Adani Ports and Special Economic Zone Ltd. Q3 FY2026 results: revenue ₹9,705 crore, up 21.9% on the year
Adani Ports and Special Economic Zone Ltd. (ADANIPORTS) reported consolidated revenue from operations of ₹9,705 crore for Q3 FY2026, the quarter ended 31 December 2025, up 21.9% on the same quarter a year earlier. Profit after tax was ₹3,043 crore, up 20.8% on the year, and earnings per share ₹14.04. The figures are the company's own, from the un-audited results it filed with NSE on 3 February 2026.
The quarter, against the one before and a year earlier
| Line | Q3 FY2026 | Q2 FY2026 | Q3 FY2025 | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 9,705 | 9,167 | 7,964 | +21.9% |
| Other income | 234 | 837 | 223 | +4.8% |
| Total income | 9,939 | 10,004 | 8,187 | +21.4% |
| Cost of materials consumed | 0 | 0 | 0 | n/a |
| Purchases of stock-in-trade | 0 | 0 | 0 | n/a |
| Changes in inventories | 0 | 0 | 0 | n/a |
| Employee benefit expense | 563 | 586 | 503 | +12.0% |
| Finance costs | 980 | 1,223 | 923 | +6.1% |
| Depreciation, depletion and amortisation | 1,384 | 1,264 | 1,106 | +25.2% |
| Other expenses | 475 | 535 | 2,658 | -82.1% |
| Total expenses | 6,283 | 6,104 | 5,191 | +21.0% |
| Profit before exceptional items and tax | 3,656 | 3,900 | 2,996 | +22.0% |
| Exceptional items | -146 | 0 | -28 | n/a |
| Profit before tax | 3,510 | 3,900 | 2,969 | +18.2% |
| Current tax | 522 | 642 | 487 | +7.2% |
| Deferred tax | 45 | -72 | 14 | +223.3% |
| Total tax | 568 | 570 | 501 | +13.2% |
| Profit after tax | 3,043 | 3,120 | 2,518 | +20.8% |
| Attributable to owners of the parent | 3,054 | 3,109 | 2,520 | +21.2% |
| Other comprehensive income | -19 | -262 | -152 | n/a |
| Total comprehensive income | 3,024 | 2,859 | 2,366 | +27.8% |
| EPS, basic | ₹14.04 | ₹14.39 | ₹11.67 | +20.3% |
| EPS, diluted | ₹14.04 | ₹14.39 | ₹11.67 | +20.3% |
₹ crore except per share.
Leverage, as the company states it
| Line | Q3 FY2026 | Q2 FY2026 | Q3 FY2025 | Change on the year |
|---|---|---|---|---|
| Debt to equity | 0.82 | 0.76 | 0.01 | |
| Debt service coverage | 1.39 | 6.56 | 0.02 | |
| Interest service coverage | 6.32 | 6.72 | 0.06 |
Debt to equity, debt service coverage and interest service coverage are the figures the company prints in its result statement under the listing regulations.
Segments, Q3 FY2026
| Segment | Revenue ₹ crore | Share of segment revenue | Result ₹ crore | Result over revenue |
|---|---|---|---|---|
| Port and SEZ activities | 8,331 | 85.3% | 4,338 | 52.1% |
| Others | 1,437 | 14.7% | 164 | 11.4% |
| Assets/Liabilities held for sale | 0 | n/a | 0 | n/a |
Segment revenue and segment result as the company filed them, before inter-segment eliminations; share and result over revenue are arithmetic on those.
Quarterly results, the last 12 quarters
| Q1 FY2024 | Q2 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 6,248 | 6,646 | 6,920 | 6,896 | 7,560 | 7,067 | 7,964 | 9,126 | 9,167 | 9,705 | 10,738 | 10,821 |
| Expenses | 4,065 | 4,477 | 4,588 | 4,451 | 4,239 | 4,434 | 5,191 | 5,732 | 6,104 | 6,283 | 7,938 | 7,079 |
| Operating profit | 3,765 | 3,664 | 4,293 | 4,044 | 4,848 | 4,369 | 4,802 | 5,495 | 5,550 | 5,786 | 6,020 | 6,541 |
| OPM % | 60% | 55% | 62% | 59% | 64% | 62% | 60% | 60% | 61% | 60% | 56% | 60% |
| Other income | 384 | 305 | 507 | 303 | 495 | 305 | 223 | 296 | 837 | 234 | 752 | 853 |
| Interest | 633 | 520 | 976 | 619 | 515 | 659 | 923 | 846 | 1,223 | 980 | 1,605 | 1,087 |
| Depreciation | 950 | 974 | 985 | 979 | 1,012 | 1,077 | 1,106 | 1,255 | 1,264 | 1,384 | 1,615 | 1,711 |
| Exceptional items | 0 | 0 | 0 | -374 | -145 | -52 | -28 | 0 | 0 | -146 | -62 | 0 |
| Profit before tax | 2,566 | 2,475 | 2,839 | 2,376 | 3,670 | 2,887 | 2,969 | 3,690 | 3,900 | 3,510 | 3,490 | 4,595 |
| Tax % | 14% | 31% | 19% | 14% | 13% | 16% | 17% | 15% | 15% | 16% | 11% | 14% |
| Net profit | 2,119 | 1,762 | 2,208 | 2,015 | 3,107 | 2,413 | 2,518 | 3,311 | 3,120 | 3,043 | 3,308 | 3,650 |
| EPS in ₹ | ₹9.79 | ₹8.09 | ₹10.22 | ₹9.44 | ₹14.41 | ₹11.32 | ₹11.67 | ₹15.34 | ₹14.39 | ₹14.04 | ₹14.45 | ₹15.71 |
| Filing | NSE | NSE | NSE | NSE | NSE | NSE | NSE | Filing | Filing | Filing | Filing | Filing |
₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company.
Source
Un-audited consolidated results for the quarter ended 31 December 2025, filed with NSE on 3 February 2026: the result statement. All of Adani Ports and Special Economic Zone Ltd.'s results: NSE company page.
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