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Adani Ports and Special Economic Zone (ADANIPORTS) investor relations material
Adani Ports and Special Economic Zone Q2 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 25/26 earnings summary4 Nov, 2025
Executive summary
Achieved record financial and operational performance in Q2FY26, with all-time highs in revenue, EBITDA, free cash flow, and market share; cargo volumes rose 12% YoY in Q2.
Board approved unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025.
Strategic focus on logistics, marine, and international ports has driven significant improvements and global expansion.
Strengthened balance sheet and improved credit outlook, with Fitch revising rating to stable and S&P to positive.
Recognized for sustainability efforts, with top ESG ratings and multiple awards.
Financial highlights
Q2FY26 revenue reached ₹9,167.46 crore, up 30% YoY; H1FY26 revenue was ₹18,294 crore, up 25% YoY.
Q2FY26 EBITDA grew 27% to ₹5,550 crore; net profit rose 29% to ₹3,310.60 crore; H1FY26 net profit was ₹6,431 crore.
Operating cash flow in H1FY26 was ₹9,503 crore (86% of EBITDA); capex at ₹6,462 crore.
Domestic ports revenue grew 15% to ₹6,351 crore, with 8% cargo growth and record 28% market share.
Marine revenue grew 237% to ₹641 crore; vessel count increased to 127.
Outlook and guidance
Five-year CapEx plan of ₹75,000 crore, focusing on port expansions, logistics parks, and vessel acquisitions.
FY26 revenue guidance: ₹36,000–38,000 crore; EBITDA: ₹21,000–22,000 crore; capex: ₹11,000–12,000 crore.
Net debt/EBITDA at 1.8x, with average debt maturity extended to 5.2 years; policy capped at 2.5x.
Confident in achieving one billion metric ton volume target by FY30, with meaningful market share and financial discipline.
No adverse impact anticipated from regulatory or legal matters.
Achieve 45% int'l port EBITDA margin
What commodity mix drives domestic volume to 850M tonnes by FY30?
Balance between CapEx, M&A, and capital return
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Next Adani Ports and Special Economic Zone earnings date
Q3 25/2629 Jan, 2026
Next Adani Ports and Special Economic Zone earnings date
Q3 25/2629 Jan, 2026
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Frequently asked questions
Adani Ports and Special Economic Zone Limited, develops, operates, and maintains port infrastructure facilities in India. The company offers cargo handling services, including break bulk and bulk carriers; container vessels; and oil tankers to coal and iron ore producers, importers and exporters. It also provides multi-modal logistics services; warehousing and logistics services on a linear layout to warehouses; and technical repair services for ship equipment, such as cranes, loaders, tractors, trailers, passenger vehicles, excavators and other earth moving equipment. Adani Ports and Special Economic Zone Limited was incorporated in 1998 and is headquartered in Ahmedabad, India.
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