Adani Ports and Special Economic Zone (APSEZ) reported a 29% YoY increase in net profit, reaching ₹3,120 Cr for Q2 FY26. Revenue also surged by 30% YoY to ₹9,167 Cr. The company’s Q2 FY26 EBITDA stood at ₹5,550 Cr, a 27% YoY increase. APSEZ’s domestic ports achieved their highest ever H1 EBITDA margin at 74.2%, while international ports saw record H1 revenue and EBITDA.
Financial Highlights
Adani Ports and Special Economic Zone (APSEZ) announced strong financial results for Q2 FY26:
- Net Profit: ₹3,120 Cr, up 29% YoY
- Revenue: ₹9,167 Cr, up 30% YoY
- EBITDA: ₹5,550 Cr, up 27% YoY
- H1 EBITDA: ₹11,046 Cr, up 20% YoY
The company’s performance was bolstered by record H1 EBITDA margins in domestic ports and strong results from international ports.
Segment Performance
Domestic Ports: Achieved their highest-ever H1 EBITDA margin at 74.2%.
International Ports: Recorded lifetime high H1 revenue of ₹2,050 Cr and EBITDA of ₹466 Cr.
Logistics: H1 revenue reached ₹2,224 Cr, a 92% YoY increase, driven by growth in Trucking and International Freight Network services.
Marine: H1 revenue was ₹1,182 Cr, up 213% YoY, supported by vessel acquisitions.
Operational Highlights
- Cargo Volume: Handled 124 MMT in Q2 FY26, up 12% YoY.
- Market Share: All-India market share reached 28.1%.
- Rail Volume: Handled 178,927 TEUs of rail volume.
Strategic Developments
- NQXT Acquisition: Board approved acquisition of NQXT Port in Australia, a multi-user export terminal with 50 MTPA capacity.
- Marine Fleet Expansion: Added 9 new marine vessels, bringing the total fleet to 127.
- Sustainability: Recognized in the Top 5% of global transportation companies by S&P Global CSA.
Revised Outlook
- Fitch Ratings: Revised outlook to “Stable” from “Negative”, reaffirming the rating at “BBB-”.
- S&P Global: Revised ratings outlook to “Positive” from “Negative”, reaffirming the rating at “BBB-”.
Capital Optimization
- Completed bond buyback program in August 2025, repurchasing US$386.03m.
Source: BSE