Adani Ports Q2 Profit Up 17%, Raises FY27 Revenue and EBITDA Guidance
Adani Ports and SEZ reported a consolidated net profit of ₹3,622 crore for the July‑September quarter (Q2 FY27), up 17% from ₹3,109 crore in the same period last year. Revenue from operations rose 24% to ₹11,340 crore, compared with ₹9,167 crore in the year‑ago quarter. The company’s operating profit, or EBITDA, increased 23% to ₹6,806 crore from ₹5,550 crore in Q2 FY26. EBITDA margin slipped slightly to 60.02% from 60.54% in the previous year. These figures reflect robust performance across the firm’s domestic and international port operations.
Domestic ports revenue grew 13% in Q2, with an EBITDA margin of 72.5%. International ports revenue rose 71%, while EBITDA increased 3.4 times, reaching a record 47.7% margin. Logistics revenue jumped 21%, driven by the expansion of its integrated “shore‑to‑door” network. Marine revenue surged 57% YoY, propelled by global fleet expansion and the company’s entry into subsea services. These gains underscore the firm’s diversified revenue base and its ability to capture growth across multiple segments in the current market.
"Domestic ports continue to anchor our earnings, while international ports, logistics, and marine are emerging as powerful growth engines. Reflecting strong H1 performance, we are upgrading our FY27 guidance across revenue, EBITDA and capex," said Ashwani Gupta, Whole‑time Director & CEO, Adani Ports. The firm raised its FY27 revenue guidance by ₹1,000 crore to ₹44,000‑₹46,000 crore and its EBITDA guidance by ₹1,000 crore to ₹26,000‑₹27,000 crore. Capital expenditure guidance was increased by ₹3,000 crore to ₹15,000‑₹17,000 crore to advance towards Ambition 2031 goals.
Adani Ports reported an operating cash flow of ₹13,327 crore in H1 FY27, which funded investments of ₹10,521 crore. Its net debt‑to‑EBITDA ratio stood at 1.8 times, despite capex of ₹30,346 crore over the past two years. The company’s cash balance was ₹12,502 crore. The firm highlighted that Q2 FY27 performance demonstrated the impact of APSEZ’s transformation into a diversified transport and logistics platform, with multiple growth engines across ports, logistics, marine and international markets scaling simultaneously today.
Following the earnings announcement, Adani Ports shares traded at ₹1,775.50 apiece on the National Stock Exchange, up 1.2%. The company’s strong first‑half results and upgraded guidance are noted in the market. The firm’s balance sheet remains robust, with a net debt‑to‑EBITDA of 1.8x and a cash reserve of ₹12,502 crore, supporting continued capital investment and operational expansion.