Adani Ports Reports Q2 FY26 Revenue of ₹9,167 Cr, Up 30% YoY
Filing Summary
Adani Ports and Special Economic Zone Ltd (APSEZ) released its unaudited financial results for Q2 FY26, reporting a revenue of ₹9,167 crore, marking a 30% increase year-on-year. The company’s EBITDA reached ₹5,550 crore, up 27% from the previous year. The logistics segment saw a 92% revenue increase in H1 FY26, driven by trucking and international freight services. The marine segment’s revenue grew by 213% due to vessel acquisitions. APSEZ’s net profit for the quarter was ₹3,120 crore, a 29% rise. The company also completed a bond buyback program worth US$386.03 million.
Adani Ports and Special Economic Zone Ltd (APSEZ) has announced its unaudited financial results for the quarter and half-year ending September 30, 2025. The company reported a consolidated revenue of ₹9,167 crore for Q2 FY26, reflecting a 30% increase compared to the same period last year. The net profit for the quarter stood at ₹3,120 crore, a 29% increase year-on-year. The company’s EBITDA for the quarter was ₹5,550 crore, up 27% from the previous year.
In terms of financial performance, APSEZ’s logistics segment reported a significant revenue increase of 92% in H1 FY26, reaching ₹2,224 crore. This growth was primarily driven by the expansion of trucking and international freight network services. The marine segment also saw substantial growth, with revenue increasing by 213% to ₹1,182 crore, attributed to recent vessel acquisitions. The company completed a bond buyback program in August 2025, repurchasing a total of US$386.03 million, and increased its average debt maturity to 5.2 years.
Operationally, APSEZ’s domestic ports delivered their highest-ever H1 EBITDA margin of 74.2%. The international ports segment achieved lifetime high revenue and EBITDA figures of ₹2,050 crore and ₹466 crore, respectively. The logistics segment’s growth was supported by a 16% increase in rail volume, handling 178,927 TEUs in Q2 FY26. The marine segment expanded its fleet to 127 vessels with the acquisition of nine new marine vessels during the quarter.
The timeline for APSEZ’s strategic initiatives includes the groundbreaking of a 70-acre logistics park in Kochi, with an investment of ₹600 crore. The company also received approval for EXIM operations at various Inland Container Depots (ICDs) in Gujarat, Rajasthan, and Karnataka. The Dhamra port commenced construction of two new berths to increase its capacity to 92 MMT.
APSEZ’s key stakeholders include Fitch Ratings, which revised the company’s outlook to “Stable” from “Negative” and reaffirmed its rating at “BBB-“. S&P Global also revised its ratings outlook to “Positive” while reaffirming the “BBB-” rating. The company’s logistics and marine operations are integral to its strategy of becoming an Integrated Transport Utility, with a focus on enhancing its multi-modal capabilities.
In the context of market relevance, APSEZ commands approximately 28% of India’s total port volumes and aims to achieve a throughput of 1 billion tonnes by 2030. The company’s strategic expansion into international markets, including the acquisition of the NQXT Port in Australia, underscores its commitment to strengthening its global supply chain capabilities.
About Adani Ports and Special Economic Zone Ltd: APSEZ is part of the Adani Group and operates as an Integrated Transport Utility, providing comprehensive logistics solutions from port handling to final delivery. The company manages a network of 15 ports and terminals across India, with a diversified marine fleet and extensive logistics capabilities. APSEZ is focused on expanding its global footprint and enhancing its operational efficiency through strategic investments and technological advancements.
