Adani Ports and Special Economic Zone Limited — Quarter ended March 31, 2026 (Consolidated and Standalone)
Adani Ports and Special Economic Zone Limited — Consolidated Financial Results for the quarter and year ended March 31, 2026 (₹ in crore)
| Sr. No. | Particulars | Quarter Ended March 31, 2026 Unaudited (Refer Note 14) | Quarter Ended December 31, 2025 Unaudited | Quarter Ended March 31, 2025 Unaudited (Refer Note 14) | Year Ended March 31, 2026 Audited | Year Ended March 31, 2025 Audited |
|---|---|---|---|---|---|---|
| 1 | Income | |||||
| a. Revenue from Operations | 10,737.58 | 9,704.59 | 8,488.44 | 38,735.77 | 30,475.33 | |
| b. Gain arising on Infrastructure Development – sale of stake in terminal asset (refer note 8) | – | – | – | – | 603.27 | |
| c. Other Income | 751.87 | 234.08 | 281.19 | 2,118.59 | 1,304.48 | |
| Total Income | 11,489.45 | 9,938.67 | 8,769.63 | 40,854.36 | 32,383.08 | |
| 2 | Expenses | |||||
| a. Operating Expenses | 3,331.51 | 2,880.18 | 2,307.86 | 11,234.33 | 8,069.75 | |
| b. Employee Benefits Expense | 636.15 | 563.45 | 530.16 | 2,354.32 | 2,008.65 | |
| c. Finance Costs | ||||||
| – Interest and Bank Charges | 1,376.51 | 835.61 | 675.36 | 3,832.70 | 2,778.00 | |
| – Derivative Loss / (Gain) (net) | 26.56 | 225.72 | (53.58) | 812.33 | (246.18) | |
| – Foreign Exchange (Gain)/Loss (net) | 202.15 | (81.61) | 93.14 | 8.95 | 280.85 | |
| d. Depreciation and Amortisation Expense | 1,614.64 | 1,384.31 | 1,184.73 | 5,517.38 | 4,378.93 | |
| e. Other Expenses | 750.14 | 474.93 | 644.46 | 2,295.71 | 1,975.55 | |
| Total Expenses | 7,937.66 | 6,282.59 | 5,382.13 | 26,055.72 | 19,245.56 | |
| 3 | Profit before share of profit from Joint Ventures, exceptional items and tax (1-2) | 3,551.79 | 3,656.08 | 3,387.50 | 14,798.64 | 13,137.52 |
| 4 | Share of profit from Joint Ventures (net) | 209.79 | 100.72 | 168.84 | 257.62 | 141.56 |
| 5 | Profit before exceptional items and tax (3+4) | 3,761.58 | 3,756.80 | 3,556.34 | 15,056.26 | 13,279.08 |
| 6 | Exceptional items (refer note 7) | (61.62) | (146.08) | (24.41) | (207.70) | (249.46) |
| 7 | Profit before tax (5+6) | 3,699.96 | 3,610.72 | 3,531.93 | 14,848.56 | 13,029.62 |
| 8 | Tax Expense (net) | 391.66 | 567.79 | 508.83 | 2,066.53 | 1,968.36 |
| – Current Tax | 557.55 | 522.50 | 601.31 | 2,313.13 | 2,221.87 | |
| – Deferred Tax | (165.89) | 45.29 | (92.48) | (246.60) | (253.51) | |
| 9 | Profit for the period/year (7-8) | 3,308.30 | 3,042.93 | 3,023.10 | 12,782.03 | 11,061.26 |
| Attributable to: | ||||||
| Equity holders of the parent | 3,328.96 | 3,053.61 | 3,014.22 | 12,806.21 | 11,092.31 | |
| Non-controlling interests | (20.66) | (10.68) | 8.88 | (24.18) | (31.05) | |
| 10 | Other Comprehensive Income | |||||
| Items that will not be reclassified to profit or loss | ||||||
| – Re-measurement (Loss)/Gain on defined benefit plans (net of tax) | (7.79) | (17.56) | 4.43 | (31.58) | 8.27 | |
| – Net Loss on FVTOCI Investments (net of tax) | 26.53 | – | (84.02) | 26.53 | (84.02) | |
| Items that will be reclassified to profit or loss | ||||||
| – Exchange differences on translation of foreign operations | 2,027.00 | 129.24 | (21.41) | 2,507.28 | 76.28 | |
| – Effective portion of Loss on designated portion of cash flow hedge (net of tax) | (652.76) | (147.06) | 25.42 | (1,264.59) | (293.15) | |
