Adani Ports and Special Economic Zone (ADANIPORTS) Q4 25/26 earnings summary

Executive summary

• Achieved record cargo volume of 500.8 MMT in FY26, up 11% year-over-year, with international volumes surging 154% and container volumes up 19%.

• Revenue grew 25% year-over-year to ₹38,736 Cr, EBITDA rose to ₹24,872.48 Cr, and PAT increased to ₹12,782.03 Cr.

• Major acquisitions included Abbot Point Port Holdings Pte. Ltd. (APPH), Singapore, for AUD 3,975 million, and completion of the Astro Offshore Group acquisition.

• Expanded port and logistics infrastructure, including new terminals, capacity upgrades, and international acquisitions.

• Board recommended a dividend of ₹7.5 per share for FY26, subject to shareholder approval.

Financial highlights

• Consolidated revenue from operations for FY26 was ₹38,735.77 Cr, up from ₹30,475.33 Cr year-over-year.

• EBITDA for FY26 was ₹24,872.48 Cr, up from ₹19,061.78 Cr year-over-year.

• Q4 FY26 revenue was ₹10,738 Cr (up 26% YoY), EBITDA ₹6,020 Cr (up 20% YoY), PAT ₹3,308 Cr (up 9% YoY).

• Earnings per share (EPS) for FY26 was ₹58.23, compared to ₹51.35 in FY25.

• Total assets as of March 31, 2026, stood at ₹1,85,314.76 Cr.

Outlook and guidance

• FY27 revenue guidance: ₹43,000–45,000 Cr (11–16% growth); EBITDA: ₹25,000–26,000 Cr (9–14% growth).

• FY27 capex guidance: ₹12,000–14,000 Cr, focused on ongoing port, logistics, and marine expansions.

• Net debt/EBITDA policy maintained up to 2.5x.

• The Board scheduled the 27th AGM for June 24, 2026, and set June 12, 2026, as the record date for dividend entitlement.

• The company continues to monitor regulatory and legal developments, including labor code changes and ongoing legal proceedings involving a non-executive director.