Site icon Newz Daddy

Adani Enterprises Ltd H1 FY24 Results

Newz Daddy Editor
Adani Enterprises Ltd H1 FY24 Results

Adani Enterprises Ltd H1 FY24 Results

Adani Enterprises Ltd H1 FY24 Results

Newzdaddy Business Updates

 

Consolidated EBITDA increased by 43% to Rs. 5,874 cr

Emerging core infra-incubating businesses contributed 48% of Total EBITDA

Incubating assets backed EBIDTA increased by 111% to Rs. 2,825 cr

 

EDITOR’S SYNOPSIS

 

Financial Highlights H1 FY24 (Consolidated) (YoY Basis):

 

·         EBIDTA increased by 43% to Rs. 5,874 cr

·         Cash Accruals1 increased by 48% to Rs. 2,733 cr

·         Incubating assets backed EBIDTA increased by 111% to Rs. 2,825 cr

·         Incubating assets backed businesses PBT increased by 22x to Rs. 1,210 cr

 

  Business Highlights:

 

Business Highlights
ANIL Ecosystem Solar Manufacturing

·      Ingot pilot plant completed

·      ANIL produces India’s first wafer

Wind Manufacturing

·      Successfully enlistment in the Revised List of Models & Manufacturers and commercial production started

·      Received Wind Guard certification affirming international recognition
AWL – Water ·      Achieved Commercial Operation Date certificate for Prayagraj Water project
AAHL -Airports ·      Mumbai Airport became the 1st in India & 3rd in the world to receive the Level 4 customer experience accreditation

·      Ahmedabad Airport has inaugurated New Arrival & Departure Immigration block in T2

·      Domestic Cargo Terminal operationalized at Jaipur Airport

   Operational Highlights (YoY Basis):

Business H1 FY24
ANIL Ecosystem –          Modules volume up by 132% to 1244 MW
AAHL – Airports –          Pax movements up by 29% to 42.7 Mn from seven operational airports

–          Air Traffic movements up by 15% to 289.8K
Primary Industries –  Mining Services –          Production maintained at 13.5 MMT

–          Dispatch maintained at 12.6 MMT
Primary Industries – IRM –          Volume stood at 36.6 MMT

Ahmedabad, November 2, 2023: Adani Enterprises Ltd (AEL), part of the Adani Group, today announced its results for the quarter and half year ended September 30, 2023

AEL has made significant progress in its strong incubation pipeline during the first half of the fiscal year 2023-24. The company’s latest results showcase the emergence of key incubating businesses, including green hydrogen integrated manufacturing ecosystem, airports, and roads, which collectively contributed 48% of the overall EBITDA.

“We are fundamentally reshaping the essence of incubation scale and velocity,” said Mr. Gautam Adani, Chairman of the Adani Group. “Adani Enterprises covers sectors that span energy, utility, transport, D2C, and primary industries. With many ventures now market-ready and thriving, our H1 FY23-24 results have been boosted by the core infra incubating businesses, thereby being a strong testament to our incubating ventures.”

 

Financial Highlights Q2 FY24 (Consolidated) (YoY Basis):

 

 

Quarterly Business Updates (YoY):

 

Solar manufacturing ·        Total operational capacity at 4.0 GW

·        Module sales increased by 205% to 630 MW

·        India’s first wafer produced
Wind Turbine Manufacturing ·         Received Final type certificate for Prototype 1

·         Enlisted in RLMM & Started Commercial operations

·         Commissioned Prototype 2

·         Nacelle & Hub Facility – Commenced Commercial production

 

Data Center Status
Chennai Phase-I 17 MW Operational
Noida – 50 MW 63%
Hyderabad – 48 MW 65%

 

 

 Achieved Commercial Operation Date certificate for Prayagraj water project

 Adani Airports handled at seven operation airports;

Also Read:

Adani Total Gas Q2 & H1FY24 Results

Adani Power announces Q2 FY24 results

Exit mobile version