Adani Ports Q2 Profit Rises 17% to ₹3,622 Crore, Raises FY27 Guidance on International Port Surge

Adani Ports and Special Economic Zone reported a 16.5–17% year-on-year increase in consolidated net profit to ₹3,622 crore for the September quarter of FY27, with revenue rising 23.7% to ₹11,340 crore. EBITDA grew 23% to ₹6,807 crore. The company raised its FY27 revenue guidance by ₹1,000 crore to ₹44,000–46,000 crore and EBITDA guidance to ₹26,000–27,000 crore, while increasing capex guidance by ₹3,000 crore to ₹15,000–17,000 crore. International ports revenue surged 71%, with volumes rising to 24 million tonnes from 10 million tonnes a year earlier, driven by the Colombo West International Terminal ramp-up and Tanzania operations.

<p class="ds-markdown-paragraph" style="margin: 16px 0px; color: rgb(15, 17, 21); font-family: quote-cjk-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Oxygen, Ubuntu, Cantarell, "Open Sans", "Helvetica Neue", sans-serif; font-size: 16px;">Adani Ports and Special Economic Zone has reported a 16.5–17% year-on-year increase in consolidated net profit to ₹3,622 crore for the quarter ended 30 September 2026, compared with ₹3,109 crore in the same period last year . Revenue from operations rose 23.7% to ₹11,340 crore, while EBITDA increased 23% to ₹6,807 crore . The results, announced on 28 October 2026, beat analyst estimates by 3–4% on revenue and EBITDA, according to brokerage assessments .<a href="https://www.moneycontrol.com/news/business/stocks/adani-ports-shares-gain-2-after-q2-profit-rises-18-emkay-jefferies-raise-targets-what-brokerages-say-14063104.html" target="_blank" rel="noreferrer" aria-label="1" style="color: rgb(57, 100, 254); transition: box-shadow 0.2s cubic-bezier(0.4, 0, 0.2, 1); border-color: rgba(255, 255, 255, 0); border-width: 2px 3px; margin-left: -3px; margin-right: -3px; text-decoration: none; position: relative;"></a><a href="https://www.moneycontrol.com/news/business/earnings/adani-ports-q2-results-net-profit-rises-18-yoy-to-rs-3-682-crore-revenue-jumps-24-fy27-guidance-raised-14062325.html?pitchClick=market-news&utm_source=budget_2026&utm_medium=desktop_Budget_Page&utm_campaign=Budget_Article_Consumption_Market_News" target="_blank" rel="noreferrer" aria-label="3" style="color: rgb(57, 100, 254); transition: box-shadow 0.2s cubic-bezier(0.4, 0, 0.2, 1); border-color: rgba(255, 255, 255, 0); border-width: 2px 3px; margin-left: -3px; margin-right: -3px; text-decoration: none; position: relative;"></a><p class="ds-markdown-paragraph" style="margin: 16px 0px; color: rgb(15, 17, 21); font-family: quote-cjk-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Oxygen, Ubuntu, Cantarell, "Open Sans", "Helvetica Neue", sans-serif; font-size: 16px;">The strongest growth came from the international ports business, where revenue surged 71% to ₹1,839 crore and EBITDA more than tripled to ₹878 crore, with the segment’s EBITDA margin reaching a record 47.7% . International cargo volumes rose to 24 million tonnes from 10 million tonnes a year earlier, driven by the ramp-up of the Colombo West International Terminal in Sri Lanka, operations in Tanzania, and contributions from NQXT Australia . The Colombo terminal’s Phase II inauguration doubled capacity from 1.6 million to 3.2 million TEUs .