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Adani Ports Lifts FY26 EBITDA Guidance After Strong Q3

Segment gains alongside NQXT consolidation underpin the upgrade.

Overview

  • Q3 FY26 profit rose 21% to Rs 3,043 crore as revenue climbed 22% to Rs 9,705 crore and EBITDA increased 20% to Rs 5,786 crore.
  • Full‑year guidance now targets EBITDA of Rs 22,800 crore, with revenue guided to about Rs 38,000 crore, capex at Rs 11,000–12,000 crore, and cargo at 505–515 MMT.
  • The NQXT Australia acquisition closed in Q3 and is consolidated into results, with management indicating leverage remains unchanged.
  • Logistics revenue jumped 62% to Rs 1,121 crore, marine revenue reached Rs 773 crore with marine EBITDA up 135% to Rs 428 crore, and international ports revenue hit Rs 1,067 crore.
  • Credit assessments improved with an A‑/Stable from Japan Credit Rating Agency and a Stable outlook from Moody’s at Baa3, and the company adopted TNFD reporting.