Adani Ports and Special Economic Zone Ld February Cargo Volumes

Container volumes led gains (14% YoY), dry cargo up 15%; logistics rail 640k TEUs YTD (+10%), GPWIS 19.7 MMT (-1%). Key ports like Mundra, Deendayal boosted performance amid strong demand. 42.5 MMT cargo in February 2026, up 16% YoY, driven by 14% container growth and 15% dry cargo rise; YTD 454.7 MMT (+11% YoY). JPMorgan initiated 'Overweight' coverage on March 5 with TP ₹1,800, citing sector tailwinds, market share gains, and 20% EBITDA CAGR FY25-30. Q3 FY26 net profit jumped 24.9% to ₹3,177 crore on 21.9% revenue growth to ₹9,705 crore; shares dipped 2.84% to ₹1,428.40 post-update.