Adani Ports Reports 10% Profit Growth as International Expansion Offsets Regional Turmoil

Financial Performance and Revenue Drivers

Adani Ports and Special Economic Zone (APSEZ) announced a 10.23% increase in consolidated net profit, reaching ₹3,649.50 crore for the quarter ending June 30. This compares to ₹3,310.60 crore recorded during the same timeframe in the prior fiscal year. The company reported a significant climb in total income to ₹11,673.71 crore, up from ₹9,422.18 crore a year earlier. Operating costs also climbed, totaling ₹7,078.64 crore against a previous ₹5,731.88 crore.

Global Port Operations Lead Growth

The firm's international portfolio emerged as a major growth engine, with revenues in this segment skyrocketing 80% to ₹1,747 crore. Key performance metrics reflect this expansion:

• International EBITDA surged by 256% to ₹730 crore.
• Overseas volumes jumped to 22.8 MMT, a sharp rise from 7.7 MMT in the year-ago period.
• Australia contributed 10 MMT, followed by Colombo at 6.9 MMT, Tanzania at 3.7 MMT, and Israel at 2.2 MMT.
• Marine revenue grew 67% to ₹901 crore, supported by offshore vessel acquisitions and European subsea operations.

Domestic Stability and Forward Guidance

Within India, the ports business delivered a 12% revenue increase, maintaining a strong EBITDA margin of 74%. Ashwani Gupta, Whole-time Director and CEO, noted that the domestic sector remains the company's financial foundation while logistics and international assets move from scaling up to delivering value. The company currently manages 15 ports and terminals across India, alongside a fleet of 136 vessels and 12 multi-modal logistics parks.

Despite these gains, the West Asia crisis hindered TEU rail volumes. However, asset-light trucking operations grew by 26%. APSEZ ended the first quarter with a gross debt of ₹56,776 crore and a cash reserve of ₹12,428 crore. Looking ahead, management projects full-year revenue for FY27 between ₹43,000 and ₹45,000 crore, with EBITDA expectations set at ₹25,000 to ₹26,000 crore as the firm targets a 1,000 MMT domestic capacity by 2030.

Source: The Hindu — Home