Adani Ports Q3 Results: Adani Ports and Special Economic Zones (SEZ) announced its October-December quarter results for fiscal 2026-27 on Tuesday, Feb. 3, reporting a rise of 21% in consolidated net profit to Rs 3,054 crore, compared to Rs 2,520 crore in the corresponding period last year. The multinational port operator’s revenue from operations in the third quarter of current fiscal rose 22% to Rs 9,705 crore, compared to Rs 7,964 crore in the year-ago period.

Adani Ports reported a stable operational performance in December quarter as earnings before interest, taxes, depreciation, and amortization (EBITDA) or operating profit advanced 21% to Rs 5,786 crore, compared to Rs 4,802 crore in the same period last year. The port operator’s EBITDA margin came in at 59.6% compared to 60.3% in the corresponding period last year.

ALSO READ: Adani Group Shares Rise After Budget 2026 – Here’s What Driving The Growth

Adani Ports Q3 Results (Cons, YoY)

• Net Profit up 21.2% to Rs 3,054 crore Vs Rs 2,520 crore
• Revenue up 21.9% At Rs 9,705 crore Vs Rs 7,964 crore
• EBITDA up 20.5% At Rs 5,786 crore Vs Rs 4,802 crore
• Margin At 59.6% Vs 60.3% 

The Adai Group’s flagship port company reported a one-time cost impact of Rs 146 crore due to labor codes. D Muthukumaran relinquished his position as chief finance officer. The board appointed Sreedhar Krishna Menon as CFO from March 1, 2026. Adani Ports ended the day as a top Nifty gainer and also logged the most gains in 20 months.

“As India’s largest and the world’s fastest-growing Integrated Transport Utility, APSEZ has once again delivered a strong and resilient performance. Sustained momentum across our four business pillars, combined with the consolidation of NQXT, has enabled us to raise the upper end of our FY26 EBITDA guidance by a robust Rs 800 crore,” said Ashwani Gupta, Whole-time Director & CEO.

“Even after the NQXT acquisition, our leverage remains unchanged, underscoring the strength of our balance sheet and our disciplined approach to capital allocation,” Gupta added. During the December quarter, Mundra port became first Indian port and amongst select ports globally to handle a fully laden Very Large Crude Carrier that berthed directly at a jetty, significantly reducing transportation costs, Adani Ports said.

(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)

Adani Ports And Special Economic Zone Ltd.’s managing director Karan Adani called the Vizhinjam Port project the ‘largest investment committed by any business house in Kerala’ in his address to the attendees of the inauguration of the second phase of its development.

The expansion will add 4.1 million twenty-foot equivalent units to the existing capacity of the port. The second phase of development will be undertaken with updated automation in technologies and equipment, as per state officials.

“With an additional investment of Rs 16,000 crore under Phase 2, and a cumulative commitment of Rs 30,000 crore, Vizhinjam will scale from a capacity of 1 million TEUs to 5.7 million TEUs by 2029. This is the largest investment committed by any business house in the State of Kerala,” Adani said. 

The equipment for Phase 2 will include 21 automated ship-to-shore (STS) cranes, 45 automated Cantilever Rail-Mounted Gantry (CMRG) cranes, a rail handling yard and a state-of-the-art electrical and automation systems.

Karan Adani called the Vizhinjam Port the largest investment by a business house in Kerala.
Photo Credit: Adani Ports

The other features of the second phase include berth expansion, dredging and reclamation to create additional operational capacity and construction of the deepest breakwater in India with a stretch of 920 meters at a depth of 21 meters.

Besides these, deployment of green equipment, like electric vehicle charging stations, development of critical facilities such as electrical substation, sewage treatment plant and International Ship and Port Facility Security (ISPS) fencing will also be included

Karan Adani also stated that it will be the largest and most technologically advanced port in India. “Vizhinjam stands today at the intersection of history and the future. For centuries, Kerala’s coastline connected India to global trade, cultures, and ideas. Through Vizhinjam, that historic role is being renewed-this time with world-class infrastructure, global scale, and national purpose,” he said.

Also Read: Adani Ports Inaugurates Vizhinjam Phase Two Project In Kerala

(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)

Kerala Chief Minister Pinarayi Vijayan on Saturday inaugurated the second phase development of the Vizhinjam seaport by the Adani Group to make it the largest transhipment hub in the Indian sub-continent. Widely hailed as the “Wonder Port of India”, Vizhinjam has emerged as one of the country’s most advanced deep-water ports, setting benchmarks that have redefined India’s maritime landscape.

Adani Ports Managing Director Karan Adani and Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal were also present at the event.

