Adani Ports and SEZ Q2 net profit rises 29% YoY to Rs 3,120 crore; revenue up 30%

AHMEDABAD : Adani Ports and Special Economic Zone Ltd (APSEZ) posted a consolidated net profit of Rs 3,120 crore for the July-September quarter of FY26, up 29 percent year-on-year, driven by higher sales. Revenue from operations grew 30 percent to Rs 9,167 crore in Q2 FY26, according to a statement filed by the company.

The ports and infrastructure major’s consolidated EBITDA rose 27 percent to Rs 5,550 crore in the second quarter. Adani Ports and SEZ handled 124 million metric tonnes (MMT) of cargo during the period, up 12 percent YoY, with its all-India market share increasing to 28.1 percent from 27.4 percent a year ago. Container market share improved to 45.9 percent from 44.4 percent in Q2 FY25.

Adani Ports and SEZ shares rose following the Q2 results, and were trading at Rs 1,466.3 on NSE at 1:20 pm, up 1.5 percent from the previous close. The stock has returned over 8 percent over the past year, just slightly ahead of benchmark Nifty 50’s 7 percent gain.

Domestic ports continued to drive earnings, delivering an EBITDA margin of 72.9 percent in Q2, while international ports recorded strong growth as well, with revenue rising to Rs 1,077 crore from Rs 798 crore a year earlier. The logistics business reported revenue of Rs 1,055 crore, supported by trucking and international freight network services, while the marine segment delivered Rs 641 crore in revenue, driven by vessel additions.

In the first half of FY26, APSEZ reported a net profit of Rs 6,431 crore (up 17 percent YoY) and EBITDA of Rs 11,046 crore (up 20 percent YoY). Operating cash flow for H1 stood at Rs 9,503 crore, representing 86 percent of EBITDA. Net debt to EBITDA ratio was 1.8x at the end of September 2025.

APSEZ said Fitch Ratings upgraded its outlook to ‘Stable’ from ‘Negative’ during the quarter, reaffirming its ‘BBB-’ rating. The company also highlighted sustained growth across its logistics and marine segments, along with record cargo volumes at key ports including Mundra.

“Our strong, across-the-board profitable growth momentum truly underscores the success of our unmatched integrated transport utility value proposition,” said Ashwani Gupta, Whole-time Director & CEO.

Source : Moneycontrol