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Adani Enterprises Ltd 9M FY22 Results

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Consolidated EBIDTA increased by 45% to Rs. 3,187 crore

Attributable profits stood at Rs. 472 crore

Took over Jaipur, Guwahati and Thiruvananthapuram Airports in Oct 21

Formed “Adani New Industries Ltd” for green hydrogen generation & allied products

 

Business Highlights :
Vertical Highlights
Airports Took over Jaipur, Guwahati and Thiruvananthapuram Airports in October 21, now holding portfolio of seven operational airports
Roads Received LOA of Rs. 17,100 Cr for construction & maintenance for three greenfield Ganga Expressway Projects of 464 kms in Uttar Pradesh
Others •  Incorporated “Adani New Industries Ltd” for generation of green hydrogen, related downstream products, manufacture of wind turbines, batteries, electrolyzers etc

•  Signed MoU with POSCO for establishment of a green, environment friendly integrated Steel mill at Mundra Gujarat with approximate investment of USD 5 Bn

 

Operational Highlights (YoY Basis):

Vertical 9M FY22 Q3 FY22
Developing Businesses
Airports Handled 24.5 Mn Customers Handled 14.5 Mn Customers
Established Businesses
Solar Manufacturing Volume up by 2% to 801 MW Volume at 263 MW vs 285 MW
Mining Services Production volume up by 75% to 19.1 MMT Production volume up by 61% to 8.2 MMT
Integrated Resources Management (IRM) Volume up by 6% to 47.4 MMT Volume at 14.6 MMT vs 21.4 MMT

 

Financial Highlights 9M FY 22 (Consolidated) (YoY Basis):

·         Total Income increased by 70% to Rs. 45,291 crore

·         EBIDTA increased by 45% to Rs. 3,187 crore

·         Attributable PAT from Established Businesses increased by 114% to Rs. 1,538 crore

Other Updates – IPO by Adani Wilmar :

·       Adani Wilmar Ltd, a 50:50 joint venture of Adani Enterprises and Wilmar Group made its entry into Indian Capital Markets, thus becoming the 7th listed entity of Adani Portfolio.

·       It is committed to supply healthy and quality food products to Indian consumers.

Ahmedabad, February 14, 2022: Adani Enterprises Ltd, (AEL) part of the Adani Group, today announced its results for the nine months and quarter ended December 31, 2021.

Financial Highlights 9M FY22 (Consolidated) (YoY Basis):

 Financial Highlights Q3 FY22 (Consolidated) (YoY Basis):

“Our strategy of AEL remaining India’s fastest multi-industry incubator remains unchanged,” said Mr Gautam Adani, Chairman of the Adani Group. “With the IMF recently identifying India as becoming the fastest growing nation coming out of the pandemic, India has the tailwind required to be able to produce multiple companies, both in the digital space and in the physical space, at a pace faster than our country has ever been able to achieve. Add to this the focus on new energy businesses which, by itself, will see the intersection of sustainability and digitization creating a level of value and the kind of jobs that did not even exist a couple of years ago. We are well positioned to capitalize on these trends, the tailwind that will propel India ahead and our ability to execute. Our confidence in the ability of our nation to become one of the fastest incubators of multi-industry unicorns has never been higher.”

 Business Updates (Q3 FY22) :

Updates in Developing Businesses for Q3 FY22

  1. Airports
    • Took over Jaipur, Guwahati and Thiruvananthapuram Airports in October 21.
    • With this, our airports portfolio now includes 7 operational airports and 1 greenfield airport.
    • During the quarter, Adani Airports witnessed significant improvement in its operations and handled –
  1. Roads
Project State Completion %
Bilaspur Pathrapali Chhattisgarh 88%
Suryapet Khammam Telangana 61%
Mancherial Repallewada Telangana 48%
VIjaywada Bypass Andhra Pradesh 7%
Nanasa Pidgaon Madhya Pradesh 4%
  1. AdaniConneX (Data Center segment – JV with EdgeConneX)

Updates on Established Businesses for Q3 FY22

  1. 1. Solar Manufacturing
  1. Mining Services