Overview

• Leading brokerages Goldman Sachs, HSBC, Kotak and Jefferies issued unanimous 'BUY' ratings on Adani Ports and Special Economic Zone.
• Q1 revenue climbed 21% year-on-year to Rs 9,126 crore and net profit rose 6.5% to Rs 3,314.6 crore.
• EBITDA increased 13% to Rs 5,494 crore, while margins narrowed to 60.2% from 64.1% year-on-year.
• Port throughput expanded 11% to 121 million tonnes, driven by a fourfold surge in international volumes and capacity additions at Vizhinjam and Gopalpur.
• Gautam Adani stepped down from key managerial duties to become non-executive chairman as the board endorsed FY26 targets of Rs 36,000–38,000 crore in revenue, Rs 21,000–22,000 crore in EBITDA and Rs 11,000–12,000 crore in capex.