Adani Group Resurgence: Record 45% EBITDA Surge in FY24

The Adani Group achieved a 45% rise in EBITDA, reaching Rs 82,917 crore in FY24. Emerging from a US short-seller report, the group focused on core competencies and reducing debt. With strong asset growth and rising cash flows, Adani continues to deliver consistent growth, benefiting shareholders.

The Adani Group has recorded an impressive 45% increase in EBITDA, achieving Rs 82,917 crore (around USD 10 billion) for the fiscal year 2024, signifying a strong comeback. The conglomerate focused on core competency areas, debt reduction, and minimizing founder share pledges, following a critical US short-seller report that impacted its market value.

In FY24, the Adani Group's cash profit rose to Rs 56,828 crore, marking a 51% year-on-year growth, attributed to its disciplined investment strategy. The group indicated that 84% of EBITDA originates from core infrastructure businesses, highlighting predictable cash flows and asset growth.

Over the past five years, Adani's compounded annual growth rate for profits stood at 54%, showcasing robust capital allocation and resilience against external challenges. The group's substantial asset base now encompasses Rs 4,78,137 crore (USD 57 billion), serving a massive consumer base of 350 million users.