NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
PL Capital Report
Domestic brokerage firm PL Capital expects its ports coverage universe to report revenue/Ebitda/PAT growth of 18%/12%/2% YoY (0%/0%/4% QoQ) in Q1 FY27, supported by resilient container traffic, improved coal volume and better realisation, despite lingering impact of geopolitical disruptions on key trade routes.
Adani Ports and Special Economic Zone Ltd. is expected to continue to outperform, driven by sustained container throughput at Vizhinjam and CWIT, along with healthy coal volume supported by commencement of Tata Power's Mundra UMPP.
Liquid volume, on the other hand, are expected to moderate from the strong run-rate witnessed in May'26.
JSW Infrastructure Ltd.'s performance is likely to be affected by the disruptions at the Fujairah Liquid Terminal; strong throughput at Jaigarh and Dharamtar, healthy domestic commodities demand and continued ramp-up of the rail logistics business should partially offset the impact.
The brokerage also highlighted that temporary disruption in global trade flows during Q1 FY27 is expected to shift part of the cargo movement to H2 FY27, making the second half critical for achieving managements' volume guidance.
Execution over the coming quarters will hinge on their ability to recover deferred cargo and leverage sticky customer relationships. Planned capacity additions across ports and logistics remain on track and should support long-term growth.
PL Capital remains constructive on the sector, supported by a robust capacity expansion pipeline, rising containerisation and continued scale-up in integrated logistics.
Adani Ports is PL Capital's top pick in the sector.
Click on the attachment to read the full report:
ALSO READ: TCS To Birlasoft: 14 IT Stocks In Focus Ahead Of Q1 Results; IDBI Capital Sees Up To 52% Upside
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
