Adani Ports and Special Economic Zones (APSEZ), an Adani Group company, released its first quarter results for fiscal year 2027 on Wednesday. The company made a consolidated net profit of Rs 3,620 crore in the first quarter. This is 9 percent more than the profit of Rs 3,315 crore made in the same quarter last year.
After the earnings announcement, the company’s shares fell 3 per cent to Rs 1,720 on BSE. Adani Ports said in its regulatory filing that the company’s revenue from operations stood at Rs 10,821 crore, which is 18.5 percent more than the revenue of Rs 9,126 crore in the same quarter of the last financial year.
For the quarter, Adani Ports reported EBITDA (earnings before interest, taxes, depreciation and amortization) of Rs 6,540 crore, up 19 per cent from Rs 5,495 crore in the same period last year. EBITDA margin stood at 60.4 percent, which is slightly higher than 60.2 percent in the same quarter last year.
Boom in international ports business
Adani Ports’ International Ports business showed tremendous growth. Revenue increased by 80 percent to Rs 1,747 crore and EBITDA jumped 256 percent to Rs 730 crore. This growth was driven by strong performance in Australia and Colombo, reflecting the increasing maturity level of APSEZ’s overseas portfolio.
According to Adani Ports’ investor presentation, marine revenue increased by 67 percent to Rs 901 crore. This was due to the continuous increase in offshore vessel fleet and expansion of subsea operations in Europe.
Revenue from domestic ports grew by 12 per cent year-on-year due to higher cargo volumes, better product mix and better realisations. EBITDA margin for the domestic ports business was 74 percent, which is the best in its category.
Adani Ports estimates for FY 2027
For FY2027, Adani Ports estimates revenue of Rs 43,000 crore to Rs 45,000 crore and EBITDA of Rs 25,000 crore to Rs 26,000 crore. In the first quarter (Q1) of FY 2027, the company recorded revenue of Rs 10,821 crore and EBITDA of Rs 6,541 crore. In terms of debt (leverage), the company estimates the net debt-to-EBITDA ratio to be 2.5x for FY27. At the end of Q1FY27, this ratio stood at 1.9x.
Adani Ports management statement
Ashwini Gupta, Whole-time Director and Chief Executive Officer (CEO), APSEZ, said that balanced growth in all business sectors has further strengthened our confidence in achieving our ambitious target set for the year 2031. He said that driven by the domestic capacity expansion program aimed at achieving one billion tonne (1,000 MMT) capacity by 2030, growing international trade and rapidly expanding logistics network, APSEZ is creating a more diversified, robust and globally competitive transportation platform, which will be capable of creating value in the long run.
