Adani Ports Revenue History — Quarter by Quarter

Adani Ports's revenue moved from ₹6,248 Cr in Q1 FY24 to ₹10,738 Cr in Q4 FY26, a 71.9% change over 12 quarters. The table keeps each quarter linked back to the underlying earnings page.

Revenue by Quarter

Quarter	Revenue (₹ Cr)	YoY Change
Q4 FY26	₹10,738 Cr	+25%
Q3 FY26	₹9,705 Cr	—
Q2 FY26	₹9,167 Cr	+30%
Q1 FY26	₹9,126 Cr	—
Q4 FY25	₹8,488 Cr	+16%
Q3 FY25	₹7,964 Cr	+14%
Q2 FY25	₹7,067 Cr	+6%
Q1 FY25	₹7,560 Cr	+21%
Q4 FY24	₹6,896 Cr	+28%
Q3 FY24	₹6,920 Cr	+45%
Q2 FY24	₹6,646 Cr	+26%
Q1 FY24	₹6,248 Cr	+24%

What management said about revenue

Q4 FY26 · FY27 Revenue Growth 11-16%

Management guided for FY27 revenue growth of 11-16%, assuming conservative assumptions amid West Asia disruptions.

Q4 FY26 · Ambition 2031: 1 Billion Tonnes Cargo

Target to handle 1 billion tonnes of cargo by FY31, including 850 million tonnes domestic, with 20% ROCE.

Q3 FY26 · FY2026 EBITDA guidance raised to INR 22,800 crore

Full-year EBITDA guidance increased by INR 800 crore to INR 22,800 crore, including one quarter of NQXT contribution (INR 300 crore EBITDA).

Q3 FY26 · FY2029 revenue target of INR 65,500 crore and EBITDA of INR 36,500 crore

Management reiterated the five-year plan targets, with revenue of INR 65,500 crore and EBITDA of INR 36,500 crore by FY2029.

Q3 FY26 · Coal proportion expected to settle at 20-22% in five years

Management guided that coal's share of total cargo will decline to 20-22% over five years, driven by container and oil & gas growth.

Q2 FY26 · FY26 EBITDA guidance of ₹21,000-22,000 crore

Management reiterated the full-year EBITDA guidance range despite strong H1 performance, indicating confidence in sustained momentum.

Q1 FY26 · FY2026 EBITDA guidance of INR 22,000 crore maintained

Management reaffirmed the full-year EBITDA target despite Q1 volume headwinds, citing recovery in July and diversified revenue streams.

Q1 FY26 · 1 billion MT cargo target by 2030

Long-term volume target remains unchanged, with international ports expected to contribute 115 million MT.

Q1 FY26 · Container capacity expansion across multiple ports

Investments in container berths at Mundra, Hazira, Gangavaram, Vizhinjam, and Colombo are underway to capture containerized trade growth.

Q4 FY25 · FY26 Revenue Guidance: INR 36,000-38,000 crore

Management guided FY26 revenue in the range of INR 36,000-38,000 crore, implying 12-18% growth over FY25.

Q4 FY25 · Marine Business Revenue Target: INR 3,300 crore by FY27

Marine services revenue expected to cross INR 3,300 crore by FY27, driven by fleet expansion and long-term contracts.

Q3 FY25 · FY25 EBITDA guidance upgraded to ₹18,800-18,900 crore

Management raised FY25 EBITDA guidance from ₹17,000-18,000 crore to ₹18,800-18,900 crore, driven by strong execution and diversification.