| – Share in Other Comprehensive Income/(Loss) of joint ventures (net of tax) | 24.83 | 16.16 | (12.99) | (0.30) | (13.02) | |
| Total Other Comprehensive Income (net of tax) | 1,417.81 | (19.22) | (88.57) | 1,237.34 | (305.64) | |
| Attributable to: | ||||||
| Equity holders of the parent | 1,238.67 | (54.54) | (79.48) | 914.83 | (342.86) | |
| Non-controlling interests | 179.14 | 35.32 | (9.09) | 322.51 | 37.22 | |
| 11 | Total Comprehensive Income for the period/year (9+10) | 4,726.11 | 3,023.71 | 2,934.53 | 14,019.37 | 10,755.62 |
Adani Ports and Special Economic Zone Limited — Consolidated Balance Sheet (₹ in crore)
| Particulars | As at March 31, 2026 (Audited) | As at March 31, 2025 (Audited) |
|---|---|---|
| ASSETS | ||
| Non-Current Assets | ||
| Property, Plant and Equipment | 93,242.90 | 62,394.43 |
| Right-of-Use Assets | 8,761.08 | 6,177.54 |
| Capital Work-in-Progress | 12,672.13 | 11,592.19 |
| Investment Property | 1,859.01 | 1,459.16 |
| Goodwill | 9,735.82 | 7,093.59 |
| Other Intangible Assets | 18,053.69 | 12,491.60 |
| Intangible Assets under development | 16.92 | 113.91 |
| Investments accounted using Equity Method | 3,340.86 | 3,082.64 |
| Financial Assets | ||
| – Investments | 853.14 | 824.93 |
| – Loans | 98.61 | 24.00 |
| – Loans – Joint Venture Entities | 1,014.92 | 704.15 |
| Other Financial Assets | ||
| – Bank Deposits having maturity over twelve months | 2,455.23 | 1,633.51 |
| – Other Financial Assets other than above | 3,561.05 | 3,323.67 |
| Deferred Tax Assets (Net) | 2,216.23 | 1,889.58 |
| Other Non-Current Assets | 5,458.34 | 3,583.21 |
| Total Non-Current Assets | 1,63,339.93 | 1,16,388.11 |
| Current Assets | ||
| Inventories | 685.00 | 521.80 |
| Financial Assets | ||
| – Investments | 1,254.65 | 751.88 |
| – Trade Receivables | 6,382.54 | 4,432.36 |
| – Cash and Cash Equivalents | 5,161.55 | 3,406.32 |
| – Bank Balance other than Cash and Cash Equivalents | 3,321.96 | 3,199.65 |
| – Loans | 88.00 | 70.60 |
| – Loans – Joint Venture Entities | 2.37 | 102.57 |
| – Other Financial Assets | 2,165.34 | 4,471.80 |
| Other Current Assets | 2,913.42 | 1,800.39 |
| Total Current Assets | 21,974.83 | 18,757.37 |
| Assets Held For Sale | – | 186.75 |
| Total Assets | 1,85,314.76 | 1,35,332.23 |
| EQUITY AND LIABILITIES | ||
| Equity | ||
| Equity Share Capital | 460.79 | 432.03 |
| Other Equity | 95,664.51 | 62,003.36 |
| Equity attributable to Equity holders of the parent | 96,125.30 | 62,435.39 |
| Non-Controlling Interests | 2,856.18 | 2,537.95 |
| Total Equity | 98,981.48 | 64,973.34 |
| Liabilities | ||
| Non-Current Liabilities | ||
| Financial Liabilities | ||
| Borrowings | 50,424.16 | 35,830.68 |
| Lease Liabilities | 7,786.56 | 5,389.61 |
| Other Financial Liabilities | 589.45 | 207.45 |
| Provisions | 1,453.81 | 1,149.36 |
| Deferred Tax Liabilities (net) | 7,563.55 | 4,653.26 |
| Other Non-Current Liabilities | 2,755.40 | 2,142.54 |
| Total Non-Current Liabilities | 70,572.93 | 49,372.90 |
| Current Liabilities | ||
| Financial Liabilities | ||
| Borrowings | 4,678.81 | 9,979.35 |
| Lease Liabilities | 509.46 | 254.56 |
| Trade Payables | ||
| – total outstanding dues of micro enterprises and small enterprises | 242.31 | 166.73 |
| – total outstanding dues of creditors other than micro enterprises and small enterprises | 2,493.93 | 2,553.77 |
| Other Financial Liabilities | 6,147.82 | 5,359.74 |
| Other Current Liabilities | 1,449.59 | 2,242.68 |
