Adani Ports Q1 FY27 Revenue Up 19% to ₹10,821 Cr; EBITDA Grows 19%
Adani Ports reported Q1 FY27 consolidated revenue of ₹10,821 Cr, up 19% YoY. EBITDA grew 19% YoY to ₹6,541 Cr. International Ports revenue surged 80% to ₹1,747 Cr, with EBITDA up 256% to ₹730 Cr. S&P upgraded credit rating to 'BBB' with a 'Stable' outlook.
The results show significant growth in key financial metrics and positive credit rating actions, which are material to investors and the company's financial standing. The strong performance of international segments also indicates positive business expansion.
The company reported strong year-on-year growth in revenue and EBITDA, alongside positive credit rating upgrades and positive commentary from the CEO. International operations showed particularly strong performance.
Adani Ports and Special Economic Zone Limited (APSEZ) announced its financial results for the first quarter ended June 30, 2026, reporting a consolidated revenue of ₹10,821 crore, a 19% year-on-year increase from ₹9,126 crore in Q1 FY26. EBITDA also grew by 19% YoY to ₹6,541 crore from ₹5,495 crore.
The company's domestic ports revenue increased by 12% YoY to ₹6,964 crore, driven by cargo volume growth, superior product mix, and higher realization, maintaining a best-in-class EBITDA margin of 74%. International ports demonstrated robust growth, with revenue surging 80% YoY to ₹1,747 crore and EBITDA jumping 256% YoY to ₹730 crore, primarily attributed to strong performance in Australia and Colombo.
Marine revenue rose by 67% YoY to ₹901 crore, supported by ongoing offshore vessel additions and European subsea expansion. The logistics business saw a marginal 0.3% YoY revenue growth to ₹1,173 crore, with EBITDA increasing by 3% YoY to ₹219 crore. The company also highlighted its commitment to nature-positive growth by becoming the first Indian transport company to release a TNFD report.
S&P Global Ratings upgraded APSEZ’s long-term issuer credit rating and the issue rating on its senior unsecured notes to “BBB” from “BBB-“, with a “Stable” outlook. CARE ratings and ICRA Limited reaffirmed APSEZ’s highest domestic rating of “AAA”.
Ashwani Gupta, Whole-time Director & CEO, commented, "Our Q1 FY27 performance underscores the strength of our diversified business model... APSEZ is steadily building a more diversified, resilient, and globally relevant transport platform capable of sustaining long-term value creation."
Looking ahead, APSEZ has provided its FY27 guidance: revenue is projected to be between ₹43,000-45,000 crore, and EBITDA is expected to be in the range of ₹25,000-26,000 crore. The net debt to EBITDA ratio is targeted to be up to 2.5x, with the current ratio at 1.9x.
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