Adani Ports Shares Rise 4% on Strong Q2 Earnings, FY27 Guidance Raised

Summary

Adani Ports & Special Economic Zone (APSEZ) saw its BSE shares climb 4 % to ₹1,823.15 after announcing robust Q2FY27 results and lifting its FY27 revenue and EBITDA targets.

Q2FY27 Performance

• Profit after tax (PAT): ₹3,682 cr, up 17 % YoY.
• Revenue: ₹11,340 cr, a 24 % YoY increase.
• EBITDA: ₹6,807 cr, 23 % YoY growth; margin dipped to 60 %.
• International ports and marine business drove the growth, with international port revenue up 71 % and marine business up 57 % YoY.

FY27 Guidance Update

• Revenue: Raised by ₹1,000 cr to ₹44,000‑46,000 cr.
• EBITDA: Raised by ₹1,000 cr to ₹26,000‑27,000 cr.
• Capex: Increased by ₹3,000 cr to ₹15,000‑17,000 cr.

The company is accelerating its investment program to reach FY31 targets of ₹91,500 cr revenue and ₹52,000 cr EBITDA.

Market Reaction

• Shares were up 3.6 % at ₹1,822 at 10:27 AM, outperforming the BSE Sensex.
• Trading volume doubled, with 2.49 million shares traded on NSE and BSE.
• The stock hit a record high of ₹1,891.80 on 3 July 2026.

Brokerage Outlook

• Analysts expect continued volume growth of 15 % YoY and price revisions.
• FY27 and FY28 estimates retained; projected cargo volume growth of 14 % over FY26‑28.
• Target price set at ₹2,130 based on 17x FY28E EV/EBITDA.
• Strong cash position (₹12,500 cr) and net debt‑to‑EBITDA of 1.8x support expansion.

Practical Implications

Investors can verify the announcement through APSEZ’s earnings release and the BSE intraday data. The raised guidance signals confidence in the company’s growth trajectory, especially in international ports and logistics integration.

Conclusion

Adani Ports’ solid Q2 results and optimistic FY27 outlook have buoyed investor sentiment, reflected in a 4 % share price rise and positive brokerage commentary.