Adani Ports and Special Economic Zone Ltd. (APSEZ) reported a 10% year-on-year increase in consolidated net profit for the first quarter of FY27, supported by growth in revenue and operating profit across its domestic and international businesses. Consolidated net profit for the April-June quarter rose to Rs 3,650 crore from Rs 3,311 crore in the corresponding period last year.

Revenue increased 19% year on year to Rs 10,821 crore from Rs 9,126 crore, while EBITDA also rose 19% to Rs 6,541 crore from Rs 5,495 crore. EBITDA margin improved slightly to 60.4% from 60.2% a year earlier.

APSEZ said its domestic ports business remained the main earnings driver, with revenue rising 12% year on year, supported by a better cargo mix, higher realisations and stronger cargo volumes. Domestic ports handled 115.3 million metric tonnes (MMT) of cargo during the quarter, and the business posted an EBITDA margin of 74%. The segment remains central to the company’s scale, even as APSEZ broadens its mix across overseas ports, marine services and logistics.

The company said it is carrying out one of the largest port capacity expansion programmes in its history. Domestic port capacity stood at 653 MMT as of June 30, 2026, and is targeted to reach 1,000 MMT by December 2030. APSEZ said its all-India cargo market share was 27.6% during the quarter, while its container cargo market share was 44.8%.

The international ports business delivered record quarterly revenue and EBITDA, reflecting the growing scale and profitability of APSEZ’s overseas operations. Revenue in the segment surged 80% year on year to Rs 1,747 crore, while EBITDA jumped 256% to Rs 730 crore, driven by strong performance in Australia and Colombo.

International ports handled 22.8 MMT of cargo during the quarter, up from 7.7 MMT a year earlier, helped by the addition of NQXT Australia and continued ramp-up at Colombo. Australia contributed 10 MMT of cargo, followed by Colombo with 6.9 MMT, Tanzania with 3.7 MMT and Israel with 2.2 MMT. Colombo’s EBITDA margin widened to 41.8% from 21.1% a year earlier, while revenue at Colombo increased five-fold and revenue in Tanzania rose 36%.

The company’s marine business revenue rose 67% year on year to Rs 901 crore, supported by continued fleet additions and the expansion of its European subsea operations. APSEZ said it recently partnered with Oceaneering International to strengthen its deepwater engineering and offshore capabilities in Europe and secured a 10-year contract supporting Argentina’s first LNG exports to India.

The logistics business reported mixed performance during the quarter. Rail container volumes were affected by the ongoing Middle East crisis, although the company continued to expand its asset-light operations. Trucking revenue increased 26% year on year, while revenue from its International Freight Network business rose 28% sequentially.

Despite the earnings growth, Adani Ports shares remained under pressure on July 29. The stock was trading at Rs 1,734.70, down 2.25% in early afternoon trade, even as the broader market was firmly in the green.

Source: Adani Ports tweet