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Informist, Tuesday, Feb. 3, 2026

 

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--Adani Ports Oct-Dec consol net profit INR 30.54 bln
--Analysts saw Adani Ports Oct-Dec consol net profit at INR 32.66 bln
--Adani Ports Oct-Dec consol revenue INR 97.05 bln
--Analysts saw Adani Ports Oct-Dec consol revenue at INR 92.92 bln
--Adani Ports Oct-Dec consol PAT INR 30.54 bln vs INR 25.20 bln year ago
--Adani Ports Oct-Dec consol revenue INR 97.05 bln vs INR 79.64 bln year ago
--Adani Ports Oct-Dec labour codes implementation cost INR 1.46 bln
--Adani Ports Apr-Dec consol PAT INR 94.77 bln vs INR 80.78 bln year ago
--Adani Ports Apr-Dec consol revenue INR 279.98 bln vs INR 219.87 bln year ago
--Adani Ports Oct-Dec ports sales INR 83.31 bln vs INR 74.13 bln yr ago
--Adani Ports Q3 profit excluding new labour code impact INR 32 bln
--Adani Ports Oct-Dec operating margin at 60% unchanged on year
 

 

By Divya Moolayattil

 

MUMBAI - Adani Ports and Special Economic Zone Ltd.'s consolidated net profit for the December quarter rose by double digits on year but fell short of the Street's estimate. The bottom line fell sequentially due to a one-time cost of INR 1.46 billion on account of the implementation of the new labour codes.

 

The company's bottom line for the December quarter jumped over 21% on year to INR 30.54 billion, but it was down nearly 2% from INR 31.09 billion in the trailing quarter. Analysts had expected the company to report a consolidated net profit of INR 32.66 billion for the quarter.

 

The company's top line for the quarter rose to INR 97.05 billion from INR 79.64 billion a year ago, beating analysts' estimate of INR 92.92 billion revenue. The top line was up nearly 22% on year and 6% on quarter. The company's revenue from ports and special economic zone activity in the December quarter was INR 83.31 billion, up over 12% from INR 74.13 billion a year ago. 

 

Adani Ports owns 15 ports across India with a total capacity of 653 million tonnes as of Dec. 31. It also operates four international ports across Sri Lanka, Israel and Tanzania. During the December quarter, the company completed the acquisition of NQXT Australia. For the December quarter, the company handled 123 million tonnes of cargo, up 9% on year. In the nine months ended December, the company handled a total of 367 million tonnes of cargo, up 11% on year. 

 

The company's total expenses for the reporting quarter rose 21% to INR 62.83 billion from INR 51.91 billion a year ago. This rise was led by a 35% on-year rise in operating expenses, which came in at INR 28.80 billion. The company also booked a derivate loss of 61% to INR 2.26 billion. Depreciation and amortisation costs rose over 25% on year to INR 13.84 billion. However, the sharp rise in expenses was contained by forex gain of INR 816 million and nearly 10?ll in other expenses to INR 4.75 billion.

 

The company's all-India cargo share for Apr-Dec rose marginally to 27.4% from 27.2% a year ago and container share rose 45.6% from 45.2% a year ago. The company said it is on track to achieve 1 billion tonnes of cargo volume by 2030.

 

Volumes of the Mundra port, which contributes a little less than half of the company's total volumes, fell 2% on year to 47.6 million tonnes during the quarter. On the other hand, volumes at other ports of the company, excluding Mundra Port, rose 12% on year to 64.9 million tonnes.

 

Revenue from the company's domestic ports for the December quarter rose to INR 67.01 billion, from INR 58.26 billion in the year-ago quarter. Revenue from international port operations jumped nearly 21% to INR 10.67 billion. Revenue from the marine vertical nearly doubled on year to INR 7.73 billion and that from logistics grew nearly 62% to INR 11.21 billion. 

 

The company's consolidated earnings before interest, tax, depreciation, and amortisation for the December quarter rose nearly 20% on year to INR 57.86 billion. In the same quarter last year, its EBITDA stood at INR 48.02 billion. Analysts had estimated EBITDA for Adani Ports at INR 55.91 billion. The consolidated EBITDA margin in the December quarter stood at 60%, unchanged from the year-ago quarter.

 

For FY26, the company revised its expected revenue upwards to INR 380 billion due to higher growth and consolidation of NQXT and the EBITDA to rise to INR 228 billion. Adani Ports' revenue for the nine months ended December was INR 279.98 billion, up over 27% from INR 219.87 billion a year ago. The net profit for the same period was INR 94.77 billion from INR 80.78 billion year ago. The guidance for port cargo volume remained unchanged at 505-515 million tonnes. 

 

The company's gross debt was INR 530.97 on Dec. 31, up from INR 510.82 billion on Sept. 30. Its cash balance was INR 118.07 billion as on Dec. 31 from INR 130.63 billion as on Sept. 30.

 

The results were announced during market hours. On Tuesday, shares of the company closed at INR 1,530.80, up 9%, on the National Stock Exchange.  End

 

Edited by Tanima Banerjee

 

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