Adani Ports and Special Economic Zone Limited (APSEZ) announced robust financial results for the second quarter ended September 30, 2026. Consolidated revenue surged by 24% YoY to ₹11,340 crore, with EBITDA growing 23% YoY to ₹6,807 crore. Driven by strong H1 performance, APSEZ has upgraded its FY27 revenue and EBITDA guidance by ₹1,000 crore each.
Adani Ports Delivers Strong Q2 FY27 Performance, Upgrades FY27 Guidance
Ahmedabad, October 28, 2026 – Adani Ports and Special Economic Zone Limited (APSEZ) today announced its financial results for the second quarter and half year ended September 30, 2026, showcasing significant growth across its business segments. The company reported a consolidated revenue of ₹11,340 crore for Q2 FY27, a substantial increase of 24% compared to ₹9,167 crore in Q2 FY26. EBITDA for the quarter also saw a healthy rise of 23% YoY, reaching ₹6,807 crore, up from ₹5,550 crore in the corresponding period last year.
Key Financial Highlights (Consolidated)
| Particulars (₹ Cr) | Q2 FY27 | Q2 FY26 | YoY % | H1 FY27 | H1 FY26 | YoY % |
|---|---|---|---|---|---|---|
| Revenue | 11,340 | 9,167 | 24% | 22,161 | 18,294 | 21% |
| EBITDA | 6,807 | 5,550 | 23% | 13,347 | 11,046 | 21% |
| PAT | 3,682 | 3,120 | 18% | 7,332 | 6,431 | 14% |
Guidance Upgrade Reflects Strong Performance
Building on its strong performance in the first half of FY27, APSEZ has revised its full-year guidance upwards. The company has raised its FY27 revenue and EBITDA guidance by ₹1,000 crore each. The revised revenue guidance is now between ₹44,000–₹46,000 crore, and the EBITDA guidance is between ₹26,000–₹27,000 crore. Consequently, APSEZ has also increased its FY27 capex guidance by ₹3,000 crore to ₹15,000–₹17,000 crore, reflecting accelerated investments towards its ‘Ambition 2031’ objectives.
Segment-wise Growth Drivers
The company’s growth was broad-based, with all business segments contributing positively. Domestic ports revenue grew by 13% YoY, while international ports revenue saw a significant jump of 71% YoY, driven by strong volumes and contributions from new terminals. The logistics business reported a 21% YoY revenue increase, and the marine services segment grew by 57% YoY, supported by fleet expansion.
Strong Balance Sheet and Financial Discipline
APSEZ highlighted its strong balance sheet, maintaining a net debt-to-EBITDA ratio of 1.8x despite significant capex investments of ₹10,521 crore in H1 FY27. The company generated ₹2,806 crore in free cash flow during H1 FY27, demonstrating its financial prudence and ability to fund growth initiatives while managing leverage effectively.
Ashwani Gupta, Whole-time Director & CEO, commented, “APSEZ’s ability to execute at scale with financial prudence enables us to pursue ambitious growth while leveraging balance-sheet strength and compounding cash flows. Against this backdrop, Q2FY27 was another stellar quarter.”
Source: BSE
