Adani Enterprises Ltd announces highest half-yearly EBIDTA in H1FY25 results
Ahmedabad, 29 October 2024: Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, announced its results today for the quarter and half year ended 30 September 2024.
AEL’s constant endeavour on achieving operational efficiency across all business verticals along with incubating new asset base is reflected yet again in these results. AEL has recorded its highest half-yearly EBIDTA of INR 8,654 crore which is consistently supported by strong performance from emerging core infra businesses under its incubation portfolio. The emerging core infra businesses has recorded half-yearly EBIDTA of INR 5,233 crore with an increase of 85% on year-on-year basis on back of robust operational performance.
“Adani Enterprises Ltd (AEL) continues to focus on investing in logistics, energy transition and adjacent sectors that are core to the economic growth of the country. This record-breaking half-year performance has been led by Adani New Industries Ltd (ANIL) and Adani Airport Holdings Ltd (AAHL) with their rapid growth in capacity additions and asset utilisation,” said Mr Gautam Adani, Chairman of the Adani Group. “Our focus on execution of greenfield projects in ANIL across three giga scale integrated manufacturing plants and the accelerated development of Navi Mumbai International Airport are driving these robust results. Further, AEL is poised to repeat this turbo growth across data centres, roads, metals & materials and specialized manufacturing. AEL continues to invest in innovative technology across its platforms to support this high growth phase.”
Consolidated Financial Highlights (INR in crore)
| Particulars | Q2
FY24 |
Q2
FY25 |
% change
Y-o-Y |
H1
FY24 |
H1
FY25 |
% change
Y-o-Y |
|
| Total Income | 20,095 | 23,196 | 15% | 43,111 | 49,263 | 14% | |
| EBIDTA | 2,979 | 4,354 | 46% | 5,875 | 8,654 | 47% | |
| Profit Before Tax | 879 | 2,409 | 174% | 1,959 | 4,644 | 137% | |
| Profit After Tax1 | 228 | 1,747 | 6.6x | 903 | 3,206 | 2.5x | |
| Cash Accruals2 | 1,242 | 2,972 | 139% | 2,735 | 5,677 | 107% |
Note: 1. PAT attributable to owners 2. Cash Accruals is equal to Profit Before Tax + Depreciation – Current Taxes
Incubating Businesses Financial Highlights
| Particulars | Q2
FY24 |
Q2
FY25 |
% change
Y-o-Y |
H1
FY24 |
H1
FY25 |
% change
Y-o-Y |
|
| ANIL Ecosystem | |||||||
| Total Income | 1,939 | 3,115 | 60% | 3,837 | 7,634 | 99% | |
| EBIDTA | 628 | 1,121 | 78% | 983 | 2,763 | 181% | |
| PBT | 526 | 916 | 74% | 801 | 2,341 | 192% | |
| Airports | |||||||
| Total Income | 1,946 | 2,276 | 17% | 3,657 | 4,453 | 22% | |
| EBIDTA | 568 | 744 | 31% | 1,080 | 1,426 | 32% | |
| PBT | (65) | (148) | – | (163) | (237) | – | |
Operational Highlights
| Volume | Q2
FY24 |
Q2
FY25 |
% change
Y-o-Y |
H1
FY24 |
H1
FY25 |
% change
Y-o-Y |
|
| ANIL Ecosystem | |||||||
| Module Sales (MW) | 630 | 1001 | 59% | 1244 | 2380 | 91% | |
| WTG (Sets) | – | 15 | #1 | – | 56 | #1 | |
| Airports | |||||||
| Pax movement (Mn) | 21.3 | 22.3 | 5% | 42.6 | 45.1 | 6% | |
| ATMs (‘000) | 146.8 | 153.3 | 4% | 288.4 | 305.4 | 6% | |
| Cargo (Lacs MT) | 1.9 | 2.8 | 47% | 4.2 | 5.5 | 31% | |
| Roads | |||||||
| Construction (L-KM) | 12.5 | 180.4 | 13.4x | 92.3 | 910.4 | 8.8x | |
| Mining Services | |||||||
| Dispatch (MMT) | 6.2 | 8.2 | 32% | 12.6 | 17.5 | 39% | |
| IRM | |||||||
| Volume (MMT) | 18.8 | 13.7 | (27%) | 36.6 | 29.1 | (21%) | |
#1 Commercial production and supply of WTG sets started from Q3 FY24
| Capital market transactions |
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Business Updates
| Adani New Industries Ecosystem |
| Solar manufacturing
· Module sales cross 2 GW during first six months; export increased by 64% and domestic sale increased by 139% · EBITDA margins continued to improve on account of improved realization and operational efficiency through integrated production of cell & module line |
| Wind Turbine manufacturing
· The 5.2 MW & 3.0 MW WTG using ANIL blades listed in RLMM · Final type certificate received for 3.3 MW WTG and applied for RLMM listing · 300th Blade production milestone crossed during this quarter |
RLMM: Revised List of Models & Manufacturers
MEP: Mechanical, Electrical & Plumbing
| AdaniConnex Pvt Ltd (ACX – Data Centre) |
| Noida Data Centre
· Construction Completion ~95% of 50MW core & shell + 10 MW MEP |
| Hyderabad Data Centre
· Construction Completion ~98% for Phase I – 9.6 MW |
| Pune Data Centre
· Pune I ~38% and Pune II ~61% for Phase I – 9.6 MW |
| Adani Airports Holdings Ltd (AAHL – Airports) |
| · Navi Mumbai International Airport welcomes first IAF aircraft
· During the quarter 6 new routes, 6 new airlines and 13 new flights added · Thiruvananthapuram International Airport has been accredited to Level 2 of the Airport Customer Experience Accreditation Programme by ACI for continuous improvement in customer experience |
| Adani Road Transport Ltd (ARTL – Roads) |
| · Provisional COD received for first BOT Project “Panagarh-Palsit” in the state of West Bengal and HAM Project “Kodad Khammam” in the state of Telangana |
PCWR: Pollution Control Waste Management & Recycling
| ESG Highlights |
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