Adani Group-Backed APSEZ Q3 FY26 EBITDA up 20% YoY to Rs 5,786 Crore, Increases FY26 EBITDA Guidance by Rs 800 Crore
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With a net debt to EBITDA ratio maintained at a healthy 1.9 times, the company remains on a clear trajectory to achieve its ambitious goal of handling one billion tonnes of cargo volume by 2030.
Adani-ports-and-special-economic-zone-ltd-132921">Adani Ports and Special Economic Zone Limited (APSEZ) has reported a robust financial performance for the third quarter of fiscal year 2026, with revenue climbing 22 per cent year-on-year to Rs 9,705 crore. This growth was anchored by a 20 per cent increase in EBITDA, which reached Rs 5,786 crore. On the back of these strong results and the strategic consolidation of the NQXT Australia acquisition, the company has raised its full-year EBITDA guidance by Rs 800 crore, now targeting Rs 22,800 crore. This upward revision reflects both higher-than-anticipated organic growth and the immediate financial contributions from its international expansion.
The Logistics and marine segments emerged as significant growth engines during this period. Logistics revenue surged by 62 per cent to Rs 1,121 crore, driven by a successful shift toward asset-light services such as trucking and international freight networks. Simultaneously, the marine division saw its revenue skyrocket by 91 per cent to Rs 773 crore, while its EBITDA jumped by 135 per cent to Rs 428 crore. These gains were supported by aggressive vessel acquisitions, bringing the company’s total fleet to an all-time high of 129 vessels, and the successful implementation of offshore support contracts across the Middle East and Africa.
Internationally, APSEZ achieved a major milestone as quarterly revenue from overseas ports crossed the Rs 1,000 crore mark for the first time, reaching Rs 1,067 crore. The acquisition of the 50 MMT capacity NQXT port in Australia has further solidified the company’s presence along the East-West trade corridor. Domestically, the company maintained its dominance with an all-India container market share of 45.8 per cent. Its flagship Mundra Port continues to set benchmarks, becoming the first Indian port to handle a fully laden Very Large Crude Carrier directly at a jetty, significantly enhancing operational efficiency and reducing costs for the Barmer refinery supply chain.
The company’s financial stability and sustainability efforts have also gained international recognition. Credit rating agencies have responded positively to APSEZ’s disciplined capital allocation, with the Japan Credit Rating Agency assigning an "A-" rating, which sits a notch above India’s sovereign rating. Furthermore, APSEZ has distinguished itself as a global leader in ESG by becoming the first Indian integrated transport utility to adopt the Taskforce on Nature-related Financial Disclosures. With a net debt to EBITDA ratio maintained at a healthy 1.9 times, the company remains on a clear trajectory to achieve its ambitious goal of handling one billion tonnes of cargo volume by 2030.
About the Company
Adani Ports and Special Economic Zone (APSEZ) is India's leading integrated transport utility, offering a comprehensive "shore-to-door" logistics ecosystem that spans 15 domestic ports and four international locations across Australia, Sri Lanka, Israel, and Tanzania. By leveraging a diversified fleet of 129 vessels, extensive rail and road networks, and 3.1 million square feet of warehousing, the company handles approximately 28% of India’s total port volumes with a target of 1 billion tonnes by 2030. Supported by AI-driven optimization and recognized in the top 5% of global firms for sustainability by S&P Global, APSEZ seamlessly connects cargo origination to final delivery, reinforcing its position as a critical driver of global trade infrastructure.
Disclaimer: The article is for informational purposes only and not investment advice.