Adani Ports Stock Jumps 4%: Profit Up 18% and Guidance Raised

Adani Ports and Special Economic Zone (APSEZ) shares jumped about 4% on Thursday, October 29, 2026, after the company reported second-quarter profit up 18% to Rs 3,682 crore, raised its full-year guidance, and drew a string of broker upgrades. The stock was the biggest gainer among Sensex constituents in early trade, as investors focused on a surge in its international ports business rather than the headline numbers alone.

What happened?

Adani Ports reported consolidated results for the quarter ended September 30, 2026, on October 28. Net profit rose 18% year on year to Rs 3,682 crore, from Rs 3,120 crore a year earlier. Revenue rose 24% to Rs 11,340 crore from Rs 9,167 crore, and EBITDA climbed 23% to Rs 6,807 crore from Rs 5,550 crore.

Shares rose more than 2% in early trade, trading at Rs 1,800.60, up 2.23%, at 9:18 a.m., and extended gains to about 4% later in the session. One report put the price at Rs 1,851, about 2% below its 52-week high of Rs 1,891.10 hit in July.

Why is the stock blowing up?

The standout was international ports. That segment's EBITDA surged 236% year on year, with margins hitting a record 47.7%. Reports attributed the jump to the ramp-up of the Colombo West International Terminal and the consolidated contribution from the North Queensland Export Terminal in Australia. International ports revenue rose 71%, according to broker notes cited after the results.

Domestic ports remained the larger business, helped by higher cargo volumes and improved realisation. Together with logistics and marine services, the group delivered growth across profit, revenue and EBITDA at similar rates — a cleaner pattern than a profit jump driven only by one-off items.

Guidance raised for FY27

Management raised its FY27 revenue guidance by Rs 1,000 crore to Rs 44,000-46,000 crore and its EBITDA guidance to Rs 26,000-27,000 crore. It also lifted capital expenditure guidance by Rs 3,000 crore to Rs 15,000-17,000 crore, as it advances its longer-term expansion plans.

The company also reported a cash balance of Rs 12,502 crore and a net debt-to-EBITDA ratio of 1.8 times, with half-year operating cash flow of Rs 13,327 crore.

What are analysts saying?

Several brokerages raised targets after the beat. Emkay Global maintained a Buy rating and raised its target to Rs 2,200 from Rs 2,100, noting revenue and EBITDA beat estimates by 3-4%. Jefferies maintained Buy and raised its target to Rs 2,180 from Rs 2,160, saying EBITDA exceeded expectations by 4%, driven mainly by international operations. Elara Securities upgraded the stock to Buy from Accumulate, raising its target to Rs 2,107 from Rs 1,883 and lifting FY28 and FY29 earnings estimates.

Those are analyst opinions reported by financial outlets, not guarantees. This article reports what happened and how the market reacted; it does not recommend buying, selling or holding any security.

How did the wider Indian market trade?

Adani Ports led the Sensex early on a broadly firmer morning. The Sensex rose 245.43 points, or 0.34%, to 73,491.46 in morning trade, while the Nifty rose 62.55 points, or 0.28%, to 22,761.40, helped by buying in Reliance Industries and foreign fund inflows. Foreign institutional investors bought equities worth Rs 871.83 crore on Wednesday, while domestic institutional investors bought Rs 643.35 crore, according to exchange data cited by PTI.

What is next?

Investors will watch whether international volumes keep ramping at Colombo and in Australia, whether domestic cargo growth holds up, and whether the higher capex plan stays within the company's debt guidance. The raised FY27 targets set a higher bar for the second half: revenue and EBITDA now need to land inside the new ranges for the upgrade cycle to continue.

Sources

• The Hindu BusinessLine — Adani Ports jumps 4% as analysts pile on with Buy calls after Q2 beat
• TradingView / Moneycontrol — Adani Ports shares gain after Q2 profit rises 18%; Emkay, Jefferies raise targets
• The Sen Times / PTI — Sensex, Nifty rise in early trade on Reliance buying, foreign inflows
• Angel One — Adani Ports share price in focus after Q2 FY27 earnings results

FAQ

How much did Adani Ports profit rise in Q2 FY27?

Consolidated net profit rose 18% year on year to Rs 3,682 crore, from Rs 3,120 crore a year earlier, on revenue up 24% to Rs 11,340 crore.

Why did Adani Ports shares jump on October 29, 2026?

Shares jumped about 4% after the Q2 beat, a 236% surge in international ports EBITDA to a record 47.7% margin, raised FY27 guidance, and multiple broker target upgrades.

What guidance did Adani Ports raise?

It raised FY27 revenue guidance to Rs 44,000-46,000 crore and EBITDA guidance to Rs 26,000-27,000 crore, and lifted capex guidance to Rs 15,000-17,000 crore.

Which brokers raised their Adani Ports targets?

Emkay raised its target to Rs 2,200, Jefferies to Rs 2,180, and Elara upgraded to Buy with a Rs 2,107 target, according to reports after the results.