Adani Group has released its credit report for FY 2025 in which the company’s strong financial growth has been seen. The report states that the group has maintained liquidity at a high level and has reduced its debt to a great extent. As of March 31, 2025, Adani Portfolio had a total cash reserve of Rs 53,843 crore, which is enough to pay debt for the next 21 months.
This figure is also better than the group’s policy, which says to maintain liquidity for at least 12 months and one day.
Net Debt Reduced, Financial Profile Strengthened
Adani Group reduced its net debt-to-EBITDA ratio to 2.6x in FY25, from 3.8x in FY19. This shows that the group has managed its revenue and profit better and also reduced dependence on loans.
Only 10 per cent of the debt is on floating rate, due to which the impact of changes in interest rates is very less. More than 86 per cent of the debt has a maturity of more than one year and the balance of payment is maintained across the entire portfolio.
Strong Growth in EBITDA & Asset Ratings
90% EBITDA from AA or Higher Rated Assets – Adani Group’s EBITDA remained very strong in FY 2025. About 90 per cent of EBITDA came from assets that are AA rated or above, and 50 per cent of these are AAA rated. The effect of this was that the overall credit rating of the group improved.
Average Interest Rate Down to 7.9% in FY25 – It also benefited that the average rate of interest on the total debt of the group came down from 9 per cent in FY 2024 to 7.9 per cent in FY 2025. This indicates better financial planning and cheaper funding of Adani Group.
Operational Performance & Capital Efficiency
Adani Group‘s operational performance was also excellent. In FY25, the fund flow from operations reached Rs 66,527 crore. Also, this year the group made a record increase in assets and maintained focus on capital efficiency.
Adani Group says that these results show that they have given top priority to credit management and liquidity planning to build long-term financial strength and stability.
Summary Table of Key Financials
| Financial Metric | FY25 | FY24 / FY19 |
|---|---|---|
| Total Cash Reserves | ₹53,843 crore | Not specified |
| Net Debt-to-EBITDA Ratio | 2.6x | 3.8x (FY19) |
| EBITDA from AA+ Assets | 90% (50% AAA rated) | — |
| Average Interest Rate | 7.9% | 9% (FY24) |
| Floating Rate Debt | 10% | — |
| Operational Fund Flow | ₹66,527 crore | — |
1. What is the total cash reserve of Adani Group as of FY25?
The total cash reserve of Adani Group as of March 31, 2025, was ₹53,843 crore.
2. How much has Adani Group reduced its net debt-to-EBITDA ratio?
The net debt-to-EBITDA ratio improved from 3.8x in FY19 to 2.6x in FY25.
3. How has Adani Group’s credit rating improved in FY25?
Now about 90% of EBITDA comes from AA-rated or higher assets, while 50% comes from AAA-rated assets, thereby enhancing the group’s credit profile.
4. What is the interest rate trend on Adani Group’s debt?
The average interest rate declined from 9% in FY24 to 7.9% in FY25, indicating better financial planning.
5. What was Adani Group’s fund flow from operations in FY25?
Adani Group recorded fund flow from operations of ₹66,527 crore in FY25, indicating strong operating strength.
