Adani Group Reports Record Q1 FY25 Results, Surges in Green Energy and Infrastructure

Adani Group released its Q1 FY25 financial results, highlighting robust growth driven by emerging businesses in green energy and infrastructure. The group's EBITDA rose by 32.87% YoY to Rs 22,570 crore, with notable advancements in solar, wind, airports, roads, and port operations, underscoring their expanded market presence.

Adani Group has unveiled its Q1 FY25 financial results and Credit Compendium, illustrating significant performance boosts across its diversified portfolio. The comprehensive report details the financial prowess and credit strength of the conglomerate.

According to the report, Adani Enterprises' new ventures, particularly in solar and wind manufacturing, spearheaded the remarkable growth. The company announced its leading position in India's green hydrogen, airports, and roads sectors. Steady infrastructure expansion contributed significantly, with EBITDA growing by nearly 70 per cent YoY. Fast-evolving businesses now account for 13.3 per cent of portfolio-level EBITDA, an increase from 7.2 per cent the previous year.

The group's overall EBITDA experienced a 32.87 per cent YoY surge to Rs 22,570 crore, bringing the trailing twelve-month EBITDA to Rs 79,180 crore, marking a 45.13 per cent rise from the prior year. The 'Core Infrastructure' platform, comprising Adani Enterprises' infrastructure businesses, utilities like Adani Green Energy, and transport entities such as Adani Ports & SEZ, played crucial roles.

In solar manufacturing, the group saw a 125 per cent YoY rise in module sales, with cost reductions and increased profitability due to new photovoltaic cell lines. Airport operations expanded with higher passenger traffic and new routes, airlines, and services across seven operational airports. Annual passenger movement surpassed 90 million, a milestone first.

In the road sector, a record 730 lane-km was constructed this quarter. On the green energy front, a 500 MW hydro pump storage construction commenced, and a 250 MW wind capacity was operationalized, enhancing the total capacity to 11.2 GW. The Khavda-Bhuj Transmission Line and the Warora Kurnool Transmission Line were fully operational, reinforcing green power evacuation and national grid stability.

Adani Ports & SEZ reported the commissioning of Vizhinjam port in July, set to operationalize in November, featuring South Asia's top container-handling technology. The cement segment saw Rs 15,000 crore infused into Ambuja Cements, with total capital injections reaching Rs 20,000 crore post the September 2022 acquisition. The acquisition of Penna Cement raised the overall capacity to 89 MTPA.

(With inputs from agencies.)