Adani Ports & Special Economic Zone Ltd Share Price – NSE  / BSE

Marine Port & Services, Mid Cap

The MoU, signed during French President Emmanuel Macron?s visit to India, proposes the creation of an IMEC Ports Club to coordinate key ports along the India?Middle East?Europe Economic Corridor (IMEC), strengthening connectivity between India and the EU. The move complements the recently signed India?EU Free Trade Agreement, described by Prime Minister Narendra Modi as ?the mother of all deals.?

Launched at the 2023 G20 Summit, IMEC is a 6,000-km multimodal trade corridor linking India and Europe through integrated maritime, rail, digital, and clean-energy networks. APSEZ?s eastern ports at Mundra and Hazira form a multimodal hub connecting South Asia to West Asia, while Marseille Fos anchors the western European gateway, adding around 70 million tonnes of capacity to the corridor.

Under the partnership, the two ports will focus on promoting IMEC as a sustainable and competitive trade route, technical exchanges in smart-port technologies, data interoperability, cybersecurity, low-carbon fuels, and developing the Mundra?Marseille Fos Green Maritime Corridor. The IMEC Ports Club will institutionalise dialogue among corridor ports and coordinate policy and investment frameworks.

The collaboration is expected to facilitate India?EU trade flows and strengthen long-term connectivity along the IMEC route.

?India has already taken a leadership role in advancing this corridor, and with the conclusion of the India?EU Free Trade Agreement, trade between the participating countries is expected to grow manifold,? said Ashwani Gupta, Whole-time Director & CEO, APSEZ. ?At APSEZ, our ports in Hazira and Mundra on India?s western coast have already established a seamless pathway across the first and middle legs of the corridor. With this MoU with the Port of Marseille Fos in France, we have now successfully connected the final leg to Europe. This partnership will significantly accelerate the exchange of information and materials among all participating nations, further strengthening economic cooperation and supply-chain resilience.?

Herv? Martel, CEO of the Port of Marseille Fos, added: ?We are pleased to strengthen our partnership with APSEZ at a moment when the IMEC corridor is entering a decisive phase. India and Marseille stand at the two extremities of this future trade backbone, giving both ports a major responsibility in structuring and energizing this new route. Together, we intend to mobilize and federate the ports involved, and to act as strong advocates of a more efficient, resilient and sustainable connection between our regions.?

Adani Ports and Special Economic Zone (APSEZ) is the largest private port operator in India. APSEZ operates a portfolio of 15 domestic ports/terminals with an international presence at 4 global ports/terminals. Along with its port operations, it has its wide logistics network and offers various port-based marine services to its owned ports/terminals as well as other ports.

The company?s consolidated net profit jumped 24.9% to Rs 3,176.72 crore on 21.9% rise in revenue from operations to Rs 9,704.59 crore in Q3 FY26 over Q3 FY25.

Shares of Adani Ports and Special Economic Zone fell 1.14% to Rs 1,548.75 on the BSE.

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Adani Ports and Special Economic Zone (APSEZ) and the Port of Marseille Fos, France's leading port and the Mediterranean's premier gateway, have signed a Memorandum of Understanding (MoU) to deepen cooperation on trade facilitation, port innovation, and energy transition.

This partnership proposes the creation of an IMEC Ports Club to strengthen coordination among key ports along the India-Middle East-Europe Economic Corridor (IMEC) route, reinforcing connectivity between India and the European Union. This completes the IMEC pathway for India-EU trade, that has been boosted by the FTA between India and the EU, termed as 'the mother of all deals' by the Hon'ble Prime Minister of India Shri Narendra Modi.

The MoU was signed during the visit of French President Emmanuel Macron, underscoring the expanding India-France strategic partnership and aligning it with the broader IMEC and India-EU trade vision. Launched at the 2023 G20 Summit in New Delhi, the India Middle East-Europe Economic Corridor (IMEC) is a 6,000-km multimodal connectivity initiative linking India and Europe through integrated maritime routes, rail networks, digital systems and clean-energy pathways.

