Adani Ports Q2 Results: Revenue Hits ₹11,340 Crore as Global Hubs and Logistics Drive Growth

29 Oct 2026, 10:52 by Vinay Kakkad · KalingaTV

India’s primary commercial port infrastructure operator has revised its annual financial targets upward, backed by double-digit profit growth, a sharp ramp-up in overseas operations, and newly added maritime assets across domestic and international trade lanes.

Following an energetic first half, Adani Ports and Special Economic Zone Limited (APSEZ) lifted its FY27 revenue projection to a band between Rs 44,000 crore and Rs 46,000 crore. The group simultaneously marked up its annual EBITDA target to Rs 26,000 crore to Rs 27,000 crore—an increase of Rs 1,000 crore on each metric. To feed its long-range Ambition 2031 strategy, the board also augmented its planned capital expenditure for the fiscal year by Rs 3,000 crore, establishing a revised investment corridor of Rs 15,000 crore to Rs 17,000 crore.

The upgraded guidance follows financial results for the second quarter ended September 30, 2026. Consolidated profit after tax advanced 18 per cent year-on-year to Rs 3,682 crore, underpinned by a 24 per cent climb in consolidated revenue to Rs 11,340 crore and a 23 per cent improvement in EBITDA to Rs 6,807 crore.

Operational momentum gathered pace across several high-profile cargo hubs during the three-month period. Along the eastern seaboard, APSEZ secured a 30-year concession to operate the CQ-I and CQ-II dry bulk berths at Paradip Port, injecting 18 million metric tonnes (MMT) of mechanized cargo capacity into its network. In southern India, export-import (EXIM) cargo handling officially got underway at Vizhinjam port. Abroad, the operator commissioned Phase II of Sri Lanka’s Colombo West International Terminal, effectively doubling its terminal threshold from 1.6 million TEUs to 3.2 million TEUs. In East Africa, container terminals managed by the company in Tanzania recorded an all-time quarterly high of 265,518 TEUs.

While domestic cargo centers continued to deliver the bulk of earnings, non-domestic hubs recorded the fastest growth rates. International port operations saw revenue jump 71 per cent to Rs 1,839 crore, while their EBITDA expanded by more than threefold to Rs 878 crore. Domestic terminals handled 118 MMT of freight during the quarter, generating Rs 7,177 crore in revenue—up 13 per cent year-on-year—while retaining an operating EBITDA margin of 72.5 per cent. Specialized ancillary arms also advanced: logistics earnings rose 21 per cent to Rs 1,273 crore, and marine services revenue climbed 57 per cent to touch Rs 1,007 crore.

Ashwani Gupta, Whole-time Director and Chief Executive Officer of APSEZ, observed that the company’s discipline in balancing large-scale execution with conservative balance sheet management allows it to fund aggressive expansion directly through compound cash generation. Addressing the quarterly performance, Gupta noted that while Indian port locations provide an enduring bedrock for corporate income, international terminals, logistics hubs, and marine units are actively turning into key operational drivers, warranting upward revisions across top-line income, operational earnings, and capital allocation for the balance of FY27.

On liquidity metrics, the port major concluded the first half of FY27 having delivered an operating cash flow of Rs 13,327 crore and free cash flow of Rs 2,806 crore, counterbalanced against capital outlays totaling Rs 10,521 crore. Total investments across the preceding two-year cycle reached Rs 30,346 crore, accounting for an accelerated capex pace during the first half.

Gupta indicated that despite accelerated allocations toward the Ambition 2031 roadmap, fundamental fiscal health remains secure, with net leverage kept steady at 1.8x net debt-to-EBITDA. The port operator finished the half-year window carrying gross debt obligations of Rs 57,717 crore against total cash and equivalent reserves of Rs 12,502 crore.

(Source: ANI)