Photo Credit: adani ports

The expansion will add 4.1 million Twenty-foot Equivalent Units (TEUs) to the existing capacity of the port. Vizhinjam is currently the most advanced and fully automated transhipment hub in India. The phase 2 development will be undertaken with updated automation in technologies and equipment, as per state officials.

The phase 2 equipment will include 21 automated ship-to-shore (STS) cranes, 45 automated Cantilever Rail-Mounted Gantry (CMRG) cranes, a rail handling yard and a state-of-the-art electrical and automation systems.

The other features of phase 2 include berth expansion, dredging and reclamation to create additional operational capacity and construction of the deepest breakwater in India with a stretch of 920 meters at a depth of 21 meters.

Besides these, deployment of green equipment, like electric vehicle charging stations, development of critical facilities such as electrical substation, sewage treatment plant and International Ship and Port Facility Security (ISPS) fencing will also be part of phase 2.

ALSO READ: Adani Ports: Jefferies Remains Bullish After Completion Of Key Acquisition — Check Target Price

(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)

Ahmedabad, May 02 (ANI): Adani Ports and Special Economic Zone reported that its Profit After Tax or net profits during the just-concluded financial year 2023-24 grew by a whopping 50 per cent to Rs 8,104 crore, on Thursday.
| Photo Credit: ANI

Adani Ports and Special Economic Zone Limited (APSEZ) said it has placed an order worth ₹450 crore with the Cochin Shipyard Limited to procure eight harbour tugs. The tugs are expected to be delivered from December 2026 until May 2028.

After SEC charges, Adani shuns U.S. capital; to fund Sri Lanka port project on its own

Ashwani Gupta, whole-time director & CEO of APSEZ said, “By leveraging local manufacturing capabilities, which are world-class, we aim to contribute to the ‘Make in India’ initiative while ensuring that our operations meet international standards of safety and efficiency.”

New Delhi:

Billionaire Gautam Adani-led conglomerate on Tuesday said it will use its own resources to fund a Sri Lankan port project and not seek US funding.

In an exchange filing late on Tuesday, Adani Ports and SEZ Ltd said the project “is on track for commissioning by early next year” and added that the company will fund the ongoing project through “internal accruals”, aligning with its capital management strategy.

The company said it has withdrawn its 2023 “request for financing from the US International Development Finance Corporation (DFC)”.

The US International Development Finance Corp, in November last year, agreed to provide a USD 553 million loan to support the development, construction, and operation of a deep-water container terminal called the Colombo West International Terminal (CWIT) at the Port of Colombo in Sri Lanka.

The CWIT is being developed by a consortium of Adani Ports, Sri Lankan conglomerate John Keells Holdings Plc, and the Sri Lanka Ports Authority (SLPA).

DFC financing was part of the US government’s broader efforts to counter China’s growing influence in the region and was seen as an endorsement of Adani’s ability to develop world-class infrastructure.

However, the loan process stalled after the DFC asked that the agreement between Adani and the SLPA be amended to align with their conditions, which then went under review by Sri Lanka’s Attorney General. As the project is nearing completion, Adani Ports, which holds 51 per cent of the venture, chose to proceed with the project without funding from the DFC, officials privy to the process explained.

The US agency had recently stated that it was “actively assessing the ramifications” of the bribery allegations against the Adani group executives. It had so far not disbursed any money to the ports-to-energy conglomerate.

Adani group has denied all charges as baseless and vowed to pursue all possible legal recourse. 

The Port of Colombo is the largest and busiest transhipment port in the Indian Ocean. It has been operating at more than 90 per cent utilisation since 2021, signalling its need for additional capacity.

The geopolitically sensitive port project in Sri Lanka is as much of a move by the US to counter Chinese influence in the island nation.

Phase 1 of the project is scheduled to become commercially operational by Q1 2025.

The new terminal will cater to growing economies in the Bay of Bengal, taking advantage of Sri Lanka’s prime position on major shipping routes and its proximity to these expanding markets.

The Colombo West International Terminal (CWIT) project was initiated in September 2021, when Adani Ports signed an agreement with the Sri Lanka Ports Authority and Sri Lankan conglomerate John Keells Holdings, pledging over USD 700 million to expand the capabilities of Colombo Port.

The CWIT will be Sri Lanka’s largest and deepest container terminal, with a quay length of 1,400 metres and an alongside depth of 20 metres. When complete, the terminal will be able to handle Ultra Large Container Vessels (ULCVs) with capacities of 24,000 TEUs and is expected to have an annual handling capacity of over 3.2 million TEUs.

As of September 30, 2024, Adani Ports had approximately USD 1.1 billion (Rs 8,893 crore) in cash reserves and generated an operating profit of USD 2.3 billion (Rs 18,846 crore) in the past 12 months. 

