Adani Ports and Special Economic Zone Ltd.Guidance Raised

Adani Ports delivered exceptional Q3 FY26 performance, prompting management to revise FY26 EBITDA guidance upward by ₹800 crore to ₹22,800 crore, reflecting strong operational excellence and financial discipline.

The company achieved a record-high 45.6% domestic container market share during the nine-month period, while the logistics segment surged 62% year-on-year to ₹1,121 crore in quarterly revenue. International operations crossed a significant milestone with quarterly revenues exceeding ₹1,000 crore, positioning this segment on a hyper-growth trajectory toward ₹4,000-5,000 crore annually. Management reaffirmed confidence in achieving FY29 targets of ₹65,500 crore revenue and ₹36,500 crore EBITDA, supported by robust cash flows of approximately ₹18,000 crore expected in FY26.

Strategic capacity expansions continue with ₹16,000 crore earmarked for Vizhinjam Phase II through FY30, expanding capacity from 1.6 to 5.7 million TEUs. Despite the NQXT acquisition, leverage remains controlled at 1.8x, demonstrating disciplined capital allocation while pursuing both organic and inorganic growth opportunities.