Adani Ports and Special Economic Zone Limited (ADANIPORTS) — Financial Results

Investor Takeaways

Reported consolidated revenue of ₹10,737.58 Cr in Q4FY26 with net profit of ₹3,308.3 Cr

OPM expanded to 56.06% in Q4FY26 from 60.22% in Q1FY26

S&P upgraded long-term issuer rating to BBB, matching India's sovereign rating

⚠️ No specific risks identified in this filing

Overall Tone: Neutral based on the numbers only.

Key Financial Highlights

Metric	Value	YoY Change
Revenue	₹10,737.58 Cr	N/A
Net Profit	₹3,308.3 Cr	N/A
EBITDA	Not available	N/A
EPS	[amount context mismatch]	N/A
OPM	56.06%	N/A

What Changed

The filing highlights S&P Global Ratings' upgrade of Adani Ports and Special Economic Zone Limited's long-term issuer credit rating from BBB- to BBB, aligning it with India's sovereign rating. This upgrade reflects strong cash flows and a resilient business model, emphasizing the company's tightened leverage and diversified asset portfolio. The rating action underscores confidence in financial discipline and operational resilience amid global trade dynamics. Quarterly performance shows consistent profitability with revenue growth from ₹9,126.14 Cr in Q1FY26 to ₹10,737.58 Cr in Q4FY26, while OPM remained stable above 56% across all quarters. The current fundamentals indicate a market capitalization of ₹4,13,583.7 Cr with a P/E ratio of 30.83, ROE of 7.75%, and ROCE of 12.49%.

Peer Comparison

Company	P/E	ROE	ROCE	Market Cap (₹ Cr)
ADANIPORTS	30.83	7.75%	12.49%	4,13,583.7
INDIGO	27.38	N/A%	N/A%	1,66,838.2
GMRAIRPORT	N/A	N/A%	N/A%	1,01,989.15
JSWINFRA	41.54	N/A%	N/A%	56,091.04

ADANIPORTS demonstrates stronger profitability metrics (ROE and ROCE) compared to peers with available data, though its P/E ratio is moderately higher than INDIGO.