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)

The BSE benchmark Sensex jumped 597.67 points or 0.74% to settle at 80,845.75
| Photo Credit: PTI

Benchmark indices Sensex and Nifty rallied for the third straight session on Tuesday (December 3, 2024) amid buying in blue-chip stocks like HDFC Bank, Reliance Industries and firm trends in global markets.

The BSE benchmark Sensex jumped 597.67 points or 0.74% to settle at 80,845.75. During the day, it surged 701.02 points or 0.87% to 80,949.10.

The NSE Nifty went up by 181.10 points or 0.75% to 24,457.15.

From the 30-share Sensex pack, Adani Ports surged nearly 6%. NTPC, Axis Bank, State Bank of India, Larsen & Toubro, UltraTech Cement, Tata Motors, HDFC Bank and Reliance Industries were the other big gainers.

Bharti Airtel, ITC, Sun Pharma, Asian Paints and Kotak Mahindra Bank were the laggards.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled higher. European markets were trading in the green.

US markets ended mostly in the positive territory on Monday.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹238.28 crore on Monday, while Domestic Institutional Investors (DIIs) bought shares worth ₹3,588.66 crore, according to exchange data.

Global oil benchmark Brent crude climbed 1.13% to $72.64 a barrel.

Recovering the early lost ground, the BSE benchmark Sensex climbed 445.29 points or 0.56% to settle at 80,248.08 on Monday. The Nifty surged 144.95 points or 0.60% to 24,276.05.

In a ceremony marking 25 years of Mundra Port, Gujarat Chief Minister Bhupendrabhai Patel released a commemorative postal stamp to honour the port’s contributions to India’s maritime and economic growth.

The event, held on World Post Day, highlights the transformation of Mundra Port from a single jetty in 1998 into India’s largest commercial port and a key global maritime hub.

Adani Group Chairman Gautam Adani took to ‘X’ to express his gratitude:

“Thank you, Hon’ble @CMOGuj Bhupendrabhai Patel, for releasing a commemorative stamp to celebrate 25 years of Mundra Port. Its journey from a tiny jetty in 1998 to one of the world’s leading ports today has not been without its challenges. Mundra Port’s growth symbolises our partnership of trust with Gujarat and its people.”

Thank you, Hon’ble @CMOGuj Bhupendrabhai Patel, for releasing a commemorative stamp to celebrate 25 years of Mundra Port. Its journey from a tiny jetty in 1998 to one of the world’s leading ports today has not been without its challenges. Mundra Port’s growth symbolises our… https://t.co/16yniZrslwpic.twitter.com/fKmB1CsI3D

— Gautam Adani (@gautam_adani) October 9, 2024

The ceremony was attended by senior officials, including Managing Director of Adani Enterprises Ltd Rajesh Adani, Managing Director of Adani Ports and Special Economic Zone Ltd Karan Adani, and Gujarat Circle Chief Postmaster General Ganesh V Sawaleshwarkar.

Mundra Port’s evolution is a testament to its role as a vital commercial gateway, handling nearly 11% of India’s maritime cargo and 33% of the nation’s container traffic. Since its inception, the port has contributed over Rs 2.25 lakh crore to state and national exchequers and created more than 7.5 crore man-days of employment. Its development has attracted investments exceeding Rs70,000 crore, and through the Adani Foundation, community initiatives have benefited over 3.5 lakh people across 61 villages.

“This commemorative stamp represents not just the legacy of Mundra Port but also our partnership of trust with the people of Gujarat and the supportive policies of the state government,” said Karan Adani. “Together, we have turned a vast wasteland into India’s largest port, reaffirming our commitment to driving economic development and creating opportunities for our people, while supporting India’s ambition to be a leader in global trade.”

The stamp, titled “25 Years of Progress – Mundra Port,” was designed by India Post in collaboration with Adani Ports and features a visual narrative of the port’s transformation. 5,000 stamp sheets, containing a total of 60,000 stamps, have been printed and will be available for purchase through India Post’s ePortal. A special cover and stamp cancellation were also released, and a copy of the commemorative stamp will be displayed at the National Philatelic Museum in New Delhi.

Mundra Port has played a pivotal role in India’s maritime infrastructure, serving both coastal and hinterland regions, while also expanding globally with operations in Sri Lanka, Israel, and Tanzania. The company’s vision is to become the world’s largest ports and logistics platform within the next decade.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

Bombay Stock Exchange (BSE). File
| Photo Credit: Reuters

Equity benchmark indices Sensex and Nifty settled lower for the sixth straight session on Monday (October 7, 2024) due to heavy selling in bellwether stocks including HDFC Bank and Reliance Industries amid mixed trends in the global markets and outflow of foreign funds.