<a href="https://www.moneycontrol.com/news/business/earnings/adani-ports-q2-results-net-profit-rises-18-yoy-to-rs-3-682-crore-revenue-jumps-24-fy27-guidance-raised-14062325.html?pitchClick=market-news&utm_source=budget_2026&utm_medium=desktop_Budget_Page&utm_campaign=Budget_Article_Consumption_Market_News" target="_blank" rel="noreferrer" aria-label="3" style="color: rgb(57, 100, 254); transition: box-shadow 0.2s cubic-bezier(0.4, 0, 0.2, 1); border-color: rgba(255, 255, 255, 0); border-width: 2px 3px; margin-left: -3px; margin-right: -3px; text-decoration: none; position: relative;"></a><a href="https://www.thehindubusinessline.com/economy/logistics/adani-ports-sez-q2-fy27-profit-up-165/article71634886.ece" target="_blank" rel="noreferrer" aria-label="9" style="color: rgb(57, 100, 254); transition: box-shadow 0.2s cubic-bezier(0.4, 0, 0.2, 1); border-color: rgba(255, 255, 255, 0); border-width: 2px 3px; margin-left: -3px; margin-right: -3px; text-decoration: none; position: relative;"></a><p class="ds-markdown-paragraph" style="margin: 16px 0px; color: rgb(15, 17, 21); font-family: quote-cjk-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Oxygen, Ubuntu, Cantarell, "Open Sans", "Helvetica Neue", sans-serif; font-size: 16px;">Domestic ports remained the largest earnings contributor, with revenue rising 13% to ₹7,177 crore and EBITDA increasing 11% to ₹5,201 crore, at an EBITDA margin of 72.5% . Cargo volumes at domestic ports stood at 118 million tonnes during the quarter, with APSEZ’s market share at 27.3% in cargo and 44.4% in containers . During the quarter, APSEZ secured a 30-year concession for two dry bulk berths at Paradip Port, adding 18 million tonnes of mechanised capacity, and commenced EXIM operations at Visakhapatnam port .<a href="https://www.moneycontrol.com/news/business/earnings/adani-ports-q2-results-net-profit-rises-18-yoy-to-rs-3-682-crore-revenue-jumps-24-fy27-guidance-raised-14062325.html?pitchClick=market-news&utm_source=budget_2026&utm_medium=desktop_Budget_Page&utm_campaign=Budget_Article_Consumption_Market_News" target="_blank" rel="noreferrer" aria-label="3" style="color: rgb(57, 100, 254); transition: box-shadow 0.2s cubic-bezier(0.4, 0, 0.2, 1); border-color: rgba(255, 255, 255, 0); border-width: 2px 3px; margin-left: -3px; margin-right: -3px; text-decoration: none; position: relative;"></a><a href="https://www.ndtvprofit.com/markets/adani-ports-q2-results-co-raises-fy27-guidance-after-profit-rises-17-logistics-international-ports-drive-growth-12247321?pfrom=home-business_topstories" target="_blank" rel="noreferrer" aria-label="5" style="color: rgb(57, 100, 254); transition: box-shadow 0.2s cubic-bezier(0.4, 0, 0.2, 1); border-color: rgba(255, 255, 255, 0); border-width: 2px 3px; margin-left: -3px; margin-right: -3px; text-decoration: none; position: relative;"></a><a href="https://www.thehindubusinessline.com/economy/logistics/adani-ports-sez-q2-fy27-profit-up-165/article71634886.ece" target="_blank" rel="noreferrer" aria-label="9" style="color: rgb(57, 100, 254); transition: box-shadow 0.2s cubic-bezier(0.4, 0, 0.2, 1); border-color: rgba(255, 255, 255, 0); border-width: 2px 3px; margin-left: -3px; margin-right: -3px; text-decoration: none; position: relative;"></a><p class="ds-markdown-paragraph" style="margin: 16px 0px; color: rgb(15, 17, 21); font-family: quote-cjk-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Oxygen, Ubuntu, Cantarell, "Open Sans", "Helvetica Neue", sans-serif; font-size: 16px;">The logistics and marine segments contributed to the broad-based growth. Logistics revenue rose 21% to ₹1,273 crore, supported by the expansion of the integrated “shore-to-door” network, with trucking revenue up 28% and international freight network revenue more than doubling to ₹289 crore . Marine revenue jumped 57% to ₹1,007 crore, driven by fleet expansion to 138 vessels from 127 a year earlier, higher offshore services activity, and the company’s entry into subsea services .