Adani Portfolio Announces Q1 FY25 Performance With EBITDA At INR 22,570 Crore, Up 32.9% YoY ¹

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.

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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.