Falling for the sixth consecutive session, the BSE Sensex tumbled 638.45 points or 0.78% to settle at 81,050. During the day, it plummeted 962.39 points or 1.17% to 80,726.06.

The NSE Nifty slumped 218.85 points or 0.87% to end at 24,795.75.

From the 30 Sensex firms, Adani Ports & Special Economic Zones, NTPC, State Bank of India, PowerGrid, IndusInd Bank, Axis Bank, HDFC Bank, Titan and UltraTech Cement were the major laggards.

Mahindra & Mahindra, ITC, Bharti Airtel, Infosys, Bajaj Finance, Tata Consultancy Services and Tech Mahindra defied the trend.

“The Indian markets have entered a consolidation phase with high risk of underperforming to Asian peers. This phase is marked by significant corrections in the broader market due to premium valuations. There is notable global arbitrage activity, with Chinese markets attracting substantial inflows driven by its attractive valuations and stimulus measures,” Vinod Nair, Head of Research at Geojit Financial Services, said.

Global oil benchmark Brent crude surged 2.09% to $79.68 a barrel.

European markets were trading on a mixed note on Monday (October 7, 2024).

In Asian markets, Tokyo, Shanghai, Hong Kong and Seoul settled higher.

Wall Street ended with gains on Friday (October 4, 2024).

Investors are reassessing their portfolio positions and FIIs outflows are exacerbated. Amid escalating geopolitical tensions, the surging oil prices pose a further challenge to the domestic economy in the short term, Mr. Nair added.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹9,896.95 crore on Friday (October 4, 2024), while Domestic Institutional Investors (DIIs) bought equities worth ₹8,905.08 crore, according to exchange data.

On Friday (October 4, 2024), the BSE Sensex tumbled 808.65 points to settle at a three-week low of 81,688.45, while NSE Nifty slumped 235.50 points to 25,014.60.

Last week, the BSE Sensex tanked 3,883.4 points, or 4.53%, and the Nifty slumped 1,164.35 points or 4.44%.

Adani Ports and Special Economic Zone said on Friday it will buy a majority stake in an offshore support vessel operator for $185 million, expanding its fleet and diversifying beyond port operations.

Astro Offshore, in which Adani Ports will buy an 80% stake, owns a fleet of 26 vessels including barges and workboats, counting miner NMDC and construction bellwether Larsen and Toubro as its customers.

“Astro will add… to our current fleet of 142 tugs and dredgers… (and) the acquisition will also give us access to an impressive roster of tier-1 customers,” Adani Ports CEO Ashwani Gupta said in a statement.

The deal comes as India’s largest private port operator aims to grow its presence beyond its mainstay port operations to maintain its sector lead against smaller rivals JSW Infrastructure and Gujarat Pipavav .

The acquisition is expected to close within a month with no requirement of regulatory approvals, Adani Ports added.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)

Thiruvananthapuram:

Adani Group’s Vizhinjam Port, India’s first trans-shipment port near Kovalam Beach in Kerala, received its first mothership.

‘San Fernando’, a vessel of the world’s second-largest shipping company Maersk, arrived at the port country with over 2,000 containers on it, thus creating history.

The giant ship was given the traditional water salute following which she berthed successfully.

With the arrival of the first mother ship, Adani Group’s Vizhinjam Port has catapulted India into the world port business as globally this port will rank 6th or 7th.

Those present to receive the mothership included State Ports Minister V.N. Vasavan, officials from the Adani Port and senior state government officials.

The official function will take place on Friday. It will be attended by Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal, Chief Minister Pinarayi Vijayan and Adani Ports and SEZ Ltd (APSEZ) Managing Director Karan Adani.

Soon after the official inauguration, the mothership will move to its next destination at Colombo and after that many more ships are scheduled to arrive with cargo.

Friday will mark the official completion of the first phase of the port, which has a 3,000-metre breakwater and 800-metre container berth ready.

Of the 32 cranes required, all but one have come. A 1.7 km approach road for connectivity is almost complete, while the office building, security area and electric lines are all ready.

Another feature of this port is that it is the first semi-automated container terminal in the country and will also be a global bunkering hub, supplying clean and green fuels like hydrogen and ammonia. Full-fledged commercial operations in the port are slated to begin in a few months.

The second and third phase of the project is planned to be completed in 2028 and will be one of the greenest ports in the world.

The port is also strategically located as it is just 10 nautical miles from the International Shipping Route connecting Europe, the Persian Gulf and the Far East.
 

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)