Adani Ports posted Q1 profit of ₹3,315 crore (+6.5% YoY) and 31% revenue growth, driven by strong logistics and cargo volume gains. SEBI RAs flagged operational strength but noted the stock remains in a consolidation zone between ₹1,303-1,479. A breakout above ₹1,479 is needed for bullish momentum. FY26 cargo guidance remains at 500 MMT.