Delhi, August 5, 2025: India’s largest private port operator Adani Ports and Special Economic Zone Ltd (APSEZ) reported a 7% year-on-year growth in consolidated net profit for the first quarter of FY26, reaching ₹3,311 crore compared to ₹3,107 crore in the same period last year. Alongside its robust financial performance, the company announced a significant leadership restructuring with Gautam Adani transitioning from Executive Chairman to Non-Executive Chairman, effective August 5, 2025.
Strong Revenue Growth Driven by Logistics and Marine Expansion
The port giant delivered impressive revenue growth of 21% year-on-year to ₹9,126 crore in Q1 FY26, up from ₹7,560 crore in the corresponding quarter of FY25. The company’s EBITDA grew 13% to ₹5,495 crore, reflecting operational efficiency despite margin pressures.
Ashwani Gupta, Whole-time Director & CEO of APSEZ, attributed the strong performance to “extraordinary momentum” in the company’s logistics and marine businesses, which grew 2x and 2.9x respectively. The logistics segment doubled its revenue year-on-year to ₹1,169 crore from ₹571 crore, driven by accelerated ramp-up in trucking operations and international freight network expansion.
The marine segment reported remarkable 2.9x growth with revenue reaching ₹541 crore, up from ₹188 crore in Q1 FY25, supported by operations of 118 vessels.
Cargo Volume Growth Strengthens Market Position
APSEZ handled 121 million metric tonnes (MMT) of cargo in Q1 FY26, marking an 11% increase from 109 MMT in the same quarter last year. This growth helped the company expand its domestic market share to 27.8%, an increase of 60 basis points over the previous period.
The company’s container segment continued to be a key growth driver, with 22% year-on-year growth in July 2025 alone. Year-to-date through July, APSEZ handled 160.7 MMT of total cargo, representing a 10% increase, led by 20% growth in containers.
Leadership Transition Marks Strategic Shift
In a significant corporate governance move, the APSEZ Board approved the re-designation of Gautam Adani from Executive Chairman to Non-Executive Chairman with effect from August 5, 2025. Consequently, he will no longer be classified as key managerial personnel of the company.
This transition aligns with Gautam Adani’s previously announced succession planning, where the 62-year-old billionaire has indicated his intention to step down at 70 and transfer control to the next generation by the early 2030s. The Adani Group founder has outlined a comprehensive succession plan involving his sons, Karan and Jeet Adani, as well as his cousins, Pranav and Sagar Adani.
Infrastructure Expansion and Strategic Growth
APSEZ continues its aggressive expansion strategy with the company securing approvals for EXIM operations across multiple Inland Container Depots (ICDs), including facilities in Gujarat, Rajasthan, and Karnataka. The company recently commenced operations at its fully automated container terminal in Colombo Port and launched a new export terminal at Dhamra Port.
Under the leadership of Managing Director Karan Adani, APSEZ is focusing on scaling up three key verticals: marine business, logistics business, and agri-logistics business. The company plans to invest ₹13,000 crore in Vizhinjam International Seaport in phase 2, which will increase the port’s cargo handling capacity from 1.2 million TEUs to nearly 5 million TEUs by 2028.
Robust FY26 Guidance Reflects Growth Confidence
For FY26, APSEZ has provided ambitious guidance with revenue expected between ₹36,000-38,000 crore, driven by port volume growth and significant expansion in trucking (3x-4x increase) and marine revenue (2x increase). The company expects EBITDA of ₹21,000-22,000 crore and has allocated ₹11,000-12,000 crore for capital expenditure.
Port cargo volume is targeted to reach 505-515 million metric tonnes in FY26, while the marine business is projected to cross ₹3,300 crore in revenue by FY27, representing a threefold increase from FY25 levels.
With operations spanning 15 ports across India and handling 28% of the country’s total port volumes, APSEZ remains positioned as the country’s dominant port infrastructure player. The company’s strategic focus on integrated logistics solutions, operational excellence, and international expansion continues to drive its market leadership in India’s rapidly growing port sector.
Source: Business Today