Adani Group Reports Record ₹82,917 Crore EBITDA In FY25; Up 45% Year-On-Year

The Adani Group has reported its highest-ever Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) of ₹82,917 crore for the fiscal year 2024-25 (FY25), representing a strong 45% increase compared to the previous year.

This record performance underlines the group’s robust growth across its core businesses amid a challenging global macroeconomic environment.

A significant 86% of the total EBITDA, amounting to ₹71,005 crore, was generated by the Group’s core infrastructure and utility platform.

This segment has demonstrated consistent growth, delivering a compound annual growth rate (CAGR) of 35% over the past four years.

These businesses also contributed ₹43,000 crore in operational cash flow in FY25, showcasing their strong cash-generating capacity.

The Group’s financial health improved notably, with the net debt to EBITDA ratio reducing to 2.2 times in FY25 from 3.3 times in FY23, reflecting enhanced balance sheet strength.

Gross assets of the Group expanded to ₹472,572 crore during the year, while the net asset base rose 25% to ₹288,372 crore, signalling sustained growth in asset value.

Profitability Across Portfolio Companies

Despite facing global economic headwinds, all listed companies within the Adani portfolio reported profits during FY25, reaffirming the resilience and operational strength of the Group’s diversified business model.

The Group invested ₹55,000 crore in capital expenditure during FY25, supporting expansion and operational enhancement across sectors.

For FY26, the Group announced an ambitious planned capex of ₹1.2 lakh crore, aiming to accelerate growth and infrastructure development.

Reflecting strong investor confidence, the combined market capitalisation of Adani’s listed portfolio companies reached ₹17.7 lakh crore as of 31 March 2025, marking a substantial 75% increase from the previous year.

The Adani Group’s record financial performance and strategic investments highlight its commitment to building a sustainable and diversified infrastructure empire.

The Group’s focus on strengthening its core platforms, improving leverage ratios, and pursuing significant capex projects positions it well to maintain growth momentum in the coming years.

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