Adani Ports and Special Economic Zone Ltd (APSEZ) reported a solid performance for the quarter and year ended March 2026, with strong growth across revenue, profit, and operational volumes. Revenue rose 26% in Q4 and 25% for the full year, while EBITDA and net profit also recorded steady double-digit growth, reflecting consistent business momentum.
Management highlights strong execution
The company credited its performance to disciplined execution, resilient operations, and record cargo handling. Despite global uncertainty and geopolitical disruptions, APSEZ exceeded its guidance and achieved record cargo volumes, supported by rapid expansion in logistics and marine businesses.
Expansion across business segments
APSEZ saw strong growth in logistics and marine operations, with significant increases in revenue driven by trucking, freight services, and offshore vessel expansion. The company continues to scale its integrated “shore-to-door” logistics model across India.
Record cargo and operational growth
Cargo volumes crossed 500 million tonnes in FY26, marking an 11% annual increase. While India-wide market share remained largely stable, container handling continued to dominate with strong share levels, reinforcing APSEZ’s leadership in port operations.
Domestic and international port performance
Domestic ports delivered steady revenue and profitability growth, supported by strong container volumes and high operational efficiency. International ports recorded sharp growth, driven by new assets and improved utilisation, with significant improvements in margins and returns.
Logistics and marine businesses expand rapidly
The logistics segment grew strongly, driven by trucking and freight network expansion. The marine division posted exceptional growth in both revenue and fleet size, supported by long-term contracts and increased vessel deployment across global waters.
Financial strength and capital discipline
APSEZ maintained a strong balance sheet with controlled leverage and healthy cash reserves. Credit rating agencies reaffirmed high credit quality, while the company continued capital optimisation through bond buybacks and improved debt maturity profile.
Dividend and future outlook
The board proposed a dividend for FY26 and outlined FY27 guidance with expectations of continued growth in revenue, EBITDA, and capacity expansion, while keeping leverage within disciplined limits.
Long-term strategy and vision
APSEZ aims to more than double revenue and EBITDA by FY31, targeting 1 billion tonnes of cargo capacity by 2030. The strategy focuses on scaling.
