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% |