The Adani Group has reaffirmed its financial strength and resilience by reporting record-breaking earnings and robust liquidity, thereby solidifying its status as a leader in India’s infrastructure sector.
*Record-Breaking EBITDA Growth*
For the twelve months ending December 2024, Adani Group achieved a record-high trailing EBITDA of ₹86,789 crore, marking a 10.1% year-on-year increase. The December quarter alone saw an impressive 17.2% growth, reaching ₹22,823 crore. After adjusting for prior income, the EBITDA growth rate stands at 21.3%, underscoring the Group’s consistent upward trajectory.
A significant contributor to this growth is the Group’s infrastructure portfolio, particularly emerging businesses under Adani Enterprises (AEL), such as solar and wind manufacturing, airports, and roads. These sectors grew by 45% year-on-year in Q3FY25 and 33.3% over the last twelve months, highlighting their immense potential in India’s evolving infrastructure landscape.
*Strong Financial Position and Liquidity*
Adani Group’s commitment to financial discipline is evident in its substantial cash reserves. As of September 30, 2024, the Group held ₹53,024 crore in cash balances, ensuring sufficient liquidity to service debt obligations for the next 28 months. This figure represents 20.5% of the Group’s gross debt, reflecting a highly secure financial position.
The Group’s asset base, now valued at ₹5.53 lakh crore, has been built over three decades of strategic expansion. Gross debt stood at ₹2.58 lakh crore, with net debt at ₹2.05 lakh crore, demonstrating responsible leverage management. The gross assets to net debt ratio improved to 2.7 times in the first half of FY25, up from 2.63 times in the previous year.
*Infrastructure Leadership and Predictable Cash Flows*
A significant 85% of Adani Group’s profits derive from its core infrastructure businesses, including utilities and transport, ensuring stable and predictable cash flows. The Group’s highly stable core infrastructure portfolio contributes 84% to total EBITDA, reinforcing its dominance in key sectors such as power, green energy, ports, and transport.
Adani Ports & SEZ, Adani Green Energy, Adani Power, Adani Energy Solutions, and Adani Total Gas continue to play crucial roles in the Group’s success, positioning Adani as a global infrastructure powerhouse.
*Credit Ratings and Investment Plans*
The Group’s exceptional financial health is further validated by continuous credit rating upgrades, with no downgrades in the past five years. A milestone has been reached, with 75% of run-rate EBITDA now generated from assets rated ‘AA-‘ and above domestically, reflecting the Group’s strong credit profile.
Looking ahead, Adani Group has outlined ambitious investment plans, committing over $100 billion (₹8 lakh crore) in capital expenditure over the next decade. This investment will be driven primarily by Adani Enterprises, focusing on pioneering sectors like green hydrogen, airports, and renewable energy. Major contributors to this expansive vision include Adani Green Energy, Adani Energy Solutions, and Adani Ports & SEZ.
*A Bright Future for Adani Group*
With a strategic combination of financial prudence, expanding infrastructure investments, and a commitment to sustainability, Adani Group continues to set new benchmarks in India’s economic growth. Its ability to generate consistent cash flows, maintain strong liquidity, and drive large-scale development projects underscores its position as a key player in shaping the future of India’s infrastructure landscape.
By leveraging its strengths across multiple sectors and maintaining a sharp focus on innovation and financial stability, Adani Group remains well-positioned for sustained growth in the years ahead.
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