Adani Ports and Special Economic Zone Limited (APSEZ) reported a strong financial performance for the second quarter of FY27, with consolidated revenue increasing 24% year-on-year (YoY) to \u20b911,340 crore for the quarter ended September 30, 2026. Consolidated EBITDA rose 23% to \u20b96,807 crore, compared with \u20b95,550 crore in the corresponding quarter of the previous financial year.<\/p>\n\n\n\n
The company also raised its full-year FY27 revenue and EBITDA guidance by \u20b91,000 crore each, citing strong first-half performance and growth across its domestic ports, international ports, logistics and marine businesses.<\/p>\n\n\n\n
The company\u2019s official results announcement reported quarterly PAT of \u20b93,682 crore, up 18% YoY. Some media reports cited a different net profit figure; the official company release has been used for this article.<\/p>\n\n\n\n
Following its strong first-half performance, APSEZ revised its full-year FY27 financial outlook.<\/p>\n\n\n\n The company raised its revenue and EBITDA guidance by \u20b91,000 crore each. It also increased its capital expenditure guidance by \u20b93,000 crore to \u20b915,000\u201317,000 crore, reflecting accelerated investments towards its long-term growth objectives.<\/p>\n\n\n\n Growth across the company’s operating segments contributed to its consolidated performance.<\/p>\n\n\n\n Domestic ports revenue increased 13% YoY to \u20b97,177 crore from \u20b96,351 crore. EBITDA rose 11% to \u20b95,201 crore from \u20b94,688 crore, while the EBITDA margin stood at 72.5%.<\/p>\n\n\n\n Cargo volumes during the quarter reached 118 million metric tonnes (MMT). The company also reported all-India cargo and container market shares of 27.3% and 44.4%, respectively.<\/p>\n\n\n\n International ports revenue jumped 71% YoY to \u20b91,839 crore from \u20b91,077 crore. EBITDA increased to \u20b9878 crore from \u20b9261 crore, reflecting a stronger contribution from the international portfolio.<\/p>\n\n\n\n The company attributed the improvement to the continued ramp-up of operations at Colombo West International Terminal, Tanzania and NQXT Australia. International ports handled 24 MMT of volumes during the quarter, compared with 10 MMT in Q2 FY26.<\/p>\n\n\n\n The logistics business reported revenue of \u20b91,273 crore, up 21% from \u20b91,055 crore a year earlier. EBITDA increased to \u20b9237 crore from \u20b9220 crore.<\/p>\n\n\n\n The company highlighted the expansion of its integrated \u201cshore-to-door\u201d logistics network and growth in trucking operations as contributors to the segment’s performance.<\/p>\n\n\n\n Marine revenue rose 57% YoY to \u20b91,007 crore from \u20b9641 crore. EBITDA increased 32% to \u20b9447 crore from \u20b9338 crore.<\/p>\n\n\n\n The performance was supported by fleet expansion, a higher contribution from offshore services and the company’s entry into subsea services. The marine fleet stood at 138 vessels during Q2 FY27, compared with 127 vessels in the year-ago quarter.<\/p>\n\n\n\n Adani Ports reported operating cash flow of \u20b913,327 crore during H1 FY27, which funded investments of \u20b910,521 crore during the period.<\/p>\n\n\n\n The company reported a cash balance of \u20b912,502 crore and a net debt-to-EBITDA ratio of 1.8 times. It also stated that its cumulative capital expenditure over the past two years had reached \u20b930,346 crore while maintaining its leverage position.<\/p>\n\n\n\n These figures reflect the company’s investment activity alongside its focus on balance-sheet management.<\/p>\n\n\n\n Ashwani Gupta, Whole-time Director and CEO of APSEZ, said the company delivered another strong quarter, with domestic ports continuing to anchor earnings and international ports, logistics and marine emerging as additional growth drivers.<\/p>\n\n\n\n The company\u2019s revised guidance indicates expectations of continued revenue and operating earnings growth in FY27. Investors will monitor cargo volumes, international terminal ramp-ups, logistics expansion, capital expenditure and leverage as the company progresses towards its long-term Ambition 2031 objectives.<\/p>\n\n\n\n Adani Ports reported 24% YoY growth in consolidated revenue to \u20b911,340 crore and 23% growth in EBITDA to \u20b96,807 crore in Q2 FY27. Its official announcement reported PAT of \u20b93,682 crore, up 18% YoY.<\/p>\n\n\n\n The company also raised its FY27 revenue guidance to \u20b944,000\u201346,000 crore and EBITDA guidance to \u20b926,000\u201327,000 crore, while increasing its capital expenditure outlook to \u20b915,000\u201317,000 crore.<\/p>\n\n\n\n The results highlight broad-based growth across the company’s operating businesses, with international ports and marine delivering particularly strong revenue growth.<\/p>\n\n\n\nFinancial metric<\/th> Earlier guidance<\/th> Revised guidance<\/th><\/tr> Revenue<\/td> \u20b943,000\u201345,000 crore<\/td> \u20b944,000\u201346,000 crore<\/td><\/tr> EBITDA<\/td> \u20b925,000\u201326,000 crore<\/td> \u20b926,000\u201327,000 crore<\/td><\/tr> Capital expenditure<\/td> \u20b912,000\u201314,000 crore<\/td> \u20b915,000\u201317,000 crore<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Adani Ports Business-Wise Performance in Q2 FY27<\/h2>\n\n\n\n
Domestic Ports<\/h3>\n\n\n\n
International Ports<\/h3>\n\n\n\n
Logistics<\/h3>\n\n\n\n
Marine<\/h3>\n\n\n\n
Adani Ports’ H1 FY27 Cash Flow and Debt Position<\/h2>\n\n\n\n
Management Commentary and Growth Outlook<\/h2>\n\n\n\n
Conclusion<\/h2>\n\n\n\n