Adani Ports Q1 FY27 Consolidated Net Profit ₹3,649 Crore

Summary of Key Information:

Reporting Period: Quarter ended June 30, 2026 (Q1 FY27)

Nature of Filing / Announcement: Outcome of Board Meeting and Submission of Unaudited Financial Results (Standalone and Consolidated)

Audit Opinion:

Clean review opinion - No qualifications or modifications. The statutory auditors, MS KA & Associates LLP, issued unmodified conclusions on both standalone and consolidated financial results.

Auditor's Comment: The auditors noted they did not review interim financial information of 26 subsidiaries (representing total revenues of ₹2,508.93 crore, net profit of ₹167.21 crore), 163 subsidiaries (representing total revenues of ₹1,296.52 crore, net profit of ₹149.16 crore), and 22 joint ventures (representing share of net profit of ₹43.69 crore), relying on management certifications and other auditors' reports where applicable.

Key Financial Highlights [₹ in crore]:

Consolidated Results:

Income Statement:

Revenue from Operations: ₹10,820.80 crore (18.6% increase YoY from ₹9,126.14 crore in Q1 FY26)
Other Income: ₹852.91 crore (188.1% increase YoY from ₹296.04 crore)
Total Income: ₹11,673.71 crore (23.9% increase YoY from ₹9,422.18 crore)

Expenses:

Operating Expenses: ₹3,017.51 crore (19.5% increase YoY from ₹2,526.29 crore)
Employee Benefits Expense: ₹681.66 crore (19.8% increase YoY from ₹569.21 crore)
Finance Costs:
Interest and Bank Charges: ₹994.73 crore (27.1% increase YoY from ₹782.68 crore)
Derivative Loss (net): ₹360.30 crore (7.0% decrease YoY from ₹387.23 crore)
Foreign Exchange (Gain)/Loss (net): (₹267.86) crore gain (vs ₹323.75 crore gain in Q1 FY26)
Depreciation and Amortisation Expense: ₹1,711.27 crore (36.4% increase YoY from ₹1,254.91 crore)
Other Expenses: ₹581.03 crore (8.5% increase YoY from ₹535.31 crore)
Total Expenses: ₹7,078.64 crore (23.5% increase YoY from ₹5,731.88 crore)

Profitability:

Profit before share of profit/(loss) from Joint Ventures, exceptional items and tax: ₹4,595.07 crore (24.5% increase YoY from ₹3,690.30 crore)
Share of (loss)/profit from Joint Ventures (net): (₹287.76) crore loss (vs ₹157.30 crore profit in Q1 FY26)
Profit before exceptional items and tax: ₹4,307.31 crore (12.0% increase YoY from ₹3,847.60 crore)
Exceptional items: None in current quarter (vs none in Q1 FY26)
Profit before tax: ₹4,307.31 crore (12.0% increase YoY from ₹3,847.60 crore)
Tax Expense (net): ₹657.81 crore (22.5% increase YoY from ₹537.00 crore)
Current Tax: ₹707.28 crore (19.6% increase YoY from ₹591.32 crore)
Deferred Tax: (₹49.47) crore (9.0% decrease from ₹54.32 crore benefit)
Profit for the period: ₹3,649.50 crore (10.2% increase YoY from ₹3,310.60 crore)
Attributable to equity holders of the parent: ₹3,620.40 crore (9.2% increase YoY from ₹3,314.59 crore)
Attributable to non-controlling interests: ₹29.10 crore (vs ₹3.99 crore loss in Q1 FY26)

Other Comprehensive Income:

Total Other Comprehensive Income (net of tax): ₹198.11 crore (97.5% increase YoY from ₹100.33 crore)
Total Comprehensive Income for the period: ₹3,847.61 crore (12.8% increase YoY from ₹3,410.93 crore)

Balance Sheet & Per Share Data:

Paid-up Equity Share Capital (Face value of ₹2 each): ₹460.79 crore
Other Equity excluding Revaluation Reserves as at March 31, 2026: ₹95,664.51 crore
Earnings per Share (Basic and Diluted): ₹15.71 (vs ₹15.34 in Q1 FY26)

Standalone Results:

Income Statement:

Revenue from Operations: ₹2,244.08 crore (22.0% increase YoY from ₹1,838.85 crore)
Other Income: ₹1,259.74 crore (111.8% increase YoY from ₹594.87 crore)
Total Income: ₹3,503.82 crore (44.0% increase YoY from ₹2,433.72 crore)

Expenses:

