Adani Ports Q3 Results: FY26 revenue seen at upper end of range, EBITDA projection raised

Adani Ports & Special Economic Zone Ltd. (APSEZ) reported its December quarter results on Tuesday, February 3, which were better on a year-on-year basis across most parameters. The company has also revised its guidance for the full year.

The company now expects its revenue for the full year to be at the higher end of the ₹36,000 crore to ₹38,000 crore range, projecting it at ₹38,000 crore aided by higher growth.

EBITDA guidance for the year has also been raised higher to ₹22,800 crore from the earlier guidance of ₹21,000 crore to ₹22,000 crore.

Other guidance parameters have been maintained, including capex, Net Debt-To-EBITDA and Port Cargo Volumes at 505 MMT to 515 MMT.

Net profit for the period grew by 21.2% to ₹3,053.6 crore from ₹2,520.3 crore last year. Revenue for the period increased by 22% to ₹9,704.6 crore from ₹7,963 crore earlier.

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter grew by 20.5% to ₹5,785 crore from ₹4,800 crore last year, while margins narrowed by 70 basis points to 59.6% from 60.3% last year.

Revenue for the company's logistics business grew by 62% year-on-year to ₹1,121 crore. International ports business revenue crossed the mark of ₹1,000 crore, while its EBITDA doubled from last year.

For the first nine months of the year, Cargo volumes have grown by 11% year-on-year to 367 MMT from 332 MMT last year.

Shares of Adani Ports are trading 8.8% higher at ₹1,526.3. The stock is up 41% in the last 12 months.