Segment Wise Performance
The ports business delivered steady growth during the quarter, with domestic operations remaining stable and international ports showing strong expansion.
Domestic Ports
The port income in India for Q4 FY26 was ₹6,566 crore, against ₹6,062 crore in Q4 FY25, with a growth rate of 8%. The EBITDA of the ports in India was ₹4,704 crore for Q4 FY26, which increased by 8% from ₹4,354 crore in Q4 FY25. The EBITDA margin for Q4 FY26 stood at 71.6%, which remained stable at 71.8% for Q4 FY25.
Regarding the performance, the cargo tonnage for Q4 FY26 was 111.7 MMT, while it was 111.9 MMT in Q4 FY25.
International Ports
The international ports witnessed a more pronounced growth path. The income stood at ₹1,422 crore in Q4 FY26 from ₹901 crore in Q4 FY25, showing a growth of 58%. The EBITDA was up considerably to ₹597 crore against ₹131 crore in the prior year, representing a massive rise of 355%. The EBITDA margins were up to 42% from 14.5% in Q4 FY25, recording the highest-ever margins in international operations.
Operationally, cargo handled at international ports rose to 22 MMT from 6 MMT in Q4 FY25. The growth was supported by the consolidation of NQXT Australia from Q4 FY26 and the commencement of CWIT Colombo operations during Q1 FY26. The overall margin expansion was driven by improved profitability at both NQXT and CWIT assets.
Logistics Segment Performance
The logistics segment also showed steady improvement in both revenue and profitability during the quarter.
Logistics operations revenues were ₹1,133 crore in Q4 FY26, whereas in Q4 FY25, the revenue was ₹1,030 crore. In comparison to the previous year, this is an increase of 10% YoY. In terms of EBITDA, there has been an increase to ₹228 crore compared to ₹181 crore in the previous year, an increase of 26%.
Overall, EBITDA margins have increased for the logistics segment to 20.1% in Q4 FY26 from 17.6% in Q4 FY25.
On the basis of segments, the trucking margins have decreased to 4.5% from 8.7% in the previous year. However, the International Freight Network segment has shown improvement; their margins have gone up from 5.8% to 7.6%. Moreover, other logistics segments have shown robust results; margins have increased from 27% to 36%.
Full Year FY26 Performance of Adani Ports
The income from operations for the financial year ended March 31, 2026, was ₹38,736 crore as against ₹31,079 crore during the previous year, showing an increase of approximately 25%.
The EBITDA for FY26 is ₹22,851 crore compared to ₹19,025 crore for FY25, representing a growth rate of 20%. Profit Before Tax for FY26 is ₹14,848.56 crore compared to ₹13,029 of FY25. PAT for FY26 was recorded at ₹12,782 crore up by 16% compared to ₹11,061 of FY25
Dividend Declaration
The Board of Directors has proposed a dividend of ₹7.50 per share, having a face value of ₹2, which translates to 375% for the FY 2025-26, provided that the proposal is approved by the stockholders at the upcoming Annual General Meeting. This amount is higher than the dividend of ₹7 per share for the previous fiscal year. The cut-off date for identifying the stockholders eligible to receive dividends has been decided to be 12th June 2026.