On the eastern gateway of IMEC, APSEZ's ports at Mundra and Hazira form a multimodal logistics hub connecting South Asia to West Asia. Through this MoU, Marseille Fos strengthens the western European gateway of the corridor, adding approximately 70 million tonnes of capacity and extending IMEC's reach deeper into Europe.

Marseille Fos is one of Europe's largest integrated multi modal port ecosystems. This partnership establishes a more structured and coordinated pathway to facilitate India-EU trade flows.

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Adani Ports & Special Economic Zone announced that D. Muthukumaran, Chief Financial Officer and Key Managerial Personnel of the Company, will relinquish his position as Chief Financial Officer of the Company as he will transition to a new role within the Adani's portfolio & Companies.

Further, Sreedhar Krishna Menon, who is currently serving as Chief Financial Officer of AdaniConnex, (a group Company) will assume the role of Chief Financial Officer and Key Managerial Personnel of the Company effective from 01 March 2026.

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Profit before exceptional item and tax jumped 23.27% to Rs 3,756.80 crore during the quarter compared with Rs 3,047.72 crore posted in corresponding quarter last year. Exceptional items amounted to Rs 146.08 crore, primarily related to labour code provisions.

EBITDA stood at Rs 5,786 crore in Q3 FY26, registering the growth of 20%, compared with Rs 4,802 crore posted in Q3 FY25.

In Q3 FY26, the company?s Cargo volume was 123 MMT (up 9% YoY), Rail volume was 170,466 TEUs (up 4% YoY) and GPWIS volume was 5.2 MMT (down 6% YoY).

On the segmental front, revenue from Domestic Ports was Rs 6,701 crore (up 15.02% YoY), International Ports revenue was Rs 1,067 crore (up 20.56% YoY), revenue from Logistics was Rs 1,121 crore (up 61.76% YoY), Marine revenue was Rs 773 crore (up 90.39% YoY) and Other revenue was Rs 43 crore (down 72.08% YoY).

The All-India market share of Adani Ports for December 2025 quarter was 26.4% (down 60 basis points YoY). The all-India container market share stood at 45.8%, up 40 basis points YoY.

On the guidance front, the company revised its FY26 revenue guidance to Rs 38,000 crore, up from earlier range of Rs 36,000-38,000 crore. The EBITDA guidance was also raised to Rs 22,800 crore from the earlier range of Rs 21,000 -22,000 crore. Additionally, the company now expects revenue from its marine business to grow by 2.3 times in FY26, up from the earlier estimate of 2 times.

Ashwani Gupta, whole-time director & CEO, said, ?As India?s largest and the world?s fastest-growing Integrated Transport Utility, APSEZ has once again delivered a strong and resilient performance. Sustained momentum across our four business pillars, combined with the consolidation of NQXT, has enabled us to raise the upper end of our FY26 EBITDA guidance by a robust Rs 800 crore.

Our financial and operational stability has been further reinforced by multiple credit rating upgrades, including an exceptional ?A-/Stable? rating from Japan Credit Rating Agency, which is a notch above India?s sovereign rating - a strong validation of our governance standards and financial prudence.

Towards the end of FY24, we articulated a clear ambition to double our revenue and EBITDA by FY29 to Rs 65,500 crore and Rs 36,500 crore respectively.?

Meanwhile, the company?s board approved the resignation of chief financial officer (CFO), D. Muthukumaran with effect from 28 February 2026. Following his cessation, Sreedhar Krishna Menon will assume the role of CFO with effect from March 1, 2026.

Menon is a Cost Accountant and a Management Graduate. He has also completed the Advanced Management Program at Harvard Business School. Menon is an experienced professional with more than 30 years of experience in various disciplines of finance and accounts. Throughout his career, he has held various leadership positions at Pennar Group, AFL Private Limited, Bharti Airtel Limited and AdaniConnex.

Adani Ports and Special Economic Zone (APSEZ) is the largest private port operator in India. APSEZ operates a portfolio of 15 domestic ports/terminals with an international presence at 4 global ports/terminals. Along with its port operations, it has its wide logistics network and offers various port-based marine services to its owned ports/terminals as well as other ports.

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