APSEZ”) handled cargo volume of 26 MMT in March 2020, increasing by 41% on Year-on-Year basis and 23% on Month-on-Month basis.

For the fourth quarter ending March 2021 (Q4FY21), the company handled a cargo volume of 73 MMT registering a growth of 27% on Year-on-Year basis.

For full fiscal FY21, the company handled cargo volume of 247 MMT registering a growth of 11% on Year-on-Year basis.

On segment-wise performance, ASPEZ in the container segment, handled 7.22 Mn TEU’s in FY21 registering a growth of 16 % on Year-on-Year basis. Market share of APSEZ in the container has increased to 41% of All India container volume in FY21.

Notably, the west coast ports of APSEZ (Mundra and Hazira) handled 6.32 Mn TEU’s of container volume in FY21. The Market share of western ports of APSEZ in the container segment has increased to 48% in FY21.

As for the Mundra Port, it capped the fiscal FY21 with a record cargo volume of 144.4 MMT a growth of 4% on Year-on-Year basis and continues to be the largest port of the country. The gap between 1st largest port in India i.e. Mundra and 2nd largest port in India i.e. Kandla is now more than 24 % (28 MMT).

Also, the Mundra port handled a container volume of 5.65 Mn TEU’s a growth of 18% on Year-on-Year basis. This is against approx. 4.7 Mn TEU’s handled by JNPT the second largest container port in India.

Furthermore, in FY21, the company operated more than 5,000 rake movements across various ports and the hinterland of India. Further, our Ports and Logistics business generated Rs5,900cr as freight revenue for Indian railways.

Moreover, in the fiscal, the company's business contributed significantly to the Indian exchequer by the way of Import duties of Rs45,000cr and GST collection of Rs2,300cr.
At around 10.37 am, Adani Ports was trading at Rs773.65 per piece up by 4.24% on Sensex. The stock has touched a new all-time high of Rs773.75 per piece on the index.

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