Adani Ports Raises FY27 Revenue and EBITDA Guidance After Strong Q2 Results

Adani Ports recorded consolidated revenue of Rs. 11,340 crore in Q2 FY27, compared with Rs. 9,167 crore in the corresponding quarter last year. EBITDA increased to Rs. 6,807 crore from Rs. 5,550 crore, while net profit rose to Rs. 3,682 crore from Rs. 3,120 crore.

For the first half of FY27, the company reported revenue of Rs. 22,161 crore, up 21% year-on-year (YoY). EBITDA grew 21% to Rs. 13,347 crore, while net profit increased 14% to Rs. 7,332 crore.

Adani Ports Revises FY27 Guidance

Following its first-half performance, Adani Ports revised its full-year financial targets for FY27.

• Revenue Guidance: Increased by Rs. 1,000 crore to Rs. 44,000-46,000 crore from the earlier range of Rs. 43,000-45,000 crore.
• EBITDA Guidance: Raised by Rs. 1,000 crore to Rs. 26,000-27,000 crore from the earlier range of Rs. 25,000-26,000 crore.
• Capital Expenditure Guidance: Increased by Rs. 3,000 crore to Rs. 15,000-17,000 crore from the earlier range of Rs. 12,000-14,000 crore.

The company said the higher capital expenditure plan reflects increased investment in growth projects as it works towards its Ambition 2031 targets.

Adani Ports Business Segment Performance

• Domestic Ports: Revenue increased 13% YoY to Rs. 7,177 crore. Domestic ports handled 118 million metric tonnes (MMT) of cargo during the quarter and reported an EBITDA margin of 72.5%.
• International Ports: Revenue rose 71% YoY to Rs. 1,839 crore. EBITDA increased to Rs. 878 crore from Rs. 261 crore in the corresponding quarter last year, with the EBITDA margin reaching 47.7%.
• Logistics: Revenue grew 21% YoY to Rs. 1,273 crore. Container volumes handled by the logistics business increased 15% quarter-on-quarter (QoQ) to 167,453 twenty-foot equivalent units (TEUs) in Q2 FY27, compared with 145,310 TEUs in Q1 FY27.
• Marine: Revenue increased 57% YoY to Rs. 1,007 crore, while EBITDA rose 32% to Rs. 447 crore. Growth was supported by fleet expansion and a higher contribution from offshore and subsea services.

Adani Ports Balance Sheet and Investment Plans

As of September 2026, Adani Ports reported a net debt-to-EBITDA ratio of 1.8 times and a cash balance of Rs. 12,502 crore. Capital expenditure during the first half of FY27 stood at Rs. 10,521 crore.

The company generated Rs. 13,327 crore in operating cash flow during the first half of FY27, supporting its investment and expansion plans.

Adani Ports Q2 FY27 Results: Key Highlights

• Company: Adani Ports and Special Economic Zone Limited (APSEZ)
• Quarter: Q2 FY27
• Consolidated Revenue: Rs. 11,340 crore, up 24% YoY
• Consolidated EBITDA: Rs. 6,807 crore, up 23% YoY
• Net Profit: Rs. 3,682 crore, up 18% YoY
• FY27 Revenue Guidance: Rs. 44,000-46,000 crore
• FY27 EBITDA Guidance: Rs. 26,000-27,000 crore
• FY27 Capex Guidance: Rs. 15,000-17,000 crore
• Domestic Ports Cargo: 118 MMT
• International Ports EBITDA: Rs. 878 crore
• Net Debt-to-EBITDA Ratio: 1.8 times
• Cash Balance: Rs. 12,502 crore

What to Watch Next

• Investors may track whether Adani Ports achieves its revised FY27 revenue and EBITDA guidance while increasing capital expenditure. Performance across domestic and international ports, logistics and marine services may provide further insight into the company's growth.
• Investors can also monitor subsequent financial disclosures for updates on cargo volumes, operating margins, cash flows and progress towards the company's longer-term expansion targets.