Adani Enterprises Ltd announces Consolidated Results for the quarter ending June 30, 2024
Ahmedabad, August 1, 2024: Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, announced its results today for the quarter ended June 30, 2024
The emerging core infra businesses comprising of ANIL Ecosystem, Airports and Roads are consistently making significant strides in their operational performance. The contribution of these businesses to the overall EBIDTA has now increased to 62% in Q1 FY25 compared to 45% in Q1 FY24. ANIL Ecosystem solar manufacturing and wind turbine businesses has recorded highest ever EBIDTA of Rs. 1,642 cr with an increase of 3.6x on Y-o-Y basis and now contributes 38% to total EBIDTA on back of its robust operational performance.
“Adani Enterprises Ltd (AEL) is further expanding its position as India’s leading business incubator and a global model in infrastructure development,” said Mr Gautam Adani, Chairman of the Adani Group. “The substantial growth in our EBIDTA, driven by the exceptional performance of the ANIL ecosystem, our airport operations and our road construction business, underscores our commitment to operational excellence and sustainable value creation. The combination of best-in-class management practices, state-of-the-art technologies, high ratings and fully-funded growth strategies, ensures that AEL continues to set new national and international benchmarks.”
Scheme of Arrangement for Food FMCG business
Adani Enterprises as an incubator continues to incubate new businesses and create sustainable and long-term value for its stakeholders. Over the years, we have a track record of successfully incubating businesses across various sectors which are currently leading players in their respective sectors and delivering substantial returns to their shareholders.
In line with above, the Board of Director of AEL have approved demerger of the food FMCG business of AEL to Adani Wilmar Limited along with AEL’s strategic investment in Adani Commodities LLP. The food FMCG business has become self-sustained, performing well and poised for further growth under AWL. For AEL, this arrangement will not only unlock the value for shareholders but also allow focused strategy for sustainable growth in its incubating businesses.
