Adani Ports and Special Economic Zone Limited (APSEZ), India’s largest integrated transport operator, has reported a strong performance for the first quarter of FY27, with consolidated revenue and EBITDA rising 19% year-on-year, powered by robust growth across its domestic ports, international ports, marine and logistics businesses.
APSEZ posted consolidated revenue of Rs. 10,821 crore in Q1 FY27, compared with Rs. 9,126 crore in the year-ago period. EBITDA also climbed to Rs. 6,541 crore, up from Rs. 5,495 crore, while profit after tax increased 10% year-on-year to Rs. 3,650 crore.
The company’s international ports business emerged as a key growth engine, with revenue jumping 80% year-on-year to Rs. 1,747 crore and EBITDA soaring 256% to Rs. 730 crore. APSEZ attributed the sharp rise to strong performances from its assets in Australia and Colombo, highlighting the growing maturity of its overseas portfolio.
The marine business continued its expansion trajectory, with revenue rising 67% year-on-year to Rs. 901 crore, driven by ongoing offshore vessel additions and the company’s European subsea expansion.
APSEZ’s domestic ports business maintained its position as the company’s earnings backbone, delivering 12% revenue growth during the quarter. Growth was supported by higher cargo volumes, an improved product mix and stronger realizations. The domestic ports business reported an industry-leading EBITDA margin of 74%.
Commenting on the results, Ashwani Gupta, Whole-time Director & CEO, APSEZ, said: "Our Q1 FY27 performance underscores the strength of our diversified business model, combining global reach with a multi-modal asset base across geographies, commodities, and customers.
"Our domestic ports business continued to deliver strong growth and remains the bedrock of APSEZ's earnings, while International Ports, Marine, and Logistics have transitioned decisively from scale-up to scale-value, becoming increasingly important drivers of revenue growth and profitability.
"This balanced growth across businesses reinforces our confidence in achieving Ambition 2031. Supported by our domestic capacity expansion program targeting 1,000 MMT by 2030, a growing international portfolio, and a rapidly scaling logistics ecosystem, APSEZ is steadily building a more diversified, resilient, and globally relevant transport platform capable of sustaining long-term value creation.”
