Latest news with #NQXT
Business Standard
02-05-2025
- Business
- Business Standard
Adani Ports jumps after Q4 PAT climbs 50% YoY to Rs 3,023 cr
Adani Ports & Special Economic Zone (APSEZ) rallied 5.61% to Rs 1,285.25 after the company's consolidated net profit jumped 50.02% to Rs 3,023 crore in Q4 FY25 as compared with Rs 2,015 crore in Q4 FY24. Revenue from operations climbed 23.08% to Rs 8488.44 crore during the quarter ended 31st March 2025 as compared with Rs 6896.50 crore in the quarter ended 31st March 2024. Profit before tax (PBT) increased 50.87% YoY to Rs 3,531.93 crore in Q4 FY25. EBITDA stood at Rs 5,006 crore in Q4 FY25, registering the growth of 24% as compared with Rs 4,044 crore posted in corresponding quarter last year. During the quarter, APSEZ recorded a cargo volume of 118 million metric tons (MMT), registering growth of 8% YoY. The company informed that its FY26 guidance, forecasting revenue between Rs 36,000- Rs 38,000 crore, EBITDA of Rs 21,000-22,000 crore, capex of Rs 11,000 crore- Rs 12,000 crore and Port cargo volume between 505-515 MMT. On full year basis, the companys consolidated net profit jumped 36.76% to Rs 11,092.31 crore in FY25 as compared with Rs 8,110.64 crore in FY24. Revenue from operations increased 14.09% YoY to Rs 3,0475.33 crore in FY25. Ashwani Gupta, whole-time director & CEO, APSEZ, said, Our record-breaking performance in FY25crossing Rs 11,000 crore in PAT and handling 450 MMT cargois a testament to the power of integrated thinking and flawless execution, we have outperformed guidance across all metrics, expanded our footprint across India and globally, and transformed our logistics and marine verticals into engines of future growth. From Mundra crossing 200 MMT, to Vizhinjam rapidly achieving 100,000 TEUs, to the strategic acquisitions of NQXT and Astro Offshoreevery milestone reflects our long-term vision to become the worlds largest ports and logistics platform. With robust fundamentals, industry-leading ESG ratings and an unwavering commitment to excellence, we are well-positioned for even greater strides in FY26. Meanwhile, the companys board recommended a dividend of Rs 7 per equity share for FY25, the company has fixed record date as Friday, 13 June 2025. If declared by the shareholders at the ensuing AGM, dividend shall be paid on or after June 26, 2025. Adani Ports and Special Economic Zone (APSEZ), a part of the globally diversified Adani Group, has evolved from a port company to an Integrated Transport Utility providing end to-end solutions from its port gate to customer gate. It is the largest port developer and operator in India with 7 strategically located ports and terminals on the west coast (Mundra, Tuna Tekra & Berth 13 in Kandla, Dahej, and Hazira in Gujarat, Mormugao in Goa, Dighi in Maharashtra and Vizhinjam in Kerala) and 8 ports and terminals on the East coast (Haldia in West Bengal, Dhamra and Gopalpur in Odisha, Gangavaram and Krishnapatnam in Andhra Pradesh, Kattupalli and Ennore in Tamil Nadu and Karaikal in Puducherry).
