The company handled 123 million metric tonnes of cargo in the quarter, a 9 per cent increase, with its all-India container market share expanding to 45.8 per cent. | Photo Credit: ANI
Adani Ports and Special Economic Zone Limited (APSEZ) reported a profit after tax of ₹3,043 crore for the third quarter ended December 31, 2025, up 21 per cent on year, led by revenue growth on higher cargo volumes and logistics business.
The strong performance prompted India’s largest private port operator to raise its full-year EBITDA guidance to ₹22,800 crore, ₹800 crore above its previous top-end estimate, while revenue guidance has been raised to Rs 38,000 crore at the upper of its previous guidance of Rs 36,000-38,000 crore.
In the reporting quarter, revenue rose 22 per cent to ₹9,705 crore, while EBITDA rose by a fifth to ₹5,786 crore.
The upward revision stems from stronger-than-anticipated operational growth contributing approximately ₹500 crore, with the remaining ₹300 crore coming from the fourth-quarter inclusion of recently acquired North Queensland Export Terminal in Australia.
The port operator also announced the appointment of Sreedhar Krishnan Menon, currently Chief Financial Officer of Adani Connex, as Adani Port’s CFO from March 1, replacing D Muthukumaram, who will be transitioning to a new role within the group.
The company handled 123 million metric tonnes of cargo in the quarter, a 9 per cent increase, with its all-India container market share expanding to 45.8 per cent. Domestic ports revenue increased 15 per cent while international ports quarterly revenue crossed the ₹1,000 crore milestone for the first time, reaching ₹1,067 crore.
The logistics segment showed accelerated growth with revenue jumping 62 per cent to ₹1,121 crore, driven by asset-light services including trucking and international freight networks. Marine operations revenue surged 91 per cent to ₹773 crore, with the fleet now totaling 129 vessels.
The company’s net debt-to-EBITDA stood at 1.9 times despite the Australian acquisition. Gross debt at the end of the quarter was at Rs 53,097 crore.
Japan Credit Rating Agency recently assigned it an “A-“ rating with stable outlook, a notch above India’s sovereign rating, allowing it to tap the Japanese debt market for long-tenor loans.
Published on February 3, 2026