Adani Group, India’s leading infrastructure conglomerate, announced its Q1 FY25 performance, reporting a significant increase in EBITDA of 32.9% year-over-year (YoY) to INR 22,570 crore. This growth was driven by the company’s emerging businesses, including solar and wind manufacturing, airports, and roads, which now contribute 13.3% to the portfolio-level EBITDA, up from 7.2% last year.
Also Read: Sensex Trades Higher On Positive Global Cues
The company’s ‘Core Infrastructure’ platform, which includes utility, transport, and infrastructure businesses, saw a 41.6% growth YoY in Q1, contributing to over 80% of the Portfolio EBITDA. The utility segment reported a 41.44% increase in EBITDA, with Adani Power achieving a 53.6% increase driven by a 38% rise in sales. Adani Green Energy also reported a strong performance, with EBITDA growing by 30.3% as operational capacity expanded by 31%.
The transport segment saw Adani Ports & SEZ achieve a 29.62% increase in EBITDA, with the company signing two new port concession agreements and securing one new port O&M contract during the quarter. The company’s airports business continues to see strong growth, with annual passenger movement across seven airports crossing 90 million for the first time.
The Adani Portfolio also reported a trailing twelve-month (TTM) EBITDA of INR 79,180 crore, marking a 45.13% increase over the corresponding TTM of the previous year. The company’s leverage (Net Debt to EBITDA) stands at 2.2x, a multi-year low as of March 31st, 2024.
Overall, Adani Group’s Q1 FY25 performance demonstrates the company’s strong growth momentum, driven by its diversified portfolio of businesses and strategic focus on sustainable development.
The Supreme Court sought responses from the Centre and Uttarakhand on a petition challenging the…
The Supreme Court upheld Medha Patkar’s defamation conviction in a case filed by Delhi’s Lieutenant…
The Supreme Court will hear challenges to Waqf Act amendments limiting the Board’s authority over…
The Supreme Court has transferred a plea seeking an inquiry into Bihar’s frequent bridge collapses…
The second phase of budget session is underway in Parliament, and amidst ongoing protests, the…
Cutting sugar from your diet for 30 days can lead to noticeable improvements in your…