NDTV
01-05-2025
- Business
- NDTV
Adani Ports Registers Records Net Profit Worth Rs 11,061 Crore In FY25
Ahmedabad: Adani Ports and SEZ on Thursday reported an all-time high net profits in the just concluded financial year 2024-25, the company's earnings results showed. The Adani Group's ports business logged a net profit (profit after tax) worth Rs 11,061 crore in the entire fiscal, up 37 per cent. In the January-March quarter, the net profits rose 50 per cent to Rs 3,023 crore. In the January-March quarter of 2023-24, the net profits were at Rs 2,015 crore. Coming to revenue from operations, Adani Ports and SEZ reported a 16 per cent rise in revenue to Rs 31,079 crore, as against Rs 26,711 crore in 2023-24. In the January-March 2025 quarter, the revenue from operations were at Rs 8,488 crore, up 23 per cent from Rs 6,897 crore in the year ago period. The ports business of Adani Group reported an all-time high cargo volume at 450 million tonne; Mundra became the first port in India to cross 200 million tonne in a single year. Adani Ports and Special Economic Zone Limited (APSEZ) announced results for the quarter and twelve months ending March, 2025. "Our record-breaking performance in FY25--crossing Rs 11,000 Cr in PAT and handling 450 MMT cargo--is a testament to the power of integrated thinking and flawless execution," said Ashwani Gupta, Whole-time Director and CEO, APSEZ, as per a company statement. "We have outperformed guidance across all metrics, expanded our footprint across India and globally, and transformed our logistics and marine verticals into engines of future growth. From Mundra crossing 200 MMT, to Vizhinjam rapidly achieving 100,000 TEUs, to the strategic acquisitions of NQXT and Astro Offshore--every milestone reflects our long-term vision to become the world's largest ports and logistics platform. With robust fundamentals, industry-leading ESG ratings and an unwavering commitment to excellence, we are well-positioned for even greater strides in FY26." During the fiscal year, APSEZ made considerable progress in expanding its domestic port footprint. Within India, APSEZ closed the acquisition of Gopalpur port, commenced operations at Vizhinjam port, India's first fully automated transshipment port that has already crossed the milestone of 100,000+ TEUs in a single month, the company statement noted. APSEZ also commenced O&M operations at Syama Prasad Mookerjee Port's Netaji Subhas dock and won concession agreement with Deendayal Port Authority to develop Berth No. 13. APSEZ also expanded its international footprint significantly during the year. APSEZ commenced operations at the Colombo West International Terminal (CWIT), located at the port of Colombo. This is the first deep-water terminal in Colombo to be fully automated, designed to enhance cargo handling capabilities, improve vessel turnaround times and elevate the port's status as a key transshipment hub in South Asia. APSEZ's Board approved the acquisition of North Queensland Export Terminal (NQXT), Australia. NQXT is a critical export gateway for producers in resource-rich Queensland, Australia and has current capacity of 50 MTPA. APSEZ also signed a 30-year concession agreement to manage container terminal at Dar es Salaam Port, Tanzania. Adani Ports and SEZ is the largest port developer and operator in India with 7 strategically located ports and terminals on the west coast (Mundra, Tuna Tekra and Berth 13 in Kandla, Dahej, and Hazira in Gujarat, Mormugao in Goa, Dighi in Maharashtra and Vizhinjam in Kerala) and 8 ports and terminals on the East coast (Haldia in West Bengal, Dhamra and Gopalpur in Odisha, Gangavaram and Krishnapatnam in Andhra Pradesh, Kattupalli and Ennore in Tamil Nadu and Karaikal in Puducherry), representing 27 per cent of the country's total port volumes The company is also developing a transshipment port at Colombo, Sri Lanka and operates the Haifa Port in Israel and Container Terminal 2 at Dar Es Salaam Port, Tanzania.
