Adani Ports & Special Economi Share Price ₹1,765

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Adani Ports & Special Economic Zone Ltd

Quarter-by-quarter operating performance

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales +	5,797	6,248	6,646	6,920	6,896	7,560	7,067	7,964	8,488	9,126	9,167	9,705	10,738
Expenses +	2,526	2,558	2,982	2,724	2,887	2,820	2,700	3,161	3,482	3,631	3,827	3,919	4,718
Operating Profit	3,271	3,689	3,664	4,196	4,009	4,739	4,367	4,802	5,006	5,495	5,340	5,786	6,020
OPM %	56%	59%	55%	61%	58%	63%	62%	60%	59%	60%	58%	60%	56%
Other Income +	-885	384	351	507	-70	349	254	247	426	453	837	189	900
Interest	623	633	520	976	619	484	659	923	715	846	1,223	980	1,605
Depreciation	846	950	974	985	979	1,012	1,077	1,106	1,185	1,255	1,264	1,384	1,615
Profit before tax	917	2,491	2,521	2,741	2,341	3,593	2,885	3,020	3,532	3,848	3,690	3,611	3,700
Tax %	-24%	15%	30%	19%	14%	14%	16%	17%	14%	14%	15%	16%	11%
Net Profit +	1,139	2,119	1,762	2,208	2,015	3,107	2,413	2,518	3,023	3,311	3,120	3,043	3,308
EPS in Rs	5.36	9.79	8.09	10.22	9.44	14.41	11.32	11.67	13.95	15.34	14.39	13.25	14.45

Financials of Adani Ports & Special Economic Zone Ltd

Annual income statement trend

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales +	6,152	7,109	8,439	11,323	10,925	11,873	12,550	17,119	20,852	26,711	30,475	38,736
Expenses +	2,250	2,532	3,021	4,166	4,330	5,926	3,862	7,591	9,905	11,121	12,335	15,884
Operating Profit	3,902	4,577	5,418	7,157	6,596	5,947	8,688	9,528	10,947	15,589	18,141	22,851
OPM %	63%	64%	64%	63%	60%	50%	69%	56%	52%	58%	60%	59%
Other Income +	686	730	1,037	844	1,289	1,928	1,967	1,832	327	671	1,800	2,169
Interest	1,175	1,124	1,116	1,579	1,385	1,951	2,255	2,544	2,363	2,733	2,532	4,654
Depreciation	912	1,063	1,160	1,188	1,373	1,680	2,107	3,099	3,425	3,888	4,379	5,517
Profit before tax	2,501	3,119	4,179	5,234	5,126	4,244	6,292	5,717	5,487	9,639	13,030	14,849
Tax %	7%	9%	7%	30%	21%	11%	20%	13%	2%	16%	15%	14%
Net Profit +	2,324	2,856	3,902	3,690	4,045	3,785	5,049	4,953	5,391	8,104	11,061	12,782
EPS in Rs	11.18	13.99	18.89	17.74	19.27	18.52	24.58	23.13	24.58	37.55	51.35	55.58
Dividend Payout %	10%	8%	7%	11%	1%	17%	20%	22%	20%	16%	14%	13%

Financials of Adani Ports & Special Economic Zone Ltd

Capital structure and asset base

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	414	414	414	414	414	406	406	422	432	432	432	461
Reserves	10,351	13,091	17,112	20,489	23,958	25,051	30,035	41,399	44,957	52,346	61,837	95,665
Borrowings +	17,776	22,342	22,214	22,370	27,712	30,242	35,855	47,935	53,434	49,470	51,621	63,399
Other Liabilities +	3,541	2,538	3,629	3,960	4,228	6,217	8,285	8,572	13,740	14,751	19,553	25,790
Total Liabilities	32,082	38,385	43,369	47,233	56,311	61,917	74,582	98,328	112,563	116,999	133,443	185,315
Fixed Assets +	20,527	20,883	21,054	22,670	28,121	32,715	48,291	62,553	72,224	75,148	89,616	131,669
CWIP	1,276	1,967	4,514	4,545	4,483	3,216	3,697	4,023	6,637	10,936	11,706	12,672
Investments	260	545	1,161	1,079	782	1,178	2,236	3,161	7,432	4,289	4,659	5,449
Other Assets +	10,020	14,990	16,641	18,938	22,924	24,808	20,358	28,591	26,271	26,627	27,461	35,525
Total Assets	32,082	38,385	43,369	47,233	56,311	61,917	74,582	98,328	112,563	116,999	133,443	185,315

Financials of Adani Ports & Special Economic Zone Ltd

Operating, investing and financing cash movement

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	3,057	2,381	4,063	5,608	6,029	7,402	7,556	10,420	11,900	15,018	17,226	20,356
Cash from Investing Activity +	-2,485	-4,153	-2,629	-3,846	-4,368	-749	-14,064	-5,493	-16,716	-6,947	-9,788	-13,191
Cash from Financing Activity +	-237	2,170	-1,325	-1,889	2,313	-4,256	3,514	-586	-2,734	-7,800	-6,916	-5,483
Net Cash Flow	335	398	109	-127	3,975	2,397	-2,994	4,341	-7,550	271	523	1,682
Free Cash Flow	1,828	270	315	2,910	3,143	3,843	5,208	6,774	2,962	7,628	9,228	5,074
CFO/OP	91%	68%	88%	92%	108%	139%	97%	119%	116%	104%	103%	96%

Financials of Adani Ports & Special Economic Zone Ltd

Working capital efficiency and return ratios

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	76	125	116	139	93	98	85	54	69	50	53	60
Inventory Days
Days Payable
Cash Conversion Cycle	76	125	116	139	93	98	85	54	69	50	53	60
Working Capital Days	29	-116	107	219	-74	-6	-5	-85	-56	-101	-114	-21
ROCE %	14%	13%	14%	17%	14%	12%	14%	11%	10%	13%	14%	14%

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