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Adani Ports released operational update for June 2026

ICICIdirect Research 02 Jul 2026 DISCLAIMER

News:  Adani Ports released operational update for June 2026, cargo volume grew 13% YoY to 46.8 MMT. This was led by containers and liquid which grew 18% and 11% YoY. On a YTD (April26-June26) basis the total cargo handled was up 15% YoY at 138.1 MMT, led by Containers and Liquids which grew 18% and 12% YoY respectively. Whereas, Rail volume declined 22% YoY to 48650 TEU (Twenty foot equivalent unit). For Q1FY26 the rail volume declined 19% YoY at 145310 TEU.

View: The company achieved strong container volume growth YoY during June’26 and Q1FY27, despite geopolitical tensions pertaining to Middle East war. It has pegged its longer term volume growth guidance at 1.5x of India’s GDP growth. Overall, it plans to achieve 1 billion metric tonne (FY26 – 500 MMT) by FY31. APSEZ has guided for revenues of ₹ 43000-45000 crore (+11-16% YoY), EBITDA of ₹ 25000-26000 crore (+9-14% YoY) and capex of ₹ 12000-14000 crore for FY27.

Impact: Positive

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