DBT Bureau
Pune, 28 Oct 2026
Adani Ports and Special Economic Zone Limited (APSEZ) reported strong financial results for the second quarter of FY27, with growth across its ports, logistics and marine businesses. The company also raised its revenue and EBITDA guidance for the full financial year following a strong performance in the first half.
Revenue and profit increase
APSEZ’s consolidated revenue rose 24% year-on-year to ₹11,340 crore in the July–September quarter, compared with ₹9,167 crore in the same period last year.
EBITDA increased 23% to ₹6,807 crore from ₹5,550 crore. Net profit rose 18% to ₹3,682 crore, compared with ₹3,120 crore in the year-ago quarter.
For the first half of FY27, revenue increased 21% to ₹22,161 crore, while EBITDA grew 21% to ₹13,347 crore. Net profit rose 14% to ₹7,332 crore.
International ports and marine business drive growth
APSEZ recorded strong growth in its international ports business, where revenue increased 71% year-on-year to ₹1,839 crore. EBITDA for the segment rose nearly triples to ₹878 crore from ₹261 crore a year earlier.
Revenue from domestic ports grew 13% to ₹7,177 crore, supported by higher cargo volumes and improved realisations. The domestic ports business reported an EBITDA margin of 72.5%.
The logistics business recorded 21% revenue growth to ₹1,273 crore, while marine revenue increased 57% to ₹1,007 crore, supported by fleet expansion and higher contributions from offshore services.
FY27 revenue guidance raised
Following its strong first-half performance, APSEZ raised its FY27 revenue guidance by ₹1,000 crore to ₹44,000–₹46,000 crore. Its EBITDA guidance was also increased by ₹1,000 crore to ₹26,000–₹27,000 crore.
The company raised its capital expenditure guidance by ₹3,000 crore to ₹15,000–₹17,000 crore as it continues to invest in its growth plans.
Strong cash position supports expansion
APSEZ reported operating cash flow of ₹13,327 crore in the first half of FY27. It invested ₹10,521 crore during the period, while its cash balance stood at ₹12,502 crore at the end of September 2026.
The company’s net debt-to-EBITDA ratio remained at 1.8 times, according to the results release.
APSEZ said its performance reflects growth across domestic ports, international ports, logistics and marine services as it continues to expand its integrated transport and logistics network.