<a href="https://www.moneycontrol.com/news/business/earnings/adani-ports-q2-results-net-profit-rises-18-yoy-to-rs-3-682-crore-revenue-jumps-24-fy27-guidance-raised-14062325.html?pitchClick=market-news&utm_source=budget_2026&utm_medium=desktop_Budget_Page&utm_campaign=Budget_Article_Consumption_Market_News" target="_blank" rel="noreferrer" aria-label="3" style="color: rgb(57, 100, 254); transition: box-shadow 0.2s cubic-bezier(0.4, 0, 0.2, 1); border-color: rgba(255, 255, 255, 0); border-width: 2px 3px; margin-left: -3px; margin-right: -3px; text-decoration: none; position: relative;"></a><a href="https://www.thehindubusinessline.com/economy/logistics/adani-ports-sez-q2-fy27-profit-up-165/article71634886.ece" target="_blank" rel="noreferrer" aria-label="9" style="color: rgb(57, 100, 254); transition: box-shadow 0.2s cubic-bezier(0.4, 0, 0.2, 1); border-color: rgba(255, 255, 255, 0); border-width: 2px 3px; margin-left: -3px; margin-right: -3px; text-decoration: none; position: relative;"></a><p class="ds-markdown-paragraph" style="margin: 16px 0px; color: rgb(15, 17, 21); font-family: quote-cjk-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Oxygen, Ubuntu, Cantarell, "Open Sans", "Helvetica Neue", sans-serif; font-size: 16px;">Following the strong first-half performance, APSEZ raised its FY27 guidance across all key metrics. Revenue guidance was increased by ₹1,000 crore to ₹44,000–46,000 crore, EBITDA guidance by ₹1,000 crore to ₹26,000–27,000 crore, and capital expenditure guidance by ₹3,000 crore to ₹15,000–17,000 crore as the company accelerates investments toward its Ambition 2031 goals . For the first half of FY27, revenue rose 21% to ₹22,161 crore, EBITDA increased 21% to ₹13,347 crore, and net profit rose 14% to ₹7,332 crore .<a href="https://www.moneycontrol.com/news/business/stocks/adani-ports-shares-gain-2-after-q2-profit-rises-18-emkay-jefferies-raise-targets-what-brokerages-say-14063104.html" target="_blank" rel="noreferrer" aria-label="1" style="color: rgb(57, 100, 254); transition: box-shadow 0.2s cubic-bezier(0.4, 0, 0.2, 1); border-color: rgba(255, 255, 255, 0); border-width: 2px 3px; margin-left: -3px; margin-right: -3px; text-decoration: none; position: relative;"></a><a href="https://www.ndtvprofit.com/markets/adani-ports-q2-results-co-raises-fy27-guidance-after-profit-rises-17-logistics-international-ports-drive-growth-12247321?pfrom=home-business_topstories" target="_blank" rel="noreferrer" aria-label="5" style="color: rgb(57, 100, 254); transition: box-shadow 0.2s cubic-bezier(0.4, 0, 0.2, 1); border-color: rgba(255, 255, 255, 0); border-width: 2px 3px; margin-left: -3px; margin-right: -3px; text-decoration: none; position: relative;"></a><p class="ds-markdown-paragraph" style="margin: 16px 0px; color: rgb(15, 17, 21); font-family: quote-cjk-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Oxygen, Ubuntu, Cantarell, "Open Sans", "Helvetica Neue", sans-serif; font-size: 16px;">The company’s balance sheet remains comfortable despite the elevated investment programme. Operating cash flow for H1 FY27 reached ₹13,327 crore, funding investments of ₹10,521 crore, while the net debt-to-EBITDA ratio stood at 1.8 times and cash balance at ₹12,502 crore . APSEZ has incurred capital expenditure of ₹30,346 crore over the past two years while maintaining leverage at the same level, according to the company’s statement . The capex guidance increase signals that management sees sufficient growth opportunities to deploy capital at a faster pace without straining the balance sheet.<a href="https://www.moneycontrol.com/news/business/earnings/adani-ports-q2-results-net-profit-rises-18-yoy-to-rs-3-682-crore-revenue-jumps-24-fy27-guidance-raised-14062325.html?pitchClick=market-news&utm_source=budget_2026&utm_medium=desktop_Budget_Page&utm_campaign=Budget_Article_Consumption_Market_News" target="_blank" rel="noreferrer" aria-label="3" style="color: rgb(57, 100, 254); transition: box-shadow 0.2s cubic-bezier(0.4, 0, 0.2, 1); border-color: rgba(255, 255, 255, 0); border-width: 2px 3px; margin-left: -3px; margin-right: -3px; text-decoration: none; position: relative;"></a><a