Adani Group has released its financial report for Q3FY25. According to this report, the group has achieved a record EBITDA of Rs 86,789 crore in the last 12 months (TTM), showing an increase of 10.1 percent compared to last year.
Upcoming Capex Plans to Boost Growth
Adani Group said in a press release that it is preparing for a large capital expenditure (Capex), which will be similar to its rapid growth between FY20 and FY22. This move will further strengthen the group’s infrastructure expansion.
Infrastructure Sector Powers Adani Group’s Success
84% of EBITDA Comes from Core Infrastructure: The main reason for the economic success of Adani Group is its core infrastructure businesses, which include utilities, transport and new infrastructure projects under Adani Enterprises Limited (AEL). These segments have contributed 84 percent of the total EBITDA.
Portfolio EBITDA grew 17.2 per cent to Rs 22,823 crore in Q3FY25, while the infrastructure sector alone generated EBITDA of Rs 72,795 crore, up 10 per cent over last year.
Adani Group is financially strong
Adani Group’s balance sheet and liquidity position is quite strong. As of September 30, 2024, the company had a cash balance of Rs 53,024 crore, which is sufficient to cover its debt servicing obligations for the next 12 months. The group’s asset base has reached Rs 5.53 lakh crore, up Rs 75,277 crore from FY24. Also, the net debt-to-EBITDA ratio remains healthy at 2.46x.
Adani Enterprises & Renewable Energy Business Growth
- AEL, which is the major driver of the group’s growth, reported a 15.6 per cent rise in EBITDA to Rs 4,243 crore in Q3FY25. The company has raised Rs 4,200 crore ($500 million) through a qualified institutional placement (QIP) to fund its upcoming infrastructure projects.
- Adani Green Energy Expands Solar Capacity to 11.6 GW
- Adani’s renewable energy unit, ANIL, saw a 74 per cent jump in solar module sales to 3,273 MW.
Growth in airports and data centres too
The group’s airports business grew 7 per cent to 69.7 million. At the same time, in data center operations, Hyderabad Phase 1 (9.6 MW capacity) has become operational, while the projects in Noida (50 MW) and Hyderabad (48 MW) are nearing completion.
Adani Green Energy (AGEL) expands
AGEL increased its operational capacity by 37 per cent to 11.6 GW. The company recently signed a power purchase agreement (PPA) with Maharashtra State Electricity Distribution Company Limited (MSEDCL) to supply 5 GW of solar power for 25 years.
Adani Energy Solutions (AESL) takes a big step
AESL raised $1 billion through QIP and secured 5 new transmission projects. This brings the company’s infrastructure pipeline to Rs 54,700 crore, three times the level at the end of FY24.
Adani Power and Adani Total Gas perform well
Adani Power reported a 21.4 per cent rise in EBITDA in Q3FY25 to Rs 6,078 crore. At the same time, Adani Total Gas added 58 new CNG stations to take the total number to 605. CNG volumes grew 19 per cent, while PNG household connections reached 9.22 lakh.
Dominance of Adani Ports & SEZ
Adani Ports & SEZ (APSEZ) retained its position as India’s largest commercial port operator. In 9MFY25, the company handled 332 million metric tonnes (MMT) of cargo, up 7 per cent over last year.
Adani Cement Expansion
Adani Cement, which comprises ACC and Ambuja Cements, recorded a 9.3 per cent growth in clinker and cement sales to 46.6 MMT. The company is preparing to take its capacity to 104 MTPA.