Yahoo
23-04-2025
- Business
- Yahoo
Adani Ports acquires Abbot Point Port for $2.54bn
India's Adani Ports and Special Economic Zone (APSEZ) has announced the acquisition of 100% interest in Abbot Point Port Holdings (APPH) from Carmichael Rail and Port Singapore Holdings (CRPSHPL) for an enterprise value of A$3.97bn ($2.54bn). APPH operates the North Queensland Export Terminal (NQXT), a multi-user export terminal located at the Port of Abbot Point in North Queensland, Australia, with a current capacity of 50 million tonnes per annum. The acquisition will be executed on a non-cash basis, with APSEZ issuing "14.38 crore equity shares" to CRPSHPL. APSEZ will also take on certain non-core assets and liabilities associated with APPH, which are expected to have no net impact on the transaction's valuation. The transaction is aimed at enhancing APSEZ's capacity towards its goal of reaching one billion tonnes per annum by 2030. The acquisition is aligned with APSEZ's global expansion strategy and aims to leverage future opportunities in green hydrogen exports from the Port of Abbot Point. APSEZ whole-time director and CEO Ashwani Gupta said: 'NQXT's acquisition is a pivotal step in our international strategy, opening new export markets and securing long-term contracts with valued users. 'Strategically located on the East-West trade corridor, NQXT is poised for robust growth as a high-performing asset, driven by increased capacity, upcoming contract renewals in the medium term, and the potential for green hydrogen exports in the long term.' NQXT has been designated as a 'Strategic Port and a Priority Port Development Area' by the Queensland Government. The terminal supports Australia's resource industry and has long-term contracts with eight major customers. It is under a long-term lease from the Queensland Government, with the lease having a remaining life of 85 years until 2110. In FY25, NQXT achieved a contract capacity of 40 million metric tonnes (mt) and recorded a cargo volume of 35mt. The terminal's operations contributed A$10bn ($6.39bn) to Queensland's Gross State Product and supported approximately 8,000 jobs. In FY25, NQXT generated A$349m ($223.3m) in revenue and an EBITDA of A$228m ($145.8m), reflecting a high incremental EBITDA margin for APSEZ. In November 2024, the Kerala government and Adani Vizhinjam Port signed a supplementary concession agreement to expand Vizhinjam International Seaport, involving an additional investment of around Rs100bn ($1.3bn) to increase its capacity to three million twenty-foot equivalent units (TEUs). "Adani Ports acquires Abbot Point Port for $2.54bn" was originally created and published by Ship Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Mint
22-04-2025
- Business
- Mint
Adani Ports' latest deal revives old controversies—markets aren't impressed
Adani Ports and Special Economic Zone Ltd's stock has had a rocky few days. It plunged over 7% after a tariff-related scare, only to rebound just as fast once the move was paused. Now, it's taken another hit—this time over a high-stakes, related-party acquisition. On Thursday, the Gautam Adani-promoted company said it would acquire Abbot Point Port Holdings Pte Ltd, the parent of North Queensland Export Terminal (NQXT), for AUD 3.98 billion (approximately ₹ 21,783.33 crore). The seller? Carmichael Rail and Port Singapore Holdings Pte Ltd—a Singapore-based entity controlled by the Adani family. The deal will be funded by issuing 143.8 million equity shares, effectively transferring ownership of the Australian coal terminal back to Adani Ports from its promoters after more than a decade. Read this | Norway fund giant Norges cuts off Adani Ports While the acquisition promises to strengthen Adani Ports ' global footprint and push it closer to its 2030 cargo target, the transaction has raised sharp questions about governance, growth prospects, and environmental liabilities. Investors appear cautious: the stock is down 1.4% since the announcement, slipping as much as 4% intraday on Monday—the steepest two-day drop in two weeks. The deal still awaits key approvals, including from minority shareholders, the Reserve Bank of India, and Australia's Foreign Investment Review Board. But it's already under the microscope for several reasons—chief among them, the nature of the asset being acquired. NQXT is located within the Great Barrier Reef World Heritage Area and has long been a flashpoint for environmental groups and ESG-conscious investors. The terminal struggled to attract outside funding and needed the Adani family to step in and repay $500 million to bondholders in late 2022. It also lost a major access fee lawsuit in 2020, with the Queensland Supreme Court ordering over $100 million in damages to four companies, according to news reports. Moreover, the fact that this is a related-party deal raises concerns about potential over- or under-valuation and alignment with minority shareholders' interests. Read this | Mint Explainer: What are related party transactions and why do they run into controversies From a valuation perspective, the numbers are puzzling. NQXT was valued at 17x EV/Ebitda in FY13, when Adani Ports sold it to its promoter group. The FY25 estimate? Still 17x, according to the company's presentation. Read this | BlackRock buys nearly third of Adani group promoters' $1 bn private bonds In an 18 April note, Nuvama Institutional Equities, which has retained its buy rating on the Adani Ports stock, said the AUD 3.98 billion valuation (enterprise value, including AUD 819 million in net debt) is in line with that earlier deal, and comes at a discount to recent regional transactions, which have ranged at18–25x EV/Ebitda. 