Adani Ports Unveils Ambitious Financial and Operational Targets

Adani Ports and Special Economic Zone Ltd (APSEZ), India's largest port operator, has announced its financial guidance and operational targets, setting ambitious goals for the future.

Financial Targets

The company has outlined several key financial objectives:

Metric	Target
Net Debt-to-EBITDA Ratio	2.5x
Full Year EBITDA	INR 21,000-22,000 crores
Domestic Ports Long-term Margin	75-77%
Logistics Margins (non-IFN and non-trading)	40-45%

Operational Goals

In terms of operational performance, Adani Ports has set an ambitious target for its cargo volume:

Metric	Target
Cargo Volume	505-510 million metric tonnes

The company's focus on maintaining a healthy net debt-to-EBITDA ratio of 2.5x suggests a commitment to financial stability and prudent leverage management. This target may be viewed positively by investors and analysts as it indicates a balanced approach to growth and financial health.

The EBITDA guidance of INR 21,000-22,000 crores demonstrates Adani Ports' confidence in its operational efficiency and revenue generation capabilities. This robust EBITDA target could potentially translate into strong cash flows, supporting the company's expansion plans and shareholder returns.

For its domestic ports business, Adani Ports has provided a long-term margin guidance of 75-77%. This high margin target suggests that the company expects to maintain its operational efficiency and potentially benefit from economies of scale in its port operations.

In the logistics segment, the company aims to achieve margins of 40-45% for its non-IFN (Inland Freight Network) and non-trading business over time. This target indicates Adani Ports' focus on high-margin logistics services, which could contribute significantly to its overall profitability.

The operational target of handling 505-510 million metric tonnes of cargo is a clear indication of Adani Ports' growth ambitions. Achieving this volume would likely solidify the company's position as a dominant player in India's port infrastructure sector.

These targets collectively paint a picture of a company aiming for robust growth while maintaining financial discipline. As Adani Ports works towards these objectives, market observers will likely keep a close watch on the company's performance and any updates to these guidance figures.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.52%	+4.33%	+4.26%	+9.48%	+16.39%	+310.12%

Adani Ports & SEZ , India's largest private port operator, has reported strong financial results for the second quarter of fiscal year 2026, with significant growth in both revenue and profitability.

Financial Highlights

The company's consolidated net profit for Q2 FY26 rose by 29% year-on-year to ₹3,120.00 crore, compared to ₹2,413.00 crore in the same quarter last year. Revenue from operations saw a 30% increase, reaching ₹9,167.00 crore, up from ₹7,067.00 crore in Q2 FY25.

EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortization) for the quarter stood at ₹5,550.00 crore, marking a 27% increase from the previous year. The EBITDA margin, however, showed a slight decline to 61% compared to 62% in Q2 FY25.

Operational Performance

The company handled a total cargo volume of 124 million metric tonnes (MMT) during the quarter, representing a 12% growth year-on-year. Adani Ports & SEZ's market share in India's port sector increased to 28.1%, up from 27.4% in the same period last year.

Segment-wise Performance

Ports

Segment	Revenue Growth
Domestic ports	16% to ₹6,351.00 crore
International ports	35% to ₹1,077.00 crore

Logistics

Logistics revenue surged by 79% to ₹1,055.00 crore
Container rail volume grew by 16% to 178,927 TEUs

Marine Services

Marine services revenue saw a significant jump of 237% to ₹641.00 crore

Strategic Developments

Adani Ports & SEZ continued its expansion and operational improvements:

Colombo West International Terminal handled over 350,000 TEUs since commencing operations in April 2025
Announced groundbreaking of a 70-acre, 1.3 million sq. ft. logistics park in Kochi with ₹600.00 crore investment
Acquired 9 new marine vessels during Q2 FY26, taking the total fleet to 127 vessels

Financial Position

The company maintained a strong balance sheet with a net debt to EBITDA ratio of 1.8x. Cash balance stood at ₹13,063.00 crore, while gross debt was ₹51,082.00 crore as of September 30, 2025.

Management Commentary

Ashwani Gupta, Whole-time Director & CEO of Adani Ports & SEZ, stated, "Our strong, across-the-board profitable growth momentum truly underscores the success of our unmatched Integrated Transport Utility value proposition. Logistics and Marine businesses have continued their exponential growth trajectory, further reinforcing our port-gate to customer-gate offering."

Sustainability and Ratings

Adani Ports & SEZ scored 66/100 in the S&P Global Corporate Sustainability Assessment 2025, placing it in the top 95th percentile globally within the Transportation & Transportation Infrastructure sector. Fitch Ratings revised the company's outlook to "Stable" from "Negative", while affirming its rating at "BBB-".

About Adani Ports and Special Economic Zone Limited

Adani Ports & SEZ is part of the globally diversified Adani Group and operates as an integrated transport utility. With a current cargo handling capacity of 633 million tonnes per annum, the company aims to reach 1 billion tonnes throughput by 2030. It operates 15 ports and terminals across India's coastline, complemented by a comprehensive logistics network including rail, multi-modal logistics parks, and warehousing facilities.