AHMEDABAD : Adani Ports is expected to see a strong first quarter, driven by healthy port cargo volume growth and a sharp ramp-up in the logistics business.

During the June quarter, Adani Ports clocked 101.4 MMT of total cargo volumes, which is 11.5% year-on-year (YoY) growth.

The growth was observed across most ports and all three broad cargo segments. While the container segment rose 19%, liquids and gas was up 8% and dry bulk increased by 7%.

In June alone, Adani Ports handled 32.8 MMT of cargo including 1 MMT at its Haifa port.

Logistics volume also continues to record a significant jump with YTD rail volumes of 131,420 TEUs, which is up 18% YoY, and GPWIS volumes of 4.35 MMT, higher by 40% YoY.

Adani Ports is the largest commercial ports operator in India accounting for nearly one-fourth of the cargo movement in the country.

It is present across 13 domestic ports in seven maritime states of Gujarat, Maharashtra, Goa, Kerala, Andhra Pradesh, Tamil Nadu, and Odisha.

In the preceding March quarter, the company had posted a 5% growth in its consolidated net profit at Rs 1,159 crore. Meanwhile, consolidated revenue grew 40% to Rs 5,797 crore.