'So, at 17 times for an asset that's seen virtually no growth, where is the future growth supposed to come from?" asked an analyst at a brokerage, requesting anonymity. Some brokerages argue that growth will stem not from volumes but from pricing power. NQXT has 40 million tonnes of contracted volume, and revenue is expected to reach AUD 349 million with an Ebitda margin of 65% in FY25, pointed out a report by Elara Capital dated 20 April. 'In the next four years, Ebitda is targeted to double to AUD 400 million, led by a rise in contracted capacity to 50 million tonnes via customer addition, contract renewals at higher price and group synergy," said analyst Ankita Shah in the report. Owning the terminal outright improves the economics, too. According to Elara's Shah, the shift from a 10% O&M margin to a 90% operating margin could drive substantial profit gains. With no major capex expected until 2030, the deal could also boost return on capital employed—though high depreciation costs may keep net profit gains modest in the near term. Still, the funding structure remains a key question. The issuance of 143.8 million new shares implies a meaningful equity dilution. Nuvama estimates a 2% earnings per share dilution in FY26, but expects profits to recover from the second year onward as synergies kick in. Strategically, the asset is important. NQXT sits close to the Bowen and Galilee coal basins and offers Adani Ports a stronger foothold in Asia-facing trade corridors. Also read | Two port stocks stand out on the charts. Is Adani Ports one of them? Motilal Oswal Financial Services, which has a buy rating on the stock , said in an 18 April note that the deal strengthens the company's global footprint. The brokerage will update its growth forecasts once the acquisition closes. But as the market reaction shows, scale isn't everything. At a time when Adani Ports is trying to project global credibility and capital discipline, this deal revives old governance concerns—and those may take longer to shake off than a one-day bounce in the stock.
Time of India
21-04-2025
- Business
- Time of India
Brokerages stay bullish on Adani Ports' NQXT deal
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Brokerages remain positive on Adani Ports & Special Economic Zone's (APSEZ) acquisition of a 100% stake in Singapore-based Abbot Point Port Holdings from Carmichael Rail and Port Singapore Holdings, viewing it as a strategic addition to the company's global deal, valued at AUD 3.97 billion (AUD 3.15 billion in equity and AUD 819 million in net debt), will be financed through a preferential allotment of 143.8 million new equity shares to CRPSHPL. This will raise the promoter group's holding in APSEZ by 2.13%. Axis Capital , which maintains a Buy rating with a target price of Rs 1,518, noted that while the deal is EPS- and RoCE-dilutive through FY27 (130–150 bps drop in RoCE and 2–3% dip in EPS), the preferential allotment is at par, and NQXT's throughput has scalable potential—including future exports of green hydrogen. 'Initial market reaction could be muted, but the asset offers long-term value,' the brokerage said. Motilal Oswal Financial Services , with a Buy rating and target of Rs 1,560, said the acquisition enhances APSEZ's international cargo footprint. 'The company expects gains through higher contracted capacity, renewed contracts with better pricing, and operational synergies. EBITDA is projected to rise from AUD 228 million in FY25 to AUD 400 million by FY29.'Shares of APSEZ which rose 12% in the last three months compared to a 4.78% gain in the Nifty ended 1.3% lower on Monday to close at Rs 1, operational since 1984 and held under a 99-year lease from the Queensland government, gives APSEZ 85 years of assured control over a strategic asset. The terminal is a key export hub for coal, with 88% of FY25 cargo volumes destined for Asia—including 12.4 MMT to China and 6.4 MMT to Securities said Abbot Point is a scalable, high-quality asset that strengthens APSEZ's global growth strategy. 'With long-term take-or-pay contracts, access to high-grade, low-cost coal mines, and geographic diversification across Asia, the asset justifies the 17x EV/EBITDA valuation. A strong four-year growth trajectory further supports the deal's strategic merit.'On a pro forma basis, the NQXT acquisition is expected to boost APSEZ's consolidated volume, revenue, and EBITDA by 6–7% in FY26, with a 4% uplift in PAT, further aligning with the company's 1,000 MMT throughput target by 2030, said Kotak Securities.
