Adani Enterprises Ltd FY22 Results, Consolidated EBIDTA increased by 45% to Rs. 4,726 crore
Ahmedabad : Adani Enterprises Ltd, (AEL) part of the Adani Group, today announced its results for the year and quarter ended March 31, 2022.
Financial Highlights FY22 (Consolidated) (YoY Basis):
- Total Income increased by 75% to Rs. 70,433 crore on account of significant increase in prices in IRM segment.
- EBIDTA increased by 45% to Rs. 4,726 crore post consolidation of Mumbai Airport w.e.f. Q2 FY22 and higher margins in IRM business.
- Attributable PAT from Established Businesses increased by 74% to Rs. 2,038 crore on account of higher EBIDTA in IRM segment. Overall attributable PAT stood at Rs. 777 crore.
Financial Highlights Q4 FY22 (Consolidated) (YoY Basis):
- Total Income increased by 84% to Rs. 25,142 crore on account of improved realization on the back of higher prices in IRM segment.
- EBIDTA increased by 44% to Rs. 1,538 crore due to higher contribution from Airports business on the back of MIAL consolidation.
- Attributable PAT increased by 30% to Rs. 304 crore vs 234 crore on account of improved performance of both developing and established business.
“AEL as the most successful incubator in India continues to develop exciting new businesses which are strategically linked to Adani portfolio of companies,” said Mr Gautam Adani, Chairman of the Adani Group. “AEL’s existing business have strengthened their performance and we see exciting journey ahead for our new businesses like networked airport eco-systems, road and water infrastructure and green data centers. Add to this, the focus on new energy businesses and digital consumer platform, along with our ability to execute, will propel the shareholders’ value. We remain confident in India’s ability to become one of the fastest incubators of multi-industry unicorns.”
Business Updates (Q4 FY22) :
Updates in Developing Businesses for Q4 FY22
- Airports
- Achieved financial closure for greenfield Navi Mumbai International Airport project with State Bank of India for entire debt of Rs.12,770 Cr and taking Mumbai city a step closer to making it another landmark utility.
- Construction work commenced at Navi Mumbai Airport during the quarter.
- During the quarter, Adani Airports handled –
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- 12.4 Mn passengers
- 96 k Air Traffic Movements
- 1.6 Lacs MT Cargo
- Roads
- Update on five projects which are under execution :
| Project | State | Completion % |
| Bilaspur Pathrapali | Chhattisgarh | 96% |
| Suryapet Khammam | Telangana | 76% |
| Mancherial Repallewada | Telangana | 60% |
| VIjaywada Bypass | Andhra Pradesh | 17% |
| Nanasa Pidgaon | Madhya Pradesh | 7% |
- Received LOA of Rs. 2,008 Cr for Kagal-Satara road project of 67 kms in Maharashtra on BOT basis.
- Concession agreement signed for three greenfield Ganga Expressway Projects of 464 kms in Uttar Pradesh on Build, Operate and Transfer (BOT) basis.
- With this, total roads portfolio increased to 14 projects for construction / operation of roads aggregating to 5,000+ Lane Kms.
- Data Center segment – AdaniConneX, a JV with EdgeConneX
- 85% of construction of Chennai Data Center completed.
- Construction at Noida Data Center to be initiated in Q1 23.
Updates on Established Businesses for Q4 FY22
- 1. Solar Manufacturing
- Existing capacity of 1.5 GW being expanded to 3.5 GW, which will be completed by Q2 FY23
- With strong order book of 0.4 GW, the company will continue to focus on this segment to have sustainable growth
- Mining Services
- Significant ramp up in Gare Pelma III, Talabira and Kurmitar mines led to increase in productions volumes by 28% in Q4 FY22
- Two of the subsidiaries have been declared as successful bidders for two commercial coal mines at Bijahan, Odisha and Gondbahera Ujheni East, Madhya Pradesh