Operating Expenses: ₹360.46 crore (2.2% increase YoY from ₹352.81 crore)
Employee Benefits Expense: ₹56.45 crore (34.4% decrease YoY from ₹86.10 crore)
Finance Costs:
Interest and Bank Charges: ₹766.88 crore (10.5% increase YoY from ₹693.74 crore)
Derivative Gain (net): (₹36.40) crore gain (vs ₹13.31 crore gain in Q1 FY26)
Foreign Exchange Loss (net): ₹48.40 crore (32.0% decrease YoY from ₹71.17 crore)
Depreciation and Amortisation Expense: ₹181.82 crore (11.6% increase YoY from ₹162.90 crore)
Other Expenses: ₹242.65 crore (15.3% increase YoY from ₹210.44 crore)
Total Expenses: ₹1,620.26 crore (3.6% increase YoY from ₹1,563.85 crore)

Profitability:

Profit before exceptional item and tax: ₹1,883.56 crore (116.5% increase YoY from ₹869.87 crore)
Exceptional item: None in current quarter (vs none in Q1 FY26)
Profit before tax: ₹1,883.56 crore (116.5% increase YoY from ₹869.87 crore)
Tax Expense (net): ₹326.07 crore (19.5% increase YoY from ₹272.88 crore)
Current Tax: ₹297.27 crore (15.7% increase YoY from ₹256.92 crore)
Deferred Tax: ₹28.80 crore (80.5% increase YoY from ₹15.96 crore)
Profit for the period: ₹1,557.49 crore (160.9% increase YoY from ₹596.99 crore)

Other Comprehensive Income:

Total Other Comprehensive Loss (net of tax): (₹0.40) crore (vs ₹0.16 crore loss in Q1 FY26)
Total Comprehensive Income for the period: ₹1,557.09 crore (160.8% increase YoY from ₹596.83 crore)

Balance Sheet & Per Share Data:

Paid-up Equity Share Capital (Face Value of ₹2 each): ₹460.79 crore
Other Equity excluding revaluation reserve as at 31st March 2026: ₹61,379.04 crore
Earnings per Share (Basic and Diluted): ₹6.76 (vs ₹2.76 in Q1 FY26)

Segment-wise Performance:

The company operates in two segments:

1. Port and SEZ activities: Includes developing, operating and maintaining ports services, ports related infrastructure development activities, and development of infrastructure at contiguous Special Economic Zone

2. Others: Represents mainly logistics and transportation business

Segment revenue and results details were not specifically broken out in the disclosed results.

Corporate Actions:

Dividend: No dividend declared in this quarter
Acquisitions:
Completed acquisition of 100% equity shareholding of Jaypee Fertilizers & Industries Limited (along with its subsidiaries) on May 21, 2026 for consideration of ₹1,500 crore
During previous year, concluded acquisition of Abbot Point Port Holdings Pte. Limited for enterprise value of AUD 3,975 million, issuing 14,38,20,153 equity shares on December 23, 2025
Stake Sale: Entered into Share Purchase and Subscription Agreement on June 29, 2026 with Mundi Limited for 49% interest in Adani Vizhinjam Port Private Limited (subject to necessary approvals)
Merger: The Hon'ble National Company Law Tribunal (NCLT), Ahmedabad Bench sanctioned Scheme of Amalgamation of Adani Harbour Services Limited with Adani Ports and Special Economic Zone Limited with Appointed Date of July 01, 2025

Other Significant Information:

Subsidiaries: The consolidated results include 26 subsidiaries reviewed by other auditors, 163 subsidiaries not reviewed by auditors, and 22 joint ventures
Foreign Operations: Certain subsidiaries located outside India whose financial information converted from local GAAP to Indian accounting principles
Goodwill: Recorded Goodwill of ₹2,403.27 crore on acquisition of Abbot Point Port Holdings Pte. Limited after finalizing Purchase Price Allocation
Financial Ratios (Consolidated):
Debt Equity Ratio: 0.58 (vs 0.83 in Q1 FY26)
Debt Service Coverage Ratio: 5.54 (vs 5.57 in Q1 FY26)
Interest Service Coverage Ratio: 6.25 (vs 6.60 in Q1 FY26)
Current Ratio: 1.17 (vs 1.20 in Q1 FY26)
Operating Margin: 60% (vs 60% in Q1 FY26)
Net Profit Margin: 34% (vs 36% in Q1 FY26)

Financial Ratios (Standalone):
Debt Equity Ratio: 0.82 (vs 1.28 in Q1 FY26)
Debt Service Coverage Ratio: 3.36 (vs 2.21 in Q1 FY26)
Interest Service Coverage Ratio: 3.36 (vs 2.22 in Q1 FY26)
Current Ratio: 0.62 (vs 1.18 in Q1 FY26)
Operating Margin: 71% (vs 65% in Q1 FY26)
Net Profit Margin: 69% (vs 32% in Q1 FY26)

Security Cover Certificate:

The company certified sufficient asset cover of ₹29,661.66 crore against outstanding secured NCDs of ₹10,085.40 crore
Asset cover ratio of 2.89 times based on book values
Compliance with all covenants in respect of outstanding redeemable non-convertible debentures