Shares of Adani Ports and Special Economic Zone Ltd. saw a large block deal on Friday, October 9, with 70.5 lakh shares, or around 0.3% of the company’s equity, changing hands for ₹1,234 crore at ₹1,754 per share.
The transaction took place as the stock closed at ₹1,760.50 on the National Stock Exchange (NSE), up 3.07%, or ₹52.50, for the day.
Adani Ports has delivered a return of around 123% over the past three years and gained 20.38% over the past six months. However, the stock has declined 2.56% over the last three months. Its market capitalisation stood at approximately ₹4.1 lakh crore as of October 9.
The company has scheduled its results for the second quarter and first half of FY27 for October 28, 2026. Its cargo volumes for the first half of FY27 reached 280 million metric tonnes (MMT), marking a 15% increase year on year.
Jefferies has maintained its ‘Buy’ rating on the stock, with a price target of ₹2,160.
Adani Ports expands capacity at Paradip
The block deal comes days after Adani Ports incorporated a wholly owned subsidiary to develop and operate two dry bulk berths at Paradip Port in Odisha.
Named Paradip Mahanadi Terminal Ltd., the new entity was incorporated on October 6 and is yet to commence business operations, according to a regulatory filing by Adani Ports. The parent company holds 100% of the subsidiary’s shares, with authorised and paid-up share capital of ₹5 lakh, divided into 50,000 equity shares of ₹10 each.
The subsidiary has been established specifically to develop and operate the two dry bulk berths. Its incorporation follows a letter dated September 9, the company said.
Last month, Adani Ports announced that it had emerged as the highest bidder for the project and received a letter of award from the Paradip Port Authority.
The project is expected to add 18 MMT of cargo-handling capacity to the company’s portfolio, taking its total domestic capacity to 671 MMT. The expansion forms part of Adani Ports’ broader ambition to reach cargo throughput of one billion tonnes by 2030.
Q1 performance and FY27 outlook
Adani Ports retained its full-year FY27 guidance when it announced its June-quarter results on July 29. The company expects earnings before interest, tax, depreciation and amortisation (EBITDA) of ₹25,000 crore to ₹26,000 crore and revenue of ₹43,000 crore to ₹45,000 crore for the year.
For the April–June quarter, revenue rose 18.6% year on year to ₹10,821 crore from ₹9,126 crore. Net profit increased 9.2% to ₹3,620 crore from ₹3,315 crore in the corresponding period last year.
EBITDA grew 19% to ₹6,540 crore from ₹5,495 crore, while the EBITDA margin expanded to 60.4% from 60.2% a year earlier.
Cargo volumes during the quarter stood at 138.1 MMT, compared with 120.6 MMT in the year-ago period, reflecting continued growth in the company’s port operations.