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NewsTranscript
00:00APS-EZ has kicked off FY25 with very strong financial and operating performance.
00:15While on the financial front, we have delivered all-time high earnings operationally, we continue
00:21to add strategic ports and logistics assets to our portfolio.
00:27I thank all customers, team members, and other stakeholders for their unwavering support
00:33during our growth journey.
00:35Some highlights from the past quarter.
00:38Firstly, on the financial front, during the quarter, revenue was up by 21%, driven by
00:46strong demand across our ports and logistics assets.
00:52Our focus on efficient operations and financial discipline led to a 29% increase in EBITDA
00:59and a 47% increase in BAT.
01:03Our net debt to EBITDA stood at 2.1x.
01:08Next, on the operating front.
01:11On ports, our cargo volumes continue to be ahead of the growth in all India cargo volumes.
01:19During the quarter, we handled 109 million metric tons of cargo, which is an increase
01:25of 8% year-on-year and is double the growth of all India cargo volumes.
01:32We remain focused on adding strategic port assets to our portfolio.
01:38We have signed two new port concessions in Tanzania and Kandla and won an O&M contract
01:45in Kolkata.
01:47Our Vijinjam port, which is India's first transshipment port and is equipped with South
01:53Asia's most advanced container handling technology, received its first vessel recently.
02:01On logistics, we continue to execute on our strategy to offer end-to-end transport solutions
02:07for customers.
02:09Our rail assets demonstrated strong growth during the quarter.
02:13Rail volume went up by 19% and general-purpose wagon volume was up by 28%.
02:22Our trucking business, which was launched recently, added three new customer segments
02:27to the portfolio.
02:29Also, our agri-silo capacity, which currently stands at 1.2 million metric tons, will grow
02:37to 4 million metric tons as we complete our current expansion projects.
02:43Recognition by rating agencies.
02:47Our debt ratings continue to see significant improvement.
02:52We are the first Indian private corporate infrastructure developer to receive the Convite
02:58AAA rating.
03:00CARE and ICRA have rated us AAA.
03:05Additionally, S&P upgraded its outlook on APS-EZ to Positive from Stable during the
03:14quarter, which demonstrates our commitment to financial discipline.
03:20Our efforts continue to be recognized across global forums.
03:25I'm very proud to share that four of APS-EZ's ports were recognized in the World Bank's
03:31Container Port Performance Index 2023.
03:35These rankings consider multiple parameters, including productivity, efficiency, and reliability.
03:44Overall, our all-round performance in the first quarter positions us very well for a
03:50strong financial year, and we look forward to continuing the momentum in our business.
03:58We remain committed to building world-class sustainable transportation infrastructure
04:05that accelerates India's multi-decade growth journey and achieve our goal of 1 billion
04:12metric tons cargo volume by 2030.
04:17Thank you.