India's Adani Ports posts higher profit on domestic demand
- Port operators globally face a tougher trade environment as tariffs, geopolitical tensions and longer shipping routes strain supply chains
Adani Ports and Special Economic Zone reported a more than 9% increase in first-quarter profit on Wednesday as strong cargo volumes and steady domestic demand helped India’s largest private port operator offset disruption in global trade.
Consolidated net profit rose to 36.2 billion rupees ($378.37 million) in the quarter ended June 30 from 33.15 billion rupees a year earlier. Revenue from operations rose 19% to 108.21 billion rupees.
The results show how a resilient domestic economy is shielding the company from a fragmented global supply chain, even as tariffs, geopolitical tensions and longer shipping routes strain the wider logistics sector.
Port operators globally face a tougher trade environment as tariffs, geopolitical tensions and longer shipping routes strain supply chains.
Adani Ports has been expanding abroad and in inland logistics, adding partnerships, land and technology as it seeks growth beyond ports.
In June, Adani Ports agreed to sell a 49% stake in a deep-water port in south India to Switzerland’s MSC for about $1.34 billion, a deal seen by analysts as de-risking the project while securing long-term cargo volumes.
Adani Ports to sell 49% stake in Indian port to MSC for $1.4 billion
The port in Kerala is central to Adani’s ambitions in global trans-shipment. Once fully scaled up, analysts expect the port to eventually rival established hubs such as Colombo and Abu Dhabi.
The Indian government’s focus on infrastructure development, including improving port connectivity, remains a key tailwind for port operators such as Adani.
Shares of Adani Ports were down 3.1% in afternoon trading, however, while the benchmark Nifty 50 Index rose 1.1%.
Total cargo volumes rose 14% to 138.1 million metric tons in the June quarter. Domestic volumes increased 2% to 115.3 million tons, making up 83.5% of the total.
Adani Ports, which operates 19 ports across four countries, expects full-year 2027 revenue between 430 billion rupees and 450 billion rupees. It has forecast 2026 revenue between 360 billion rupees and 380 billion rupees.
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