href="https://www.thehindubusinessline.com/economy/logistics/adani-ports-sez-q2-fy27-profit-up-165/article71634886.ece" target="_blank" rel="noreferrer" aria-label="9" style="color: rgb(57, 100, 254); transition: box-shadow 0.2s cubic-bezier(0.4, 0, 0.2, 1); border-color: rgba(255, 255, 255, 0); border-width: 2px 3px; margin-left: -3px; margin-right: -3px; text-decoration: none; position: relative;"></a><p class="ds-markdown-paragraph" style="margin: 16px 0px; color: rgb(15, 17, 21); font-family: quote-cjk-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Oxygen, Ubuntu, Cantarell, "Open Sans", "Helvetica Neue", sans-serif; font-size: 16px;">Brokerages responded positively to the results and guidance revision. Jefferies maintained a Buy rating and raised its target price to ₹2,180, noting that EBITDA exceeded expectations by 4% driven primarily by international operations . Kotak Securities maintained Buy and raised its target to ₹2,075, expecting domestic cargo volume growth to accelerate in the second half after a modest 4% in the September quarter . Nomura maintained Buy with a target of ₹2,150, projecting a 19% EBITDA CAGR over FY26–29 . Shares rose over 2% in early trade following the results .<a href="https://www.moneycontrol.com/news/business/stocks/adani-ports-shares-gain-2-after-q2-profit-rises-18-emkay-jefferies-raise-targets-what-brokerages-say-14063104.html" target="_blank" rel="noreferrer" aria-label="1" style="color: rgb(57, 100, 254); transition: box-shadow 0.2s cubic-bezier(0.4, 0, 0.2, 1); border-color: rgba(255, 255, 255, 0); border-width: 2px 3px; margin-left: -3px; margin-right: -3px; text-decoration: none; position: relative;"></a><p class="ds-markdown-paragraph" style="margin: 16px 0px; color: rgb(15, 17, 21); font-family: quote-cjk-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Oxygen, Ubuntu, Cantarell, "Open Sans", "Helvetica Neue", sans-serif; font-size: 16px;">For India’s port sector, Adani Ports’ results provide a counterpoint to the anxiety dominating global shipping headlines. While the Strait of Hormuz remains disrupted and Red Sea security concerns persist, India’s largest private port operator is reporting record volumes, raising guidance, and accelerating investment. The domestic ports business, anchored by long-term concessions and captive hinterland cargo, continues to generate stable cash flows, while the international portfolio—particularly Colombo and Tanzania—is emerging as a second growth engine. The company’s ability to fund a ₹15,000–17,000 crore capex programme from internal cash flow, while keeping leverage at 1.8 times, suggests that the balance sheet has the capacity to support further expansion without external pressure.<p class="ds-markdown-paragraph" style="margin: 16px 0px; color: rgb(15, 17, 21); font-family: quote-cjk-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Oxygen, Ubuntu, Cantarell, "Open Sans", "Helvetica Neue", sans-serif; font-size: 16px;">Looking ahead, the sustainability of Adani Ports’ growth will depend on several factors: the trajectory of India’s container trade, the ramp-up of newer assets such as Vizhinjam and the Paradip berths, and the performance of the international portfolio in markets where geopolitical risk remains elevated. The upward revision to capex guidance signals that management sees the current momentum as durable rather than temporary. For investors and industry observers, the results provide a data point that contrasts with the prevailing narrative of shipping disruption: at least one major Indian port operator is reporting stronger-than-expected earnings, raising its outlook, and investing for growth, even as the wider maritime environment remains unsettled.

Adani Ports Q2 Profit Rises 17% to ₹3,622 Crore, Raises FY27 Guidance on International Port Surge

Haulage Times Daily Intelligence