Adani Ports' 18% net profit rise to Rs 3,682 crore signals strong Q2 FY27 earnings.
Context
What happened: Adani Ports and Special Economic Zone reported an 18% rise in consolidated net profit for the September quarter, with revenue up 24% year on year.
Key numbers: Net profit Rs 3,682 crore; revenue Rs 11,340.4 crore; net profit up 18%; revenue up 24%; FY27 revenue and capital expenditure targets revised upward.
Why it matters: The company attributed the growth to a spike in cargo volumes, robust domestic operations and international growth, and raised its FY27 revenue and capital expenditure targets.
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