| Provisions | 138.62 | 236.77 |
| Current Tax Liabilities (net) | 99.81 | 144.84 |
| Total Current Liabilities | 15,760.35 | 20,938.44 |
| Liabilities directly associated with Assets classified as Held for Sale | – | 47.55 |
| Total Liabilities | 86,333.28 | 70,358.89 |
| Total Equity and Liabilities | 1,85,314.76 | 1,35,332.23 |
Adani Ports and Special Economic Zone Limited — Consolidated Statement of Cash Flows (₹ in crore)
| Sr. No. | Particulars | Year Ended March 31, 2026 Audited | Year Ended March 31, 2025 Audited |
|---|---|---|---|
| A | Cash Flows from Operating Activities | ||
| Profit before Tax | 14,848.56 | 13,029.62 | |
| Adjustments for: | |||
| Share of profit from Joint Ventures (net) | (257.62) | (141.56) | |
| Depreciation and Amortisation Expense | 5,517.38 | 4,378.93 | |
| Unclaimed Liabilities / Excess Provision Written Back | (56.83) | (43.52) | |
| Cost of Assets transferred under Finance Lease & Infrastructure Development | 105.48 | 7.12 | |
| Recognition of Deferred Income under Long Term Land Lease / Infrastructure Usage Agreements | (83.37) | (82.61) | |
| Amortisation of Government Grant | (36.15) | (23.82) | |
| Finance Costs | 3,832.70 | 2,778.00 | |
| Effect of Exchange Rate Change | 1,835.06 | 719.33 | |
| Derivative Loss/(Gain) (net) | 812.33 | (246.18) | |
| Gain on fair valuation of Financial Instruments | (0.46) | (2.27) | |
| Interest Income | (1,394.50) | (687.98) | |
| Dividend Income | (382.14) | (251.87) | |
| Net Gain on Sale of Current Investments | (39.39) | (20.52) | |
| Exceptional items (refer note 7) | 207.70 | 249.46 | |
| Gain on loss of control of subsidiary | – | (603.27) | |
| Gain on settlement of proceed from assets classified as held for sale | (53.39) | – | |
| Diminution in value of Inventories | 0.31 | 8.61 | |
| Amortisation of fair valuation adjustment on Security Deposit | 0.13 | 2.67 | |
| Loss/(Gain) on Sale / Discard of Property, Plant and Equipment (net) | 16.68 | (8.36) | |
| Operating Profit before Working Capital Changes | 24,872.48 | 19,061.78 | |
| Adjustments for: | |||
| Increase in Trade Receivables | (1,245.13) | (450.99) | |
| Increase in Inventories | (163.51) | (37.35) | |
| Increase in Financial Assets | (168.60) | (94.19) | |
| Increase in Other Assets | (1,076.80) | (759.97) | |
| (Decrease)/Increase in Provisions | (95.71) | 247.27 | |
| (Decrease)/Increase in Trade Payables | (179.98) | 87.89 | |
| Increase in Financial Liabilities | 1,191.29 | 181.73 | |
| (Decrease)/Increase in Other Liabilities | (1,263.45) | 455.15 | |
| Cash Generated from Operations | 21,870.59 | 18,691.32 | |
| Direct Taxes paid (Net of Refunds) | (1,514.34) | (1,465.04) | |
| Net Cash generated from Operating Activities | 20,356.25 | 17,226.28 | |
| B | Cash Flows from Investing Activities | ||
| Purchase of Property, Plant and Equipment (including capital work-in-progress, other intangible assets, intangible assets under development, capital advances and capital creditors) | (15,320.31) | (8,048.92) | |
| Proceeds from Assets considered as held for sale | 37.60 | – | |
| Proceeds from Sale of Property, Plant and Equipment | 38.10 | 50.72 | |
| Refund of Deposit / Deposit (given) against Capital Commitments (net) | 266.00 | (266.00) | |
| Refund/(Payment) against acquisition of subsidiaries | 2,195.36 | (5,399.91) | |
| Proceeds from Sale of stake in Joint Venture | 0.05 |