Adani Enterprises Ltd announces Q4 and FY24 Results
Ahmedabad, May 2, 2024: Adani Enterprises Ltd (AEL), part of the Adani Group, today announced its results for the quarter and year ended March 31, 2024.
The emerging core infra businesses comprising of ANIL Ecosystem, Airports and Roads are making significant strides in their operational performance. The contribution of these businesses to the overall EBIDTA has consistently increased to 45% for FY24 compared to 40% in FY23.
“Adani Enterprises has once again validated its position not only as the premier business incubator in India but also as a global leader in infrastructure development,” said Mr Gautam Adani, Chairman of the Adani Group. “AEL’s resilient growth model of incubation confirms the operational and organizational excellence. This is supported by high ratings and fully funded growth. Our commitment to excellence in project management and operations continues to set global benchmarks, ensuring sustainable long-term value creation for our stakeholders. We remain dedicated to corporate governance, meticulous compliance, robust performance and effective capital flow management.”
Consolidated Financial Highlights (Rs. in Crore)
| Particulars | Q4
FY23 |
Q4
FY24 |
YoY
Change |
FY23 | FY24 | YoY
Change |
| Total Income | 29,311 | 29,630 | 1% | 1,28,734 | 98,282 | (24%) |
| EBIDTA | 3,974 | 3,646 | (8%) | 10,012 | 13,237 | 32% |
| Profit Before Tax | 1,554 | 1,322 | (15%) | 3,607 | 5,640 | 56% |
| Profit After Tax1 | 735 | 449 | (39%) | 2,464 | 3,240 | 31% |
| Cash Accruals2 | 2,249 | 1,662 | (26%) | 5,277 | 7,076 | 34% |
Note: 1. PAT attributable to owners 2. Cash Accruals is equal to Profit Before Tax + Depreciation – Current Taxes
Incubating Businesses Financial Highlights
| Business | Particulars | Q4
FY23 |
Q4
FY24 |
YoY
Change |
FY23 | FY24 | YoY
Change |
| ANIL Ecosystem | Total Income | 908 | 2,775 | 2.1x | 3,567 | 8,741 | 145% |
| EBIDTA | 89 | 641 | 6.2x | 411 | 2,296 | 4.6x | |
| PBT | 35 | 536 | 14.3x | 152 | 1,884 | 11.4x | |
| Airports | Total Income | 1,657 | 2,195 | 32% | 5,989 | 8,062 | 35% |
| EBIDTA | 288 | 662 | 130% | 1,681 | 2,437 | 45% | |
| PBT | (275) | 29 | 111% | (538) | (68) | 87% |
Operational Highlights
| Business | UoM | Q4 FY23 | Q4 FY24 | YoY
Change |
FY23 | FY24 | YoY
Change |
|
| ANIL Ecosystem | Module Sales | MW | 315 | 797 | 153% | 1,275 | 2,679 | 110% |
| WTG | Sets | – | 47 | #1 | – | 54 | #1 | |
| AAHL – Airports | Pax movement | Mn | 21.3 | 23.2 | 9% | 74.4 | 88.6 | 19% |
| ATMs | ‘000 | 146.4 | 153.0 | 5% | 538.7 | 593.8 | 10% | |
| Cargo | Lacs MT | 1.8 | 1.7 | (9%) | 7.8 | 8.1 | 3% | |
| ARTL – Roads | Construction | Lane-KMs | 37.7 | 284.6 | 7.5x | 284.1 | 514.8 | 81% |
| Mining Services | Production | MMT | 10.0 | 11.4 | 14% | 29.7 | 32.5 | 9% |
| Dispatch | MMT | 7.9 | 10.7 | 35% | 25.4 | 30.9 | 22% | |
| IRM | Volume | MMT | 20.5 | 24.7 | 21% | 88.1 | 82.1 | (7%) |
#1 Commercial production and supply of WTG sets started from Q3 FY24 I UoM: Unit of Measurement
Business Updates:
| Adani New Industries Ecosystem |
| Solar manufacturing
· India’s first large-sized monocrystalline ingot and wafer unit of 2 GW capacity operational · The TopCon Cell line of 2.0 GW became operational in March 2024 |
| Wind Turbine manufacturing
· Order Book at 254 sets · Provisional Type Certificate received from WindGuard Certification GmbH for Prototype 2 using ANIL blades · ANIL 5.2MW WTG recognized as Bronze winner among the up to 5.6 MW capacity WTGs globally by Windpower |
| AdaniConnex Pvt Ltd (ACX – Data Center) |
| Noida Data Center
· Construction Completion ~81% of 50MW core & shell + 10 MW MEP (Mechanical, Electrical & Plumping works) |
| Hyderabad Data Center
· Construction Completion ~88% for Phase I – 9.6 MW |
| Pune Data Center
· Pune I ~10% and Pune II ~18% for Phase I – 9.6 MW |
| Order Book & Awards
· 210+ MW Order book from Hyperscale & Enterprise customers · AdaniConneX’s AI based safety analytics tool has been honored with Gold SKOCH ESG Award 2024 · AdaniConneX’s Hyderabad site first in India to receive Five-star grading from British safety council |
| Adani Airports Holdings Ltd (AAHL – Airports) |
| · Air passenger traffic showed a strong growth of 19% in FY24
· Inaugurated Phase I of Integrated terminal 3 of Lucknow airport · During the quarter 10 New Routes, 7 New Airlines and 18 New Flights added · Mumbai Airport won the Cargo Airport of the Year – India Award – The STAT Times International Award for Excellence in Air Cargo demonstrates the best in quality of service and performance |
