Adani Ports Q3 FY26 EBITDA up 20% to ₹5,786 Cr; FY26 Guidance Raised by ₹800 Cr
Adani Ports reported Q3 FY26 revenue of ₹9,705 crore (+22% YoY) and EBITDA of ₹5,786 crore (+20% YoY). PAT stood at ₹3,043 crore (+21% YoY). The company raised its FY26 EBITDA guidance by ₹800 crore to ₹22,800 crore and completed the NQXT Australia acquisition. Credit ratings were upgraded.
The strong financial performance, increased guidance, and credit rating upgrades are significant positive developments that are likely to have a substantial impact on investor sentiment and the company's valuation.
The company reported strong year-on-year growth in revenue, EBITDA, and PAT. The upward revision of FY26 EBITDA guidance and credit rating upgrades further indicate a positive financial outlook.
Adani Ports and Special Economic Zone Limited (APSEZ) announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The company reported a 22% year-on-year increase in Q3 FY26 revenue to ₹9,705 crore, reaching ₹27,998 crore for the nine-month period, a 24% increase YoY.
EBITDA for the third quarter rose by 20% YoY to ₹5,786 crore, and for the nine months, it increased by 20% to ₹16,832 crore. Profit After Tax (PAT) for Q3 FY26 grew by 21% to ₹3,043 crore, and for 9M FY26, it was up 18% to ₹9,474 crore.
The company has revised its FY26 EBITDA guidance upwards by ₹800 crore to ₹22,800 crore, driven by higher-than-anticipated growth and the consolidation of NQXT Australia. APSEZ's leverage remains strong, with net debt to EBITDA at 1.9x (proforma 1.8x).
Operational highlights include a 9% YoY increase in cargo volume to 123 MMT in Q3 FY26, and an all-India container market share of 45.8%. The company also completed the acquisition of NQXT Australia and received credit rating upgrades from Japan Credit Rating Agency (JCR) to “A-/Stable” and Moody's revised outlook to “Stable”. APSEZ also became India's first company in its sector to adopt the Taskforce on Nature-related Financial Disclosures (TNFD).
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Adani Ports and Special Economic Zone Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Adani Ports and Special Economic Zone Limited. Read the original for the full detail.