Adani Ports Q2 Results: Revenue, EBITDA guidance band raised by ₹1,000 crore; Capex projections increased

Shares of Adani Ports and Special Economic Zone (APSEZ) gained on Wednesday, October 28, after the company raised its capital expenditure (capex) guidance for FY27 by ₹3,000 crore to ₹15,000 crore - ₹17,000 crore, as it advances towards its Ambition 2031 goals.

The company has also increased its revenue and earnings before interest, taxes, depreciation and amortisation (EBITDA) guidance band by ₹1,000 crore each, citing a strong performance in the first half of the financial year.

The company now expects FY27 revenue to be between ₹44,000 crore - ₹46,000 crore, compared with its earlier guidance, while EBITDA is projected to be between ₹26,000 crore - ₹27,000 crore.

The guidance revision came alongside a strong set of September-quarter results. APSEZ reported a 23.7% year-on-year (YoY) rise in consolidated revenue from operations to ₹11,340 crore in the second quarter of FY27, compared with ₹9,167 crore in the year-ago period.

Consolidated profit after tax (PAT) attributable to equity holders of the parent rose 16.5% YoY to ₹3,622 crore from ₹3,109 crore. EBITDA increased by 28.1% to ₹7,105 crore, compared with ₹5,548 crore a year earlier. The EBITDA margin expanded by 210 basis points to 62.6%, from 60.5%.

The company’s consolidated profit before tax (PBT) rose 21% YoY to ₹4,466 crore, compared with ₹3,690 crore in the corresponding quarter last year. Total income stood at ₹11,610 crore, against ₹10,004 crore a year earlier.

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For the first half of FY27, revenue from operations increased 21.1% YoY to ₹22,161 crore from ₹18,294 crore. EBITDA, based on the company’s reported operating expenses, employee costs and other expenses, was about ₹13,348 crore for the half-year, compared with ₹12,045 crore a year earlier. Profit attributable to equity holders rose to ₹7,242 crore from ₹6,424 crore.

Port and SEZ business drives growth

The ports and special economic zone (SEZ) segment remained the main contributor to revenue. Segment income rose to ₹9,897 crore in Q2 FY27 from ₹8,054 crore in the year-ago quarter. Segment results increased to ₹5,127 crore from ₹3,946 crore.

The ‘Others’ segment, which primarily includes logistics and transportation, reported income of ₹1,501 crore, compared with ₹1,196 crore a year earlier. However, segment results declined to ₹106 crore from ₹131 crore.

APSEZ’s consolidated balance sheet showed capital work-in-progress of ₹19,266 crore as of September 30, 2026, compared with ₹12,672 crore as of March 31, 2026. Its consolidated cash and cash equivalents stood at ₹5,074 crore at the end of the September quarter.



Shares of Adani Ports & Special Economic Zone are trading 0.5% higher, fluctuating between gains and losses on Wednesday at ₹1,762.5. The stock is up 19% so far this year.