Adani Ports shares touched a day high of Rs 1,715.90 on Monday after July cargo volumes rose 15% year on year to 46.3 million tonnes handled.

The company handled 46.3 million tonnes of cargo in July, up from 40.2 million tonnes a year ago. Dry cargo did most of the work here, up 21% on its own.

Widen the lens to the full financial year and the picture stays consistent. Adani Ports has handled 184.4 million tonnes since April, again up 15%, with containers and dry cargo both growing at that same pace.

Rail logistics is the one soft spot. July volumes came in at 51,020 TEUs, up 5% from June but still down 16% from last year.

Year to date, rail volumes sit 18% lower at close to 1.96 lakh TEUs, even as the seaside business keeps climbing. This update lands just days after the company’s June quarter numbers.

Net profit rose 9.2% to Rs 3,620 crore, revenue climbed 18.6% to Rs 10,821 crore, and EBITDA was up 19% at Rs 6,540 crore, with margins ticking up to 60.4%.

The company kept its full year guidance unchanged too, targeting revenue of Rs 43,000 to 45,000 crore and EBITDA of Rs 25,000 to 26,000 crore for FY27. There’s been other good news lately as well.

S&P Global Ratings upgraded the company to BBB with a stable outlook last month, and Adani Ports signed a 10 year, $70 million marine services contract tied to Argentina’s first LNG export project.

By 10:38 am, the stock was at Rs 1,709.90 on the NSE, up 0.79% on the day. It’s still shy of its 52 week high of Rs 1,891.10, though it has gained over 15% so far this year.

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