Adani Ports Q2 results: Net profit rises 18% YoY to Rs 3,682 crore; revenue jumps 24%, FY27 guidance raised

Adani Ports' earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 23 percent to Rs 6,807 crore from Rs 5,550 crore in the year-ago quarter. Following its strong first-half performance, APSEZ raised its FY27 revenue and EBITDA guidance by Rs 1,000 crore each. The company now expects FY27 revenue of Rs 44,000-46,000 crore and EBITDA of Rs 26,000-27,000 crore. APSEZ also increased its capital expenditure guidance by Rs 3,000 crore to Rs 15,000-17,000 crore as it advances towards its Ambition 2031 goals.

Domestic ports revenue grew 13 percent year-on-year, with an EBITDA margin of 72.5 percent. International ports revenue surged 71 percent, while EBITDA increased 3.4 times, with the margin reaching a record 47.7 percent. The logistics business recorded 21 percent revenue growth, supported by the expansion of its integrated shore-to-door network. Marine revenue jumped 57 percent, driven by global fleet expansion and the company's entry into subsea services.

APSEZ reported operating cash flow of Rs 13,327 crore in the first half of FY27, which funded investments of Rs 10,521 crore. Its net debt-to-EBITDA ratio stood at 1.8 times, while its cash balance was Rs 12,502 crore. Domestic ports remained APSEZ's largest earnings contributor, with revenue rising 13 percent year-on-year to Rs 7,177 crore and EBITDA increasing 11 percent to Rs 5,201 crore. Cargo volumes stood at 118 million metric tonnes (MMT), while the EBITDA margin was 72.5 percent.

During the quarter, APSEZ secured a 30-year concession for two dry bulk berths at Paradip Port, adding 18 MMT of mechanised capacity. It also commenced EXIM operations at Visakhapatnam port. International ports recorded stronger growth, with revenue surging 71 percent to Rs 1,839 crore and EBITDA jumping 236 percent to Rs 878 crore. Volumes increased to 24 MMT from 10 MMT a year earlier, supported by the ramp-up of Colombo West International Terminal and Tanzania operations, alongside contributions from NQXT Australia.

The company also inaugurated Phase II of its Colombo terminal, doubling capacity from 1.6 million to 3.2 million TEUs. Adani Ports shares were trading 1.33 percent higher at Rs 1,778 in afternoon trade on Wednesday, valuing the company at Rs 4.09 lakh crore. The stock has gained 20.1 percent so far in 2026, outperforming the Nifty 50, which has declined 12.9 percent during the same period.