Adani Ports and Special Economic Zone Limited (APSEZ) delivered a strong performance in the September quarter of FY27, supported by growth across its port operations, logistics and marine businesses. The company reported an 18 per cent year-on-year (YoY) increase in consolidated profit after tax (PAT) to Rs 3,682 crore for the second quarter ended September 30, 2026.
Consolidated revenue climbed 24 per cent YoY to Rs 11,340 crore, while earnings before interest, taxes, depreciation and amortisation (EBITDA) advanced 23 per cent to Rs 6,807 crore, according to the company’s media release.
Buoyed by its performance during the first half of the financial year, has raised its FY27 revenue and EBITDA guidance by Rs 1,000 crore each. The company has also increased its capital expenditure outlook, reflecting its plans to expand capacity and strengthen its operations as part of its long-term growth strategy.
APSEZ now expects to generate revenue of Rs 44,000 crore to Rs 46,000 crore in FY27. Its revised EBITDA projection stands at Rs 26,000 crore to Rs 27,000 crore.
The company said its growth during the quarter was supported by contributions from its domestic and overseas ports, logistics network and marine services. While domestic ports continued to provide a strong earnings base, international operations and other business segments recorded substantial growth.
“APSEZ’s ability to execute at scale with financial prudence enables us to pursue ambitious growth while leveraging balance-sheet strength and compounding cash flows,” Ashwani Gupta, Whole-time Director and Chief Executive Officer of APSEZ, said in a statement.
“Against this backdrop, Q2FY27 was another stellar quarter,” Gupta added. “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.”
Domestic Ports Remain The Biggest Revenue Contributor
The domestic ports business generated revenue of Rs 7,177 crore, registering 13 per cent annual growth. The segment handled 118 million metric tonnes (MMT) of cargo and reported an EBITDA margin of 72.5 per cent.
International ports recorded a sharper increase, with revenue surging 71 per cent YoY to Rs 1,839 crore. EBITDA for the segment rose more than three-fold to Rs 878 crore, highlighting its growing contribution to the company’s overall performance.
APSEZ’s logistics business reported revenue of Rs 1,273 crore, up 21 per cent from the corresponding quarter last year. The marine segment also posted robust growth, with revenue increasing 57 per cent to Rs 1,007 crore.
Paradip, Vizhinjam And Colombo Drive Expansion Plans
During the September quarter, APSEZ secured a 30-year concession for the CQ-I and CQ-II dry bulk berths at Paradip Port. The agreement will add 18 MMT of mechanised cargo-handling capacity to its operations.
The company also commenced export-import (EXIM) operations at Vizhinjam port, marking another development in its port network expansion.
Outside India, APSEZ inaugurated Phase II of the Colombo West International Terminal. The expansion doubled the terminal’s capacity from 1.6 million twenty-foot equivalent units (TEUs) to 3.2 million TEUs.
Its port operations in Tanzania also achieved a quarterly record, handling 265,518 TEUs during the period.
Adani Ports Raises FY27 Capex Target By Rs 3,000 Crore
Alongside the improvement in its revenue and EBITDA outlook, APSEZ increased its FY27 capital expenditure guidance by Rs 3,000 crore. The revised range now stands at Rs 15,000 crore to Rs 17,000 crore.
The company said its investment programme would support its long-term expansion plans while maintaining a focus on financial discipline.
“As we accelerate investments toward our Ambition 2031 objectives, our balance sheet remains exceptionally strong,” Gupta said.
“We have deployed Rs 30,346 Cr of capex over the past two years, including higher-than-planned investments in H1, while maintaining net debt-to-EBITDA at just 1.8x, underscoring the strength of our business model and capital discipline,” he stated.