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Adani Enterprises Ltd announces 9M FY25 results

Adani Enterprises Ltd announces 9M FY25 results

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Ahmedabad, January 30, 2025: Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, announced its results today for the quarter and nine months ended December 31, 2024.

AEL’s nine-month results represent strength and consistency of its incubating businesses, which have delivered robust operational and financial performance quarter after quarter. Strong growth in the emerging core infra businesses led by Adani New Industries (Green Hydrogen Ecosystem) and Adani Airports reflect the scale of opportunities of their respective sectors. During nine-months ended December 31, 2024, AEL has recorded its highest consolidated nine-months EBITDA of Rs. 12,377 crore with contribution of 62% from incubating businesses.

“This exceptional nine-month performance underscores Adani Enterprises Ltd’s position as a powerhouse for nurturing transformative infrastructure and energy transition sectors,” said Mr Gautam Adani, Chairman of the Adani Group. “Strong growth across our incubating businesses, from energy transition to logistics and adjacencies, highlights the immense potential of our core plus portfolio. These results are a testament to our focus on execution, operational excellence, innovation and sustainability as we continue to set new benchmarks across sectors. With each milestone, AEL reaffirms its commitment to creating long-term value for its stakeholders while contributing to India’s progress and global competitiveness.”

Consolidated Financial Highlights

(Rs. in Crore) 

Particulars Q3

FY24

Q3

FY25

% change

Y-o-Y

9M

FY24

9M

FY25

% change

Y-o-Y

Total Income 25,540 23,501 (8%) 68,651 72,763 6%
EBITDA 3,716 3,723 9,591 12,377 29%
Profit Before Tax 2,360 576# (75%) 4,319 5,220 21%
Profit After Tax1 1,888 58 (97%) 2,790 3,254 17%
Cash Accruals2 2,679 1,102 (59%) 5,414 6,779 25%

Note: 1. PAT attributable to owners 2. Cash Accruals is equal to Profit Before Tax + Depreciation – Current Taxes

# Q3-25 results include impact of high notional forex MTM loss in finance cost of Australia mining due to depreciation of AUD

Incubating Businesses Financial Highlights 

 

Particulars

Q3

FY24

Q3

FY25

% change

Y-o-Y

9M

FY24

9M

FY25

% change

Y-o-Y

ANIL Ecosystem
Total Income 2,130 2,941 38% 5,966 10,575 77%
EBITDA 673 903 34% 1,655 3,666 121%
PBT 547 691 26% 1,348 3,033 125%
Airports
Total Income 2,209 2,939 33% 5,866 7,393 26%
EBITDA 695 1,101 59% 1,774 2,527 42%
PBT 66 237 2.6x (97) 0

 Operational Highlights 

Volume Q3

FY24

Q3

FY25

% change

Y-o-Y

9M

FY24

9M

FY25

% change

Y-o-Y

ANIL Ecosystem
Module Sales (MW) 638 893 40% 1882 3273 74%
WTG (Sets) 7 48 5.9x1 7 104 13.8x1
Airports
Pax movement (Mn) 22.7 24.6 8% 65.4 69.7 7%
ATMs (‘000) 152.3 160.5 5% 440.7 466.0 6%
Cargo (Lacs MT) 2.5 2.7 9% 7.4 8.2 11%
Roads
Construction (L-KM) 137.9 805.1 4.8x 230.2 1715.5 6.5x
Mining Services
Dispatch (MMT) 7.6 11.8 55% 20.2 29.3 45%
IRM
Volume (MMT) 20.8 12.1 (42%) 57.4 41.2 (28%)

#1 Commercial production and supply of WTG sets started from Q3 FY24

Business Updates 

Adani New Industries (ANIL – Green Hydrogen Ecosystem)
Solar manufacturing

·         Module sales records ~3.3 GW during nine months on back of export growth of 20%

and domestic sale increase of 176%

·         EBITDA margins continue to rise on account of improved realization and operational efficiency through integrated production of cell and module line

Wind Turbine manufacturing

·         3.3 MW WTG model got listed in RLMM, taking ANIL Wind business offerings to four listed WTG models

·         400th Blade production milestone crossed during this quarter

 

AdaniConnex Pvt Ltd (ACX – Data Center)
Hyderabad Data Center

·         The Phase I of Hyderabad Data Center is operational with capacity of 9.6 MW

Noida Data Center

·         Construction completion ~99% of 50MW core & shell and 10 MW MEP

·         Pre-construction activities started for remaining 40 MW MEP

Pune Data Center

·         Construction completion for Pune I ~59% and Pune II ~73% for Phase I – 9.6 MW each

MEP: Mechanical, Electrical & Plumbing

Adani Airport Holdings Ltd (AAHL – Airports)
·         Navi Mumbai Airport successfully conducted first commercial flight validation test and now a step closer to become operational

·         Mumbai Airport becomes first in India and third in world to receive prestigious Level 5 Accreditation from ACI for exemplary standards in customer experience

·        During the quarter 14 new routes, 4 new airlines and 9 new flights added

ACI: Airport Council of India

Natural Resources – MDO
·         Portfolio of 11 mining service contracts, of which five are operational

·         Dispatch volume of 29.3 MMT during nine months as per customer schedule

 

ESG Highlights
·         AEL has demonstrated exceptional performance with a sector-leading net score of 63 out of 100 in the S&P Global Corporate Sustainability Assessment (CSA) for 2024. This marks a significant improvement from our previous score of 49 in 2023.

 

 

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