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Adani Ports and Special Economic Zone Ltd (APSEZ) has reported a robust financial performance for the quarter ended June 2025, alongside key board-level changes that signal a strategic evolution in leadership. The company posted consolidated revenue from operations of Rs 91.26 billion and a net profit of Rs 33.15 billion, reflecting strong cargo volumes, operational efficiency, and sustained growth across its logistics and port verticals.
In parallel, APSEZ announced the appointment of Manish Kejriwal as Additional Director for a three-year term and the re-designation of Gautam S. Adani as Non-Executive Chairman, marking a shift in governance structure aimed at long-term strategic oversight.
Key highlights from the quarterly update
- Consolidated revenue from operations stood at Rs 91.26 billion for Q1 FY26
- Net profit reached Rs 33.15 billion, driven by higher cargo throughput and margin expansion
- Cargo volumes rose 11 percent year-on-year, with container traffic leading the growth
- Mundra Port continued to be the top-performing asset, handling over 41 million metric tonnes in June alone
- Logistics segment saw double-digit growth in rail volumes and multimodal freight services
Operational performance and market leadership
APSEZ maintained its position as India’s largest integrated ports and logistics company, with a pan-India presence and growing international footprint. The company’s ports handled over 120.6 million metric tonnes of cargo during the quarter, supported by:
- Strong container volume growth of 15 percent year-on-year
- Expansion in liquid and gas cargo segments
- Continued operations at Haifa Port in Israel and ramp-up at Vizhinjam and Gopalpur terminals
The logistics business contributed significantly to revenue, with rail volumes rising 17 percent and freight services expanding across key corridors. The company’s integrated model continues to reduce logistics costs for customers and improve delivery timelines.
Board-level changes and strategic appointments
In a move to strengthen governance and strategic oversight, APSEZ announced the following board-level changes:
- Manish Kejriwal, a seasoned investor and founder of Kedaara Capital, has been appointed as Additional Director for a term of three years. His experience in private equity and corporate strategy is expected to bring valuable insights to APSEZ’s growth roadmap.
- Gautam S. Adani has been re-designated as Non-Executive Chairman, transitioning from his previous role as Executive Chairman. This change reflects a shift toward a more supervisory role, allowing the executive team to drive day-to-day operations.
These appointments are part of a broader leadership restructuring that includes Karan Adani continuing as Managing Director and Ashwani Gupta serving as Chief Executive Officer and Whole-Time Director.
Strategic outlook and growth plans
Looking ahead, APSEZ aims to:
- Expand its cargo handling capacity to over 515 million metric tonnes by FY26
- Deepen its presence in international markets through strategic acquisitions and partnerships
- Invest in digital infrastructure and automation to enhance operational efficiency
- Raise up to Rs 5,000 crore through non-convertible debentures to fund expansion and refinance existing debt
The company’s financial discipline remains strong, with net debt-to-EBITDA improving and margins holding steady despite competitive pressures.
Conclusion
Adani Ports and Special Economic Zone Ltd has delivered a strong start to FY26 with Rs 91.26 billion in revenue and Rs 33.15 billion in net profit. The board-level changes, including the appointment of Manish Kejriwal and the re-designation of Gautam Adani, reflect a strategic shift toward long-term value creation and governance excellence. With a clear growth roadmap and operational momentum, APSEZ is well-positioned to lead India’s port and logistics transformation.
Sources: Economic Times, Business Standard, Moneycontrol, Adani Ports Corporate Filings
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