<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, &quot;Segoe UI&quot;, Roboto, Oxygen, Ubuntu, Cantarell, &quot;Open Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;"><span class="">Adani Ports and Special Economic Zone has reported a 27% year-on-year increase in port cargo volume for October 2026, handling 51 million metric tonnes during the month, according to the company's operational performance update filed with the BSE </span><span class="">. The result extends the strong momentum the company has maintained through the fiscal year and confirms its position as India's largest private port operator.</span><span class="_5f9bba8" data-citation-group="1" style="margin-left: 2px; margin-right: 2px;"><a href="https://www.bseindia.com/xml-data/corpfiling/AttachLive/97255639-3c85-4591-8959-e836c9609800.pdf#1" 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://hdfcsky.com/news/adani-ports-cargo-volume-rises-27-percent-in-october" 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></span></p><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, &quot;Segoe UI&quot;, Roboto, Oxygen, Ubuntu, Cantarell, &quot;Open Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;"><span class="">The growth was broad-based across cargo categories. Dry cargo recorded the strongest increase at 36% year-on-year, followed by containers and liquids, each growing 21% </span><span class="">. The dry cargo surge was supported by the consolidation of the North Queensland Export Terminal and higher coal offtake by end users, according to Nomura's assessment of the results </span><span class="">. Domestic port cargo volume also contributed, rising 18% compared with October 2025 </span><span class="">.</span><span class="_5f9bba8" data-citation-group="3" style="margin-left: 2px; margin-right: 2px;"><a href="https://www.bseindia.com/xml-data/corpfiling/AttachLive/97255639-3c85-4591-8959-e836c9609800.pdf#1" 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://hdfcsky.com/news/adani-ports-cargo-volume-rises-27-percent-in-october" 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></span></p><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, &quot;Segoe UI&quot;, Roboto, Oxygen, Ubuntu, Cantarell, &quot;Open Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;"><span class="">The cumulative picture reinforces the monthly performance. For the April–October period of FY 2026–27, APSEZ handled 331 MMT of cargo, a 16% increase year-on-year </span><span class="">. Dry cargo grew 18% and containers rose 16% during the seven-month period </span><span class="">. Nomura noted that the year-to-date volume remained on track to meet its full-year estimate of 578 MMT </span><span class="">.</span><span class="_5f9bba8" data-citation-group="7" style="margin-left: 2px; margin-right: 2px;"><a href="https://hdfcsky.com/news/adani-ports-cargo-volume-rises-27-percent-in-october" 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.moneycontrol.com/news/business/stocks/nomura-maintains-buy-on-adani-ports-target-price-at-rs-2-150-as-october-cargo-traffic-rises-27-14067560.html/amp" 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></span></p><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, &quot;Segoe UI&quot;, Roboto, Oxygen, Ubuntu, Cantarell, &quot;Open Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;"><span class="">The logistics rail segment showed a modest recovery. Rail volume stood at 62,653 TEUs in October, up from 62,302 TEUs in September and representing 4% year-on-year growth </span><span class="">. However, the cumulative picture for the year to October remained weak, with rail volumes at 375,416 TEUs, down 10% from the same period last year </span><span class="">. The divergence between port cargo growth and rail volume decline suggests that the company's port operations are outperforming its rail logistics business.</span><span class="_5f9bba8" data-citation-group="11" style="margin-left: 2px; margin-right: 2px;"><a href="https://hdfcsky.com/news/adani-ports-cargo-volume-rises-27-percent-in-october" 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.angelone.in/news/stocks/adani-ports-share-price-in-focus-after-october-2026-cargo-volume-rises-27-yoy" target="_blank" rel="noreferrer" aria-label="10" 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></span></p><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, &quot;Segoe UI&quot;, Roboto, Oxygen, Ubuntu, Cantarell, &quot;Open Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;"><span class="">For India's port sector, APSEZ's October results provide a counterpoint to the anxiety that has dominated 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 monthly volumes and double-digit growth across all cargo categories. The domestic port business, anchored by long-term concessions and captive hinterland cargo, continues to generate stable throughput, while the international portfolio contributes incremental growth.</span></p><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, &quot;Segoe UI&quot;, Roboto, Oxygen, Ubuntu, Cantarell, &quot;Open Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;"><span class="">The company's financial performance for the September quarter, reported earlier, provides context for the October volumes. APSEZ raised its FY27 revenue guidance to ₹44,000–46,000 crore and EBITDA guidance to ₹26,000–27,000 crore on the back of strong first-half results, with international ports revenue surging 71% </span><span class="">. The October volume data suggests that the fourth quarter is starting from a position of strength.</span><span class="_5f9bba8" data-citation-group="14" style="margin-left: 2px; margin-right: 2px;"><a href="https://www.bseindia.com/xml-data/corpfiling/AttachLive/97255639-3c85-4591-8959-e836c9609800.pdf#1" 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></span></p><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, &quot;Segoe UI&quot;, Roboto, Oxygen, Ubuntu, Cantarell, &quot;Open Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;"><span class="">Looking ahead, the sustainability of APSEZ's growth will depend on whether the cargo demand drivers that supported October persist through the winter months. Coal offtake by end users, container volumes linked to India's trade performance, and the ramp-up of international assets such as Colombo and Tanzania will all shape the trajectory. For now, the October figures provide a concrete data point: 51 MMT in a single month, 331 MMT for the fiscal year to date, and growth across every major cargo category.</span></p>