The Adani Portfolio’s net profit jumped 50.1 percent to Rs 10,279 crore (year-over-year) in the first quarter of this fiscal, driven by emerging businesses including solar and wind manufacturing as well as airports and roads.
EBITDA also reached Rs 22,570 crore, up 32.9 percent YoY, the company announced on Monday.
According to a statement from the Adani Group, EBITDA for the main infrastructure sectors—utility, transportation, and infra operations under Adani Enterprises Ltd.—grew 41.6% YoY in the April–June quarter and made up 86% of overall EBITDA.
The company stated that the trailing-12-month (TTM) EBITDA was at Rs 79,180 crore, up 44.9% YoY.
“Adani Enterprises’ developing operations, which include airports and roads, as well as solar and wind production, which is India’s largest and a component of a fully-integrated green hydrogen chain, drove the company’s good performance for the quarter. The company reported that these rapidly expanding companies now provide 13.3% of the portfolio-level EBITDA, up from 7.2% a year earlier.
The Adani Group’s strategy focus on the infrastructure platform, which offers high stability and predictability, is credited with this expansive yet resilient growth.
The infrastructure operations of Adani Enterprises Ltd. are contributing significantly to this expansion, as seen by the company’s EBITDA growth of 69.98% YoY.
The first and biggest vertically integrated solar PV manufacturer in India, the solar module manufacturing company, reported a 125% YoY increase in module sales during the quarter.
EBITDA increased by 41.44% in the utility segment. Adani Power’s 53.6 percent EBITDA growth was fueled by a 38 percent increase in sales. Adani Green Energy also posted impressive results, with a 30.3 percent increase in EBITDA and a 31% increase in operational capacity.
EBITDA increased by 29.62 percent at the Adani Ports and SEZ. The business was successful in securing one new port O&M contract and two new port concession agreements during the quarter.
For the first time, the total number of passengers handled annually by seven airports surpassed 90 million.
“Across all seven airports, eight new routes, six new carriers, and thirteen new flights were added during the quarter. After the opening of Terminal 3, the Lucknow airport also added 25 new brands, according to the corporation.
According to the report, the roads division completed the most lane-kilometer work in a quarter ever—730.
The 500 MW hydro pump storage project is now under construction. At Khavda, an additional 250 wind turbines were put into service in July, bringing the total capacity to 11.2 GW.
The company claims that the Khavda-Bhuj Transmission Line (KBTL) is completely operational and will allow for the evacuation of 3 GW of green power from Khavda.
The most cutting-edge container handling technology in South Asia is available at India’s first trans-shipment port, Vizhinjam Port, which was formally inaugurated in July and will start operations in November.
Adani Group’s Vizhinjam Port, which would rank sixth or seventh globally, has propelled India into the global port industry with the arrival of the first mother ship, San Fernando.
