Adani Enterprises Ltd announces
Newzdaddy Business Updates
highest half-yearly EBIDTA in H1FY25 results
Consolidated EBITDA increased by 47% to INR 8,654 crore
Consolidated PBT increased by 137% to INR 4,644 crore
Incubating Businesses EBIDTA up by 85% to INR 5,233 crore
Editor’s Synopsis
Consolidated financial highlights H1 FY25 (YoY)· Revenue increased by 14% to INR 49,263 crore · EBIDTA increased by 47% to INR 8,654 crore driven by continued strong operational performance by the Adani New Industries Ltd (ANIL) ecosystem and Airports · PBT increased by 137% to INR 4,644 crore Capital market transactions· AEL has raised INR 4,200 crore (USD ~500 Mn) through QIP which was subscribed with participation from international and domestic investors · AEL and its subsidiaries have raised INR 3,874 crore (USD ~460 Mn) through issuances of NCDs which were subscribed by a diversified set of investors Business highlights· Received Letter of Award for electrolyser manufacturing facility for 101.5 MW p.a. from SECI taking cumulative awarded capacity to 300 MW p.a. · Navi Mumbai International Airport welcomes the first IAF aircraft · Provisional COD received for first BOT Project “Panagarh-Palsit” and HAM Project “Kodad Khammam” · Letter of Award received for development & operation of Iron Ore mine at Taldih with a capacity of 7 MTPA from SAIL
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Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, announced its results today for the quarter and half year ended 30 September 2024.
AEL’s constant endeavour to achieve operational efficiency across all business verticals along with incubating new asset base is reflected yet again in these results. AEL has recorded its highest half-yearly EBIDTA of INR 8,654 crore which is consistently supported by strong performance from emerging core infra businesses under its incubation portfolio. The emerging core infra businesses have recorded half-yearly EBIDTA of INR 5,233 crore with an increase of 85% on a year-on-year basis on the back of robust operational performance.
“Adani Enterprises Ltd (AEL) continues to focus on investing in logistics, energy transition and adjacent sectors that are core to the economic growth of the country. This record-breaking half-year performance has been led by Adani New Industries Ltd (ANIL) and Adani Airport Holdings Ltd (AAHL) with their rapid growth in capacity additions and asset utilisation,” said Mr Gautam Adani, Chairman of the Adani Group. “Our focus on execution of greenfield projects in ANIL across three giga-scale integrated manufacturing plants and the accelerated development of Navi Mumbai International Airport are driving these robust results. Further, AEL is poised to repeat this turbo growth across data centres, roads, metals & materials and specialized manufacturing. AEL continues to invest in innovative technology across its platforms to support this high growth phase.”
Consolidated Financial Highlights
(INR in crore)
| Particulars | Q2 FY24 | Q2 FY25 | % change Y-o-Y | H1 FY24 | H1 FY25 | % change Y-o-Y | |
| Total Income | 20,095 | 23,196 | 15% | 43,111 | 49,263 | 14% | |
| EBIDTA | 2,979 | 4,354 | 46% | 5,875 | 8,654 | 47% | |
| Profit Before Tax | 879 | 2,409 | 174% | 1,959 | 4,644 | 137% | |
| Profit After Tax1 | 228 | 1,747 | 6.6x | 903 | 3,206 | 2.5x | |
| Cash Accruals2 | 1,242 | 2,972 | 139% | 2,735 | 5,677 | 107% |
Note: 1. PAT attributable to owners 2. Cash Accruals are equal to Profit Before Tax + Depreciation – Current Taxes
Incubating Businesses Financial Highlights
| Particulars | Q2 FY24 | Q2 FY25 | % change Y-o-Y | H1 FY24 | H1 FY25 | % change Y-o-Y | |
| ANIL Ecosystem | |||||||
| Total Income | 1,939 | 3,115 | 60% | 3,837 | 7,634 | 99% | |
| EBIDTA | 628 | 1,121 | 78% | 983 | 2,763 | 181% | |
| PBT | 526 | 916 | 74% | 801 | 2,341 | 192% | |
| Airports | |||||||
| Total Income | 1,946 | 2,276 | 17% | 3,657 | 4,453 | 22% | |
| EBIDTA | 568 | 744 | 31% | 1,080 | 1,426 | 32% | |
| PBT | (65) | (148) | – | (163) | (237) | – | |
Operational Highlights
| Volume | Q2 FY24 | Q2 FY25 | % change Y-o-Y | H1 FY24 | H1 FY25 | % change Y-o-Y | |
| ANIL Ecosystem | |||||||
| Module Sales (MW) | 630 | 1001 | 59% | 1244 | 2380 | 91% | |
| WTG (Sets) | – | 15 | #1 | – | 56 | #1 | |
| Airports | |||||||
| Pax movement (Mn) | 21.3 | 22.3 | 5% | 42.6 | 45.1 | 6% | |
| ATMs (‘000) | 146.8 | 153.3 | 4% | 288.4 | 305.4 | 6% | |
| Cargo (Lacs MT) | 1.9 | 2.8 | 47% | 4.2 | 5.5 | 31% | |
| Roads | |||||||
| Construction (L-KM) | 12.5 | 180.4 | 13.4x | 92.3 | 910.4 | 8.8x | |
| Mining Services | |||||||
| Dispatch (MMT) | 6.2 | 8.2 | 32% | 12.6 | 17.5 | 39% | |
| IRM | |||||||
| Volume (MMT) | 18.8 | 13.7 | (27%) | 36.6 | 29.1 | (21%) | |
#1 Commercial production and supply of WTG sets started from Q3 FY24
Capital market transactions |
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Business Updates
Adani New Industries Ecosystem |
| Solar manufacturing · Module sales crossed 2 GW during the first six months; exports increased by 64% and domestic sales increased by 139% · EBITDA margins continued to improve on account of improved realization and operational efficiency through integrated production of cell & module line |
Wind Turbine Manufacturing· The 5.2 MW & 3.0 MW WTG using ANIL blades listed in RLMM · Final type certificate received for 3.3 MW WTG and applied for RLMM listing · 300th Blade production milestone crossed during this quarter |
RLMM: Revised List of Models & Manufacturers
MEP: Mechanical, Electrical & Plumbing
AdaniConnex Pvt Ltd (ACX – Data Centre) |
Noida Data Centre· Construction Completion ~95% of 50MW core & shell + 10 MW MEP |
Hyderabad Data Centre· Construction Completion ~98% for Phase I – 9.6 MW |
Pune Data Centre· Pune I ~38% and Pune II ~61% for Phase I – 9.6 MW |
Adani Airports Holdings Ltd (AAHL – Airports) |
| · Navi Mumbai International Airport welcomes the first IAF aircraft · During the quarter 6 new routes, 6 new airlines and 13 new flights added · Thiruvananthapuram International Airport has been accredited to Level 2 of the Airport Customer Experience Accreditation Programme by ACI for continuous improvement in customer experience |
Adani Road Transport Ltd (ARTL – Roads) |
| · Provisional COD received for the first BOT Project “Panagarh-Palsit” in the state of West Bengal and HAM Project “Kodad Khammam” in the state of Telangana |
PCWR: Pollution Control Waste Management & Recycling
ESG Highlights |
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