Adani Ports Q4 FY26: Profit up 9%, ₹7.5 dividend

Q4 earnings snapshot: profit and revenue rise

Adani Ports and Special Economic Zone (APSEZ) reported a higher consolidated profit for the March quarter (Q4 FY26), supported by a strong rise in revenue and operating profit. Consolidated net profit was reported at ₹3,308 crore, up 9% from ₹3,023 crore in the year-ago quarter. Another reported figure in the same set of disclosures put Q4 consolidated net profit at ₹3,328.96 crore. Revenue for the quarter rose 26% to ₹10,738 crore, compared with ₹8,488 crore in Q4 FY25.

Operating performance also improved, with EBITDA at ₹6,020 crore in Q4 FY26, up 20% from ₹5,006 crore a year earlier. One report pegged Q4 revenue from operations at ₹10,737.58 crore. Total income for the quarter was reported at ₹11,489.45 crore, up from ₹8,769.63 crore in the corresponding period last year.

Management commentary: volumes and uncertainty

Ashwani Gupta, Whole-time Director and CEO, said the quarter’s performance reflected “disciplined execution” and resilience in the business model. He also pointed to geopolitical volatility and global tariff uncertainty as part of the operating environment. Despite these factors, the company said it surpassed its FY26 guidance, supported by a milestone in cargo handling. APSEZ said it handled over 500 million metric tonnes (MMT) of port cargo volume in a single year, calling it a first for an Indian integrated transport operator.

Dividend: ₹7.50 per share and key dates

The board proposed a dividend of ₹7.50 per share for FY26, subject to shareholder approval at the ensuing AGM. The record date is June 12, 2026, as stated in the company’s updates. The company also noted that the dividend, if declared by shareholders, is to be paid on or after June 25, 2026.

Full-year FY26 performance: revenue, EBITDA, PAT

For FY26, APSEZ reported revenue of ₹38,736 crore, up 25% year-on-year from ₹31,079 crore. EBITDA for the full year increased 20% to ₹22,851 crore, compared with ₹19,025 crore in FY25. Profit after tax (PAT) for FY26 was reported at ₹12,782 crore, up 16% from ₹11,061 crore in the prior year. Another reported consolidated net profit figure for FY26 was ₹12,806.21 crore, also indicating mid-teens annual growth.

Guidance check: FY26 beat, FY27 range announced

The company said it exceeded its FY26 guidance, which included revenue of ₹38,000 crore, EBITDA of ₹22,800 crore, and capex of ₹11,000-12,000 crore. With FY26 revenue at ₹38,736 crore and EBITDA at ₹22,851 crore, APSEZ positioned the year as ahead of its stated targets. For FY27, the company issued a revenue growth guidance of 11%-16%, with revenue expected in the range of ₹43,000-45,000 crore.

Segment picture: domestic ports, international, logistics, marine

APSEZ’s FY26 domestic ports revenue rose 13%, aided by a 10-basis point gain in overall market share, and RoCE improved to 23% from 21% in FY25. Domestic ports revenue for the year was reported at ₹25,755 crore, supported by a 45.5% container market share. As of March 31, 2026, domestic ports capacity stood at 653 MMT.

International ports revenue grew 34% to ₹4,539 crore, driven by the inclusion of NQXT Australia and ramp-up at CWIT Colombo. The company also reported international ports’ EBITDA surging 180% with margin expanding to an all-time high of 29%, and another disclosure cited EBITDA margins at 28.6% in FY26 versus 13.7% in FY25. Logistics revenue climbed 55% to ₹4,478 crore, supported by growth in trucking and international freight network services, with RoCE improving to 10% from 6%. Marine revenue jumped 134% to ₹2,681 crore, supported by a fleet of 136 vessels, with marine RoCE reported at 13%.

Q4 segment operating metrics: where growth showed up

In Q4 FY26, the domestic ports business reported revenue of ₹6,566 crore versus ₹6,062 crore in Q4 FY25, while EBITDA increased to ₹4,704 crore from ₹4,354 crore. International ports posted quarterly revenue of ₹1,422 crore versus ₹901 crore, with EBITDA at ₹597 crore compared with ₹131 crore. The logistics segment reported revenue of ₹1,133 crore versus ₹1,030 crore, while EBITDA improved to ₹228 crore from ₹181 crore.

Exceptional items and profit bridge disclosures

One disclosure noted profit before exceptional items and tax at ₹3,761.58 crore for Q4 FY26. It also reported an exceptional loss of ₹61.62 crore during the quarter. Another update reported profit before tax at ₹3,699.96 crore for Q4 FY26, compared with ₹3,531.93 crore in the year-ago quarter.

Key numbers table

Why these results matter for investors

The quarter reinforced APSEZ’s position as a diversified transport and logistics platform, with growth coming not only from domestic ports but also from international and services-led lines such as logistics and marine. The FY26 guidance beat is important because it sets a reference point for how management targets translate into reported outcomes. The FY27 revenue guidance range of ₹43,000-45,000 crore provides a near-term framework for tracking execution, especially as the company has flagged global trade uncertainty. RoCE disclosures across verticals, including an overall FY26 RoCE of 16% versus 15% in FY25, also indicate the company is tracking capital efficiency alongside growth.

Conclusion

APSEZ closed Q4 FY26 with higher profit, revenue, and EBITDA, and proposed a ₹7.50 per-share dividend with June 12, 2026 as the record date. The company also reported crossing 500 MMT of annual cargo volumes and said it exceeded its FY26 guidance. Next, investors will watch the shareholder approval process for the dividend at the AGM and the company’s progress against its FY27 revenue guidance of ₹43,000-45,000 crore.