Adani Ports and Special Economic Zone share price rose over 1 per cent after Goldman Sachs maintained its bullish stance on the stock, highlighting strong cargo volume momentum and multiple growth drivers. The brokerage has reiterated its ‘Buy’ rating with a target price of Rs 1,870. The company’ share price hit an intraday high of Rs 1,812 apiece on Friday.
Adani Ports reported a strong performance for Q4FY26, with revenue rising 26 per cent year-on-year to Rs 10,738 crore, while EBITDA increased 20 per cent to Rs 6,020 crore and net profit grew 9 per cent to Rs 3,308 crore.
The company surpassed its full-year revenue guidance, though EBITDA remained broadly in line with expectations and capital expenditure came in higher than planned. Looking ahead to FY27, the company expects revenue in the range of Rs 43,000–45,000 crore, indicating growth of 11–16 per cent, and EBITDA of Rs 25,000–26,000 crore, up 9–14 per cent. Capex is projected at Rs 12,000 to Rs 14,000 crore, with net debt-to-EBITDA targeted to stay within 2.5 times.
Management attributed the strong quarterly performance to record cargo volumes and robust momentum in logistics and marine segments, while highlighting resilience amid global uncertainties. It also reiterated its long-term ambition to more than double revenue and EBITDA by FY31, with a continued focus on disciplined capital allocation and funding expansion largely through internal accruals.
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