Adani Ports Financial Earnings: Adani Ports and Special Economic Zone (APSEZ) has released the results for the second quarter (July-September) of the current financial year 2025-26. The company’s consolidated net profit increased by 29 percent to Rs 3,120 crore. Revenue during the same period increased by 30 percent to Rs 9,167 crore, while EBITDA increased by 27 percent year-on-year to Rs 5,550 crore.
In the first half of the financial year (H1 FY26), the company’s EBITDA increased by 20 percent to Rs 11,046 crore. Adani Ports’ domestic ports achieved the highest ever EBITDA margin of 74.2%, while international operations also achieved a record revenue of Rs 2,050 crore and EBITDA of Rs 466 crore.
Logistics and marine business become growth engines
The revenue of the company’s logistics unit increased by 92 percent to Rs 2,224 crore, which was possible due to the expansion of trucking and international freight network services. At the same time, the revenue of marine business increased three times to Rs 1,182 crore, which was possible due to the acquisition of new ships. Return on Capital Employed (RoCE) increased to 9%, which was 6% in FY25.
Ashwini Gupta, CEO and Whole-time Director of APSEZ, said that the consistently strong and profitable performance reflects the success of our ‘Integrated Transport Utility’ strategy. The rapid growth of logistics and marine business has further strengthened the ‘Port to Customer Gate’ model. The expansion of ports and marine fleet is establishing it as an integrated player in the global supply chain.
He further said that the company now has 12 logistics parks, 3.1 million square feet warehouse space, and a marine fleet of 127 vessels, spread across the MEASA region. S&P Global CSA has included APSEZ among the top 5 percent transportation infrastructure companies in the world.
New direction of expansion and investment
The company’s board approved the acquisition of NQXT Port (50 MTPA terminal) in Australia. Colombo West International Terminal (Sri Lanka) handled 3.5 lakh TEUs since April and crossed the 1 lakh TEUs monthly mark in August-September. Mundra Port handled record container and automobile volumes.
In India, the company laid the foundation stone of the Rs 600 crore Kochi Logistics Park, which will create over 1,500 jobs. New Inland Container Depots (ICD) in Gujarat, Rajasthan and Karnataka have received EXIM approval for operations. New berths at Dhamra Port and draft enhancement at Karaikal Port will increase the capacity. Additionally, the partnership with BPCL will make Vizhinjam India’s first LNG bunkering hub.
Strong financial position and improvement in ratings
The company recorded operating cash flow of Rs 9,503 crore, which is 86 percent of EBITDA. Net debt-to-EBITDA ratio stood at 1.8x, and the company has cash of Rs 13,063 crore. In August the company completed a $386 million bond buyback, increasing the average debt maturity to 5.2 years. Fitch Ratings rated APSEZ ‘BBB-‘ with ‘Stable’, while S&P Global gave ‘Positive’ outlook.
APSEZ scored 66/100 in the S&P Global Corporate Sustainability Assessment, placing it in the top 95th percentile globally. The company’s 12 ports are now ‘Zero Waste to Landfill’ certified and it aims to achieve net zero emissions by 2040. MSCI has also upgraded the company’s ESG rating to ‘B’.
Adani Ports and its subsidiaries won several awards, including “Best Private Sector Port” and “Best Container Terminal of the Year (Mundra Port)” – India Maritime Awards 2025, “Port Sustainability Pioneer Award” – India Maritime Week 2025. Overall, Adani Ports is rapidly expanding its infrastructure network in the country and abroad and is moving towards establishing India as a global logistics hub.
Also read: Adani Enterprises’ revenue of Rs 44,281 crore in the first half of FY26, airport-infrastructure business increased pace
