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Informist, Wednesday, Jul. 29, 2026
 

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--Adani Ports Apr-Jun consol net profit INR 36.20 bln
--Analysts saw Adani Ports Apr-Jun consol net profit at INR 33.75 bln
--Adani Ports Apr-Jun consol revenue INR 108.21  bln
--Adani Ports Apr-Jun consol revenue INR 108.21 bln
--Analysts saw Adani Ports Apr-Jun consol revenue at INR 105.61 bln
--Adani Ports Apr-Jun consol PAT INR 36.20 bln vs INR 33.15 bln year ago
--Adani Ports Apr-Jun consol revenue INR 108.21 bln vs INR 91.26 bln year ago
--Adani Ports Apr-Jun operating margin at 60%, unch from year ago
--Cemindia Projects: Share of exports 2-3% in current order book
--Adani Ports maintain FY27 revenue guidance at INR 430 bln-INR 450 bln
--Adani Ports Apr-Jun consol EBITDA INR 65.41 bln vs INR 54.95 bln yr ago
--Adani Ports maintains FY27 EBITDA guidance at INR 250 bln-INR 260 bln
--Adani Ports Apr-Jun cargo volumes at 138.1 mln tn vs 120.6 mln tn yr ago
--Adani Ports Apr-Jun domestic Mundra port volume 51.2 mln tn, up 7% on yr
--Adani Ports Q1 domestic non-Mundra port volume 64.1 mln tn, dn 2% on yr
--Adani Ports Q1 total domestic volume 115.3 mln tn, up 2% on yr
--Adani Ports Apr-Jun domestic ports EBITDA INR 51.52 bln, up 11% on year
--Adani Ports Apr-Jun intl ports EBITDA INR 7.30 bln vs INR 2.05 bln yr ago
--Adani Ports: Q1 intl ports EBITDA margin up on higher-margin Australia ops
--Adani Ports: Q1 intl ports EBITDA margin up on higher scale in Colombo
--Adani Ports: India container cargo mkt share at 44.8% Q1 vs 45.2% yr ago
 

 
By Sunil Raghu

 

AHMEDABAD – Adani Ports and Special Economic Zone Ltd.'s consolidated net profit for the June quarter rose more than 9% on year, higher than analysts' estimates. However, the company's bottom line growth was the slowest in the past four quarters. Revenue growth also beat Street estimates comfortably, helping offset the impact of a sharp rise in expenses.
 
India's largest private port operator reported a consolidated net profit of INR 36.20 billion. Analysts had expected the company to report a consolidated net profit of INR 33.75 billion for the quarter. The net profit rose over 9% compared to the June quarter a year ago and nearly 9% sequentially. This is the fourteenth successive quarter for which the company has seen year-on-year positive net profit growth.

 

The company's top line rose to INR 108.21 billion in the June quarter, up nearly 19% on year and comfortably above analysts' estimate of INR 105.61 billion. The company reported sales of INR 95.10 billion from ports and special economic zone activities during the quarter, up over 24% on year.

 

A nearly 24% on-year increase in expenses at INR 70.79 billion limited the company's growth in profitability for the quarter. Operating expenses rose over 19% to INR 30.18 billion while spends related to interest and bank charges were up over 27% at almost INR 10 billion. The company reported a tax expense of INR 6.58 billion, up 23% on year and 68% sequentially.

 

Adani Ports' earnings before interest, tax, depreciation and amortisation rose over 19% on year to INR 65.41 billion for the quarter under review, from INR 54.95 billion a year ago. However, its operating margin remained unchanged from a year ago at 60% for the June quarter.

 

In India, the company operates a network of 15 ports, with the key ones being the Mundra port in Gujarat, the Krishnapatnam port in Andhra Pradesh, and the Vizhinjam port in Kerala. Its international ports include Haifa in Israel, Dar es Salaam in Tanzania, North Queensland Export Terminal in Australia, and Colombo in Sri Lanka.

 

Adani Ports handled 138.1 million tonnes of cargo in the June quarter, up 15% on year, the company had said in a quarterly update. Its container volumes grew 18% on year and liquids grew 12%. The 15% volume growth recorded in the June quarter was the highest in the last five quarters, according to data available with Informist. Volumes handled by Adani Ports had improved 13% in the March quarter and 11% in the June quarter a year ago.

 

However, its all-India cargo market share fell 20 basis points on year to 27.6% in the June quarter, and its container cargo market share was 44.8%, down 40 bps. The company's revenue from domestic ports rose 12% on year to INR 69.64 billion and that from international ports surged 80% to INR 17.47 billion. 

 

As of Jun. 30, domestic ports' capacity stood at 653 million tonnes. The company plans to expand its port capacity with an aim to handle 1 billion tonnes of port cargo by December 2030, it said in an earnings press release. 

 

Volumes at the Mundra port, which accounts for over 44% company's domestic volumes, rose 7% on year to 51.2 million tonnes in Apr-Jun. Volumes at ports, excluding Mundra, fell 2% on year to 64.1 million tonnes. The company's total domestic volumes during the quarter were up 2% on year at 115.3 million tonnes. For the June quarter, domestic ports' EBITDA was up 11% on year at INR 51.52 billion.

 

The company's international ports' volume growth in the June quarter was driven by the addition of the North Queensland Export Terminal in Australia and the ongoing ramp-up at Colombo. Australia contributed 10 million tonnes, Colombo 6.9 million tonnes, Tanzania about 3.7 million tonnes, and Israel 2.2 million tonnes. The company's total international ports volumes stood at 22.8 million tonnes. "The inclusion of higher-margin Australia operations and improving scale at Colombo drove a sharp expansion in EBITDA margin to 41.8% in Q1FY27 from 21.1% in Q1FY26," the company said in the press release.

 

The company expects to maintain its revenue for FY27 at INR 430 billion-INR 450 billion. It also reiterated its EBITDA guidance of INR 250 billion to INR 260 billion for the year. 

 

At 1406 IST, shares of the company traded 3.6% lower at INR 1,711.30 on the National Stock Exchange.  End

 

Edited by Avishek Dutta

 

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