India: Adani Ports’ cargo volumes rise 10% y-o-y in Q2FY’25

Adani Ports and Special Economic Zone (APSEZ) reported a 10% growth in cargo volumes to 111 million metric tonnes (mmt) in Q2FY’25 from 101 mmt in Q2FY’24. Additionally, Mundra Port completed a significant milestone, crossing the 100 mmt mark in 181 days. The company’s revenue rose 6% to INR 7,067 crore in Q2FY’25 against INR 6,646 crore in the CPLY. EBITDA increased 13% y-o-y to INR 4,369 crore in Q2FY’25.