Adani Ports and Special Economic Zone Ltd (APSEZ) reported a 21% year-on-year rise in consolidated net profit to ₹3,043 crore for the quarter ended December 31, 2025. The performance was driven by record cargo volumes, increase in logistics operations, and the acquisition of international assets.

Financial highlights

Revenue for Q3 FY26 rose 22% YoY to ₹9,705 crore, while EBITDA increased 20% to ₹5,786 crore. EBITDA margins remained flat at 60%. For the nine-month period (9M FY26), the company’s revenue crossed ₹27,990 crore, marking a 24% increase.

Record cargo volumes and port performance

Total cargo handled during the quarter reached a milestone of 123 million metric tonnes (MMT), a 9% increase over the previous year. The growth was supported by:

• Domestic operations: Domestic port revenue grew by 15%, with EBITDA hitting a lifetime high of ₹4,877 crore.

Logistics and marine business gains

The company’s logistics vertical delivered an impressive 62% YoY revenue growth, reaching ₹1,121 crore. This was largely driven by recently launched asset-light trucking and international freight services, which now contribute 52% of the segment's revenue.

The marine segment also saw a major surge, with revenue rising 91% to ₹773 crore following offshore support vessel acquisitions in the MEASA region. The marine fleet reached an all-time high of 129 vessels.

Revised guidance

Citing higher-than-anticipated growth and the consolidation of the newly acquired North Queensland Export Terminal (NQXT) in Australia, APSEZ raised its FY26 EBITDA guidance to ₹22,800 crore, up from the previous range of ₹21,000–₹22,000 crore.

The company also announced Sreedhar Krishna Menon (currently CFO of AdaniConnex) will take over as CFO effective March 1, 2026, as D. Muthukumaran transitions to a new role within the Adani portfolio.

Shares of Adani Ports surged 9.91% to end at ₹1,532 on the National Stock Exchange on Tuesday. The stock has jumped over 42% during the past year, outperforming the Nifty 50's 11% gain.