Adani Ports and Special Economic Zone

“And now I have CT5, which is starting and already secured with the volume and the revenue and cost we know. Then Colombo already started on 1st of October.”

“Yes, we -- I think let's see Q3 and Q4. We are very much confident that we will increase the market share”

“This increase in capex is mainly in India where we are accelerating the projects because we see clearly the potential.”

“The -- I think, at first, increase in capex do not include any international capex, even organic.”

“So, based on that prediction and based on the fundamentals of Indian economical growth, we are accelerating the investment in the capex which is Mundra, Dhamra, Hazira and the other ports”

“Yes, we said we will deliver by December 2028. We will.”

“And on the other side, we had the CT5, which we are starting in in in few weeks from now.”

“but yes, if the way we are working, if it continues maybe we will finishing the 1 billion capacity little bit before 2031.”

“domestic ports business delivered 13% revenue growth while maintaining a industry-leading EBITDA margin of 72.5%.”

“Revenue grew 71% to INR1,839 crores, while EBITDA more than tripled to INR878 crores.”

“Quarter 2 FY27 logistics revenue grew 21% year-on-year.”

“After a temporary slowdown in quarter 1 due to disruptions arising from the West Asia crisis, container volumes rebounded strongly, growing 15% sequentially in quarter 2.”

“Truck revenue increased 28% year-on-year, while integrated freight network revenues more than doubled over the same period.”

“As you remember that couple of months before, we launched the EXIM in Vizhinjam and the traction has been extremely good.”

“There we are doing fine because, you know, with the contracts which we have the customers and the steel consumption which went up helped us in having the coking coal growth.”

“But what we are trying to do is to bifurcate because coastal is the future and maximum growth will come definitely from the coastal coal.”

“We already see double-digit growth in the domestic volume.”

“And we will have the benefit of those volumes coming through in the remaining two quarters of this financial. So, there is upside on a like-for-like ways.”

“EBITDA margins expanded sharply to 47.7% from 24.2% a year ago”

“What we can promise you is we keep on one side a very strict cost discipline at our operations as we do in terms of cost per ton”

“So, that's why the realization in CWIT is really becoming a new benchmark for us with the automated container terminal and it is going to sustain. It may increase because as we move to the 3.2 million, definitely there will be more economy of scale effect.”

“This happened mainly in July-August and we already started seeing from September a better margin because now, vessels time to time are getting the entry through the Strait of Hormuz”

“Yes, it's going on and one is already done.”

“We have deployed more than INR30,000 crores capex in past 2 years while maintaining net debt to EBITDA 1.8x”

“any acquisition we do should bring the contribution to the top line as well as the bottom line growth of the APSEZ and the growth should be at least at average or more than the APSEZ growth.”

“and that's why we opened that and it is just part of the feasibility study we are doing. Nothing has been decided.”

“But when we are talking about going abroad, especially in the developed markets, to answer to your question, yes, we are looking at the developed markets.”

“Then the B, we are also considering the liquid terminals because as I said before that ports today may be a gateway to the economy, but tomorrow ports will be gateway to the energy transition”

“and yes, we did evaluate AB Ports, but it did not fit in our playground of the return on the capital.”

“I mean, there has been some disruptions. I would say these are all one-time. The fundamentals are in place.”

“And as you rightly pointed out, it was just a spot and it was a short-term correction which was due, A, because of Middle East crisis, B, because of some of the decisions which were taken on ban on the iron ore”

“Of course, we are waiting for the whole port ecosystem, you know, the highway, the railway and so on to come into the place, but the traction is really good.”

“Iron ore, because of the structural decline, because export was banned because of one sad incident of the vessel, so they stopped the export of iron ore. So that's why the iron ore export in Dhamra was impacted.”

“So, if the power plants are not in the catchment area, then we will get the market share at the loading port, but we will not get the market share at the discharge port, which is definitely a structural issue which may happen.”

“So we had roughly 7 or 8 vessels which were standby, where we had the business, we had the contracts, but they could not sail.”

“So, I'm not sure whether we should count those STS, in the all-India market share because those were very temporary and one-stop. We know exactly how much it was at all-India level. If I exclude it, we are very good on the market share, but at the end data is data.”

“Consolidated revenue grew 24% year-on-year to INR11,340 crores, while EBITDA increased 23% to INR6,807 crores.”

“CWIT Colombo achieved a remarkable milestone of handling 2 million TEUs within just 18 months of operations.”

“but we don't break the revenue into those individual components, but obviously it has had a positive impact on our overall revenue composition.”

“And then we see that even in August we do more than 800,000.”

“You already saw the comfort letter issued to Pipavav. I think it's in the process. You will hear very soon from us.”