Adani Ports and Special Economic Zone Ltd (APSEZ) reported a strong start to FY26, posting a 21 percent year-on-year revenue growth to ₹9,126 crore for the quarter ended June 30, 2025. The performance was powered by exceptional growth in logistics and marine operations, signaling a shift in the company’s integrated transport strategy.
Financial Highlights
| Metric | Q1 FY26 | YoY Change |
|---|---|---|
| Revenue | ₹9,126 crore | +21% |
| EBITDA | ₹5,495 crore | +13% |
| Profit After Tax (PAT) | ₹3,311 crore | +7% |
| Cargo Volume | 121 MMT | +11% |
| Container Volume | +19% YoY | — |
- Logistics revenue rose to ₹1,169 crore, marking a near doubling
- Marine revenue grew nearly threefold to ₹541 crore
Operational Milestones
- Colombo West International Terminal (CWIT) commenced operations, expected to handle 3.2 million TEUs annually
- Dhamra Port added a new export berth and began work on two more, boosting overall capacity
- Vizhinjam Port achieved full utilization by its ninth month of operation
- Haifa Port in Israel reported 29 percent volume growth and record revenue since acquisition
Debt and Capital Management
- Raised ₹5,000 crore in 15-year non-convertible debentures from LIC, enhancing debt maturity profile
- Maintained a healthy net debt to EBITDA ratio of 1.8x
- Total cash reserves stood at ₹16,921 crore
- S&P Global revised APSEZ’s outlook to ‘Positive’, reaffirming BBB- rating
Sustainability and Infrastructure
- Twelve ports earned Zero Waste to Landfill certification
- Introduced electric-powered mobile cranes to improve operational efficiency
- Constructed India’s first steel slag road within a port facility, pushing the envelope on green engineering
Strategic Outlook
CEO Ashwani Gupta stated that logistics and marine are reshaping the company’s future-ready port ecosystem. With continued investments in trucking, international freight, and marine assets, APSEZ aims to extend its port-to-customer value chain and achieve its FY26 guidance.
Conclusion
Adani Ports’ first-quarter performance reinforces its transformation into a comprehensive transport and logistics platform. As it expands capacity, strengthens sustainability, and builds international partnerships, APSEZ is emerging as a global leader in port-led infrastructure.
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