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Adani Ports and Special Economic Zone Limited, taken apart.
Four panels built from the reported annual accounts, then the rest of the engine. Every figure below is Adani Ports and Special Economic Zone Limited’s own filing, not an estimate of ours.
Income statement
Revenue mix
Peer comparison
Analyst ratings
What if I had bought
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Chart patterns
Income statement, four years
Read across, not down. Each line is shown for four fiscal years, so the direction matters more than any single column.
| Line | FY2026 | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|
| Revenue | ₹38,736 Cr | ₹30,475 Cr | ₹26,711 Cr | ₹20,852 Cr |
| Cost of revenue | ₹15,303 Cr | ₹12,091 Cr | ₹11,312 Cr | ₹9,062 Cr |
| Gross profit | ₹23,433 Cr | ₹18,384 Cr | ₹15,399 Cr | ₹11,790 Cr |
| Operating expenses | ₹5,982 Cr | ₹4,267 Cr | ₹3,246 Cr | ₹2,277 Cr |
| Operating income | ₹17,451 Cr | ₹14,117 Cr | ₹12,153 Cr | ₹9,513 Cr |
| Net income | ₹12,806 Cr | ₹11,092 Cr | ₹8,111 Cr | ₹5,309 Cr |
| Diluted EPS | 58.23 | 51.35 | 37.55 | 24.58 |
Net income moved +141.2% across these years while earnings per share moved +136.9% — less than the profit itself, because the share count changed. Profit split fewer ways is not the same as more profit.
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