Shares of Adani Ports and Special Economic Zone Limited (APSEZ) surged by over 1% on Wednesday, April 2, 2025, following an announcement that the company had achieved its highest-ever cargo volume in March 2025.Â
With a remarkable 7% year-on-year (YoY) growth in cargo volume, this news has generated a lot of buzz among investors. Let’s take a closer look at why this stock is surging and whether it could be a good investment for you.
Adani Ports: A history of growth and resilience
Adani Ports and Special Economic Zone (APSEZ), a key part of the Adani Group, has long been an important player in the Indian logistics and port sector. The company operates multiple ports, including the Mundra and Vizhinjam ports, which are among the most prominent in India. Over the years, APSEZ has played a crucial role in facilitating trade and driving economic growth in the country, particularly through its ever-expanding cargo volumes and infrastructure investments.
The company has been successful in building a diverse portfolio of assets, with a focus on the development, operations, and maintenance of port infrastructure. Today, Adani Ports handles a significant share of the country’s container and cargo throughput, making it a critical player in India’s international trade.
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Adani Ports’ recent performance
The recent surge in the share price of Adani Ports was sparked by the announcement of record cargo volumes in March 2025. APSEZ handled 450.2 million metric tonnes (MMT) of cargo in FY25, which marks a 7% increase over the previous year. Notably, container volume surged by 20%, and liquids and gas shipments increased by 9% YoY.
In March 2025 alone, APSEZ handled 41.5 MMT of cargo, a 9% increase compared to the same period last year. This performance was largely driven by the remarkable growth of containers (up 19%) and the rise in liquid and gas volumes (up 5%).
Two key milestones were achieved during this period:
- Mundra Port became the first Indian port ever to cross the 200 MMT annual cargo milestone, reaching 200.7 MMT for FY25.
- Vizhinjam Port in Thiruvananthapuram crossed the 100,000 TEU (Twenty-foot Equivalent Unit) milestone in March 2025.
These milestones highlight not only the growth of the Adani Ports but also its critical role in India’s trade infrastructure.
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Stock performance and price trend
As of April 2, 2025, Adani Ports shares were trading at ₹1,186.75, reflecting a 1.09% increase for the day. Over the past month, the stock has gained nearly 11.25%, although it has seen a decline of about 2.3% year-to-date (YTD). In the past year, however, the stock has experienced a decline of approximately 15.19%.
Despite some volatility in the short term, the long-term performance outlook for Adani Ports is strong, thanks to its record cargo volumes and expanding infrastructure.
Analyst recommendations
According to a recent report by Kotak Institutional Equities, Adani Ports has received a ‘BUY’ rating with a target price of ₹1,570, suggesting a potential upside of 39%. The brokerage firm projects a revenue growth of 13.6% and a profit growth of 30.2% for the financial year FY24-25.
For investors looking for solid growth, Adani Ports presents a promising opportunity. Its recent surge in cargo volumes, expansion of infrastructure, and strong earnings growth make it a compelling choice for those interested in India’s logistics and port sectors.
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Adani Ports’ revenue and earnings growth:
Adani Ports has also demonstrated impressive revenue and earnings growth in recent quarters. In the third quarter of FY25 (Q3), the company reported a 14.12% increase in net profit, reaching ₹2,520.26 crore, compared to ₹2,208.41 crore in the same quarter of FY24.
This growth was supported by a 15% increase in revenue from operations, which reached ₹7,963.55 crore in Q3 FY25, up from ₹6,920.10 crore in the previous year.
Key quarterly figures:
| Metric | Q3 FY25 Value | YoY Change |
| Net profit | ₹2,520.26 crore | +14.12% |
| Revenue | ₹7,963.55 crore | +15% |
| EBITDA | ₹4,802 crore | +15% |
| Cargo volume (Q3 FY25) | 113 MMT | +4% YoY |
With robust growth in both revenue and profit, Adani Ports has shown it can navigate both global and domestic economic fluctuations while continuing to expand its footprint.
What’s next for Adani Ports?
The outlook for Adani Ports remains positive, especially given its record-breaking cargo volumes and continued expansion of its port infrastructure. The company is expected to continue benefiting from strong demand for container and liquid cargos, as well as increased trade activity at its ports.
Investors looking for exposure to the infrastructure and logistics sector in India may find Adani Ports to be a promising option, especially with its track record of growth and expanding market share.
