Adani Ports Q4 FY26 results: profit up 9%, dividend

Key takeaway from APSEZ’s Q4 print

Adani Ports and Special Economic Zone (APSEZ) reported a year-on-year rise in consolidated net profit for the March quarter, alongside a sharp increase in revenue. The company also recommended a dividend for FY26, with a June 2026 record date.

The numbers matter because APSEZ is a bellwether for India’s port-led logistics chain, and because the company flagged that it crossed its own FY26 guidance. Management also pointed to record cargo volumes during the year amid what it described as geopolitical volatility and global tariff uncertainty.

Q4 FY26: Profit rises, revenue tops Rs 10,000 crore

For Q4 FY26, APSEZ reported consolidated net profit of Rs 3,308 crore, up from Rs 3,023 crore in the year-ago quarter. This translates to a 9% year-on-year increase.

Revenue for the quarter rose 26% to Rs 10,738 crore, compared with Rs 8,488 crore a year earlier. The quarter also saw operating profit expansion, with EBITDA increasing 20% to Rs 6,020 crore from Rs 5,006 crore.

Another disclosure in the published material showed revenue from operations at Rs 10,737.58 crore in Q4 FY26, and total income at Rs 11,489.45 crore.

Operating performance: EBITDA grows 20%

APSEZ’s Q4 EBITDA came in at Rs 6,020 crore. One report in the provided material cited an EBITDA margin of around 56% for the quarter.

Profit before tax was reported at Rs 3,699.96 crore in Q4 FY26 versus Rs 3,531.93 crore in the corresponding quarter last year. Another filing excerpt included an exceptional loss of Rs 61.62 crore during the quarter.

Management commentary: focus on volumes and guidance

Ashwani Gupta, Whole-time Director and CEO, said the quarter’s performance reflected “resilience” and “disciplined execution” of strategy. He added that APSEZ surpassed its FY26 guidance and highlighted “record 500 MMT port cargo volumes”.

The 500 MMT milestone was also described as a first for an Indian integrated transport operator to handle over 500 million metric tonnes of port cargo volume in a single year.

Dividend recommendation and key dates

The board proposed a dividend of Rs 7.50 per share for FY26 (equity share face value Rs 2 each, as stated in the material), subject to shareholder approval at the ensuing AGM.

The record date for determining eligibility was fixed as June 12, 2026. Another note in the material added that, if declared by shareholders, the dividend shall be paid on or after June 25, 2026.

FY26 annual numbers: revenue, EBITDA and PAT

For FY26 (year ended March 31, 2026), APSEZ reported revenue from operations of Rs 38,736 crore, compared with Rs 31,079 crore in FY25. Annual EBITDA was Rs 22,851 crore, up from Rs 19,025 crore.

Profit after tax (PAT) for FY26 was stated at Rs 12,782 crore, compared with Rs 11,061 crore in FY25. One separate excerpt in the provided content cited FY26 consolidated net profit at Rs 12,806.21 crore.

Guidance check: FY26 beat and FY27 outlook

APSEZ said it surpassed FY26 guidance that included Rs 38,000 crore revenue, Rs 22,800 crore EBITDA, and Rs 11,000-12,000 crore capex.

For FY27, the company guided 11% to 16% growth, with revenue of around Rs 43,000 crore to Rs 45,000 crore.

Segment snapshots: domestic, international, logistics and marine

Quarterly segment data in the material showed domestic ports business revenue at Rs 6,566 crore in Q4 FY26 versus Rs 6,062 crore in Q4 FY25, while EBITDA rose to Rs 4,704 crore from Rs 4,354 crore.

International ports reported Q4 FY26 revenue of Rs 1,422 crore versus Rs 901 crore a year earlier, while EBITDA rose to Rs 597 crore from Rs 131 crore. International performance was linked to NQXT Australia and CWIT Colombo operations.

Logistics segment revenue rose to Rs 1,133 crore from Rs 1,030 crore in the quarter, with EBITDA at Rs 228 crore versus Rs 181 crore. Annual logistics revenue was stated at Rs 4,478 crore.

Marine operations were reported with annual revenue of Rs 2,681 crore and a fleet of 136 vessels.

Market and operating metrics referenced in the material

For FY26, domestic port operations contributed Rs 25,755 crore to annual revenue, supported by a 45.5% container market share and domestic ports capacity of 653 MMT as of March 31, 2026.

The provided content also mentioned return on capital employed (RoCE) improvements: domestic RoCE improved to 23% from 21% in FY25; overall FY26 RoCE stood at 16% versus 15% in FY25; logistics RoCE improved to 10% from 6%; and marine RoCE was cited at 13%.

Summary table: key numbers and dates

Why the update matters for investors

The quarter reinforced that APSEZ is growing both its top line and operating profit, while maintaining a high EBITDA margin (around 56% as cited). The FY26 milestone of crossing 500 MMT cargo volume gives context to the company’s revenue progression and its claim of beating annual guidance.

The dividend recommendation and fixed record date provide a clear event marker for shareholders. Separately, the FY27 revenue guidance band of Rs 43,000-45,000 crore sets a near-term reference point for tracking quarterly execution against the company’s own outlook.

Conclusion

APSEZ closed Q4 FY26 with higher profit, strong revenue growth, and a recommended Rs 7.50 per share dividend with June 12, 2026 as the record date. The company also highlighted crossing 500 MMT annual cargo volumes and surpassing its FY26 guidance, while issuing an FY27 revenue guidance range of Rs 43,000-45,000 crore.