Record quarterly cargo, revenue and EBITDA - Adani Ports

Adani Ports and Special Economic Zone Ltd (APSEZ) has reported its Q1 FY24 results, with a 12% increase in cargo and a 24% increase in revenue compared to Q1 FY23. The company achieved its highest ever quarterly performance despite the impact of cyclone Biparjoy. APSEZ also highlighted its operational efficiencies, with a domestic ports business EBITDA margin of 72% and logistics business EBITDA margin of 28%. The company aims to achieve a cargo volume of 370-390 MMT for FY24. Total capex for the year is expected to be Rs 4,000-4,500 Cr.

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