JM Financial forecasts 15.20 percent growth for Adani Ports stock

Published on 10/13/2026 at 09:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

JM Financial expects INR 111.93 billion revenue for Adani Ports stock. Results are set for October 28, 2026, with the third quarter on January 28, 2027.

Key points in brief

JM Financial forecasts 15.20 percent year-on-year cargo growth for Adani Ports in the second quarter of fiscal 2026-27.
The brokerage projects INR 111.93 billion revenue, INR 40.33 billion adjusted profit after tax and INR 66.94 billion core EBITDA.
Adani Ports was last at INR 1,740.30 on the NSE on October 13, 2026, while its 52-week range was INR 1,292.00 to INR 1,891.10.
The company has scheduled second-quarter and first-half results for October 28, 2026.

Adani Ports, INE742F01042, Illustration mit AI erstellt.

JM Financial forecasts 15.20 percent year-on-year cargo growth for Adani Ports stock in the second quarter of fiscal 2026-27, with projected revenue of INR 111.93 billion. The estimate, published by ETInfra on October 12, 2026, also includes adjusted profit after tax of INR 40.33 billion and core EBITDA of INR 66.94 billion.

Three expansion milestones

On September 9, 2026, Adani Ports won a 30-year concession for two Paradip dry bulk berths expected to add 18 million metric tonnes of annual capacity, according to the company's investor relations page. On September 30, 2026, the Colombo West International Terminal doubled capacity to 3.2 million TEUs through a USD 750 million expansion, as reported in an Adani Ports release. On October 12, 2026, JM Financial forecast 15.20 percent year-on-year cargo growth for the second quarter.

What does the preview imply?

The forecast puts the upcoming quarter against Adani Ports' reported first-quarter revenue of INR 108.21 billion, up 18.60 percent year on year, and EBITDA of INR 65.40 billion, up 19.00 percent, according to CNBC TV18 on October 9, 2026. The comparison matters because the preview's adjusted profit estimate of INR 40.33 billion would sit above the first-quarter reported net profit of INR 36.20 billion, while the projected core EBITDA margin is 59.81 percent.

Results dates are already scheduled

Adani Ports' investor calendar lists October 28, 2026, for second-quarter and first-half fiscal 2026-27 results and January 28, 2027, for third-quarter results. The dates are listed as tentative on the company's investor relations page, making the October report the next scheduled operating checkpoint.

NSE quote remains below the yearly high

Adani Ports was last at INR 1,740.30 on the NSE on October 13, 2026 at 1:15 p.m. IST. Its 52-week range was INR 1,292.00 to INR 1,891.10, and market capitalization stood at INR 4.0 trillion on the same date.