Adani Group Smashes Records: A New Benchmark in Infrastructure Excellence

Newzdaddy Business Updates

Synopsis of the Article

• Adani Portfolio achieved record-breaking performance in H1 FY25 with a massive asset base of INR 5.53 lakh crore.
• Trailing-Twelve-Month (TTM) EBITDA grew by 17% YoY, reaching INR 83,440 crore. Adjusted EBITDA rose by 34.3% YoY.
• Core infrastructure businesses (utility, transport, and infrastructure under Adani Enterprises contributed 86.8% of the total H1 FY25 EBITDA.
• The cash balance stood at INR 53,024 crore, sufficient for 28 months of debt servicing.
• Gross Assets increased by INR 75,277 crore, emphasizing Adani’s strategic focus on sustainable growth.
• The Group maintains strong financial health, with Net Debt to EBITDA at 2.46x and Gross Assets to Net Debt at 2.7x.
• Highlights include Navi Mumbai International Airport’s milestone, solar module sales growth of 91%, and expanded operational capacities in energy and transmission projects.
• Key subsidiaries, including Adani Green Energy, Adani Ports & SEZ, and Adani Cement, achieved notable milestones.

A Strong Half-Year for India’s Leading Infrastructure Group

The Adani Group has delivered an extraordinary financial performance in the first half of FY25, reflecting its robust strategic focus on infrastructure growth. The asset base of the Adani Portfolio reached a record INR 5.53 lakh crore, marking a significant milestone.

The Group’s EBITDA for H1 FY25 rose to INR 44,212 crore, with Trailing-Twelve-Month (TTM) EBITDA climbing 17% YoY to INR 83,440 crore. Adjusted TTM EBITDA, factoring out prior incomes, surged by an impressive 34.3% YoY.

Core Infrastructure Leads the Way

Core infrastructure businesses—covering utilities like Adani Power, and Adani Green Energy, and transport operations such as Adani Ports & SEZ—accounted for 86.8% of H1 FY25’s total EBITDA. Adani Enterprises’ infrastructure divisions, which include solar and wind manufacturing, airports, and roadways, recorded an astonishing 70.1% growth in EBITDA during the period.

Financial Highlights and Credit Strength

The Adani Group has demonstrated remarkable financial discipline and liquidity management:

• Cash Reserves: A robust cash balance of INR 53,024 crore ensures liquidity for the next 28 months of debt servicing.
• Net Debt to EBITDA Ratio: At 2.46x, well within the Group’s guidance of 3.5x-4.5x.
• Asset Growth: Gross Assets rose by INR 75,277 crore in H1 FY25.
• Credit Ratings: 76% of EBITDA comes from assets rated above ‘AA-‘ by India ratings. Adani Ports & SEZ received “AAA” ratings from multiple agencies.

Emerging Ventures and Milestones

Adani Enterprises has been the backbone of growth through its incubating ventures. Solar module sales soared by 91% YoY to 2,380 MW, while passenger footfall across Adani airports reached 45.1 million.

Adani Green Energy boosted its operational capacity by 34% YoY to 11.2 GW. Additionally, the company commenced work on a 500 MW hydro pump storage project.

Infrastructure Expansion and Sustainability

Adani Energy Solutions extended its transmission network by adding 2,760 ckm of new lines and securing projects to enhance grid connectivity. The Group’s renewable initiatives, including green hydrogen production and solar manufacturing, are helping accelerate India’s clean energy transition.

Adani Ports and Cement Ventures Shine

Adani Ports & SEZ saw a 19.82% YoY increase in EBITDA, with volumes growing to 220 MMT. Strategic acquisitions, like Gopalpur Port and Astro Offshore, further strengthened its operations.

Meanwhile, Adani Cement, despite facing challenges, expanded its capacity with acquisitions of Penna Cement and Orient Cement, bringing its operational footprint to 97.8 MTPA.

Future Outlook

The Adani Group’s strategic investments and disciplined financial approach position it well for continued growth. The integration of new assets, advancements in infrastructure, and a focus on sustainability highlight the Group’s long-term vision.

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