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Adani Ports and Special Economic Zone Ltd (APSEZ) reported a 9% year on year increase in cargo handled during December, reaching 41.9 MMT, supported primarily by an 18% rise in container traffic, according to a stock exchange filing earlier this week. This comes after November volumes grew 14% year on year. For the April-December period, total cargo throughput rose to 367.3 MMT, up 11% year on year, with container volumes increasing 21%. Rail logistics volumes were mostly flat in December, while GPWIS volumes declined slightly, although year to date rail traffic showed strong growth.
Adani Ports and Special Economic Zone Ltd (APSEZ), India's largest private port operator, reported that total cargo handled in December rose by 9% compared with the same month last year, reaching 41.9 MMT, as per a stock exchange filing earlier this week. This followed cargo handling of approximately 41 MMT in November, which had seen a 14% year on year increase. Container traffic was the main driver of growth, rising 18% in December compared with the previous year, highlighting strong demand in the container segment. Advertisement
For the April-December period, APSEZ handled 367.3 MMT of cargo, marking an 11% increase year on year. Container volumes grew 21% during the same period, reflecting sustained demand across the company's port network. Rail logistics volumes for December were almost unchanged at 59,037 twenty foot equivalent units (TEUs) year on year. Year to date rail container traffic, however, recorded significant growth, showing resilience in the logistics operations. On the other hand, volumes under the General Purpose Wagon Investment Scheme (GPWIS) fell by 7% in December but remained stable over the nine-month period.
The performance indicates a mix of trends across APSEZ's operations, with container cargo driving overall growth while certain segments such as GPWIS volumes and monthly rail TEUs remain muted. Analysts and investors have been observing the company's stock closely after these updates, as the results highlight the company's capacity to manage increasing cargo volumes across multiple segments. The company's focus on efficient handling of container traffic and connectivity to hinterland markets continues to play a key role in sustaining growth.
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