On Thursday, Adani Enterprises Ltd (AEL) released its financial results for the quarter and fiscal year ending 31 March 2024. The corporation reported a remarkable 32 percent increase in consolidated EBITDA, reaching Rs 13,237 crore.
Moreover, its profit before tax (PBT) surged impressively by 56 percent to Rs 5,640 crore during the same period.
The emerging core infra businesses within the Adani New Industries Ltd (ANIL) ecosystem marked significant advancements in their operational performance.
According to company statements, these sectors contributed notably to the overall EBITDA, escalating to 45 percent for FY24 from 40 percent in FY23.
Understood. Here’s a title based solely on Gautam Adani’s statement:
Adani Enterprises Premier Business Incubator: Gautam Adani
Gautam Adani, Chairman, Adani Group, expressed his satisfaction. He stated, “Adani Enterprises has once again validated its position not only as the premier business incubator in India but also as a global leader in infrastructure development.”
He further highlighted the resilience of AEL’s growth model, underpinned by operational and organizational excellence.
Meanwhile, in the fourth quarter (Q4) of the previous fiscal year, AEL reported EBITDA at Rs 3,646 crore, while PBT stood at Rs 1,322 crore.
Although these figures showed a slight decrease compared to Q4 FY23, the overall trajectory remained positive.
Notably, the EBITDA for the ANIL ecosystem surged by 4.6 times to Rs 2,296 crore in FY24.
The fiscal year witnessed several milestones for Adani Group’s subsidiary ventures.
ANIL’s solar manufacturing division successfully commissioned India’s first large-sized monocrystalline ingot and wafer unit of 2 GW capacity.
Additionally, the copper unit under Kutch Copper Ltd inaugurated the 500 KTPA Greenfield copper refinery project, showcasing Adani Group’s prowess in executing large-scale projects efficiently.
Moreover, Adani Airports inaugurated Phase I of Integrated Terminal 3 of Lucknow Airport, underscoring the group’s commitment to modernizing airport infrastructure across the nation. AdaniConneX, another subsidiary, witnessed a surge in its order book, increasing to 210 MW from 112 MW in the previous fiscal year.
Looking ahead, AEL is poised to make strategic business investments in green hydrogen ecosystem, airport management, data centers, roads, and primary industries like copper and petrochemicals. These ventures align with the group’s vision of sustainable long-term value creation while setting global benchmarks in project management and operations.
The stellar performance of Adani Enterprises Ltd reaffirms its position as a frontrunner in India’s business landscape and underscores its commitment to driving economic growth through innovation and excellence.
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