Ahmedabad, November 2, 2023: Adani Enterprises Ltd (AEL), part of the Adani Group, today announced its results for the quarter and half year ended September 30, 2023
AEL, has made significant progress in its strong incubation pipeline during the first half of the fiscal year 2023-24. The company’s latest results showcase the emergence of key incubating businesses, including green hydrogen integrated manufacturing ecosystem, airports and roads, which collectively contributed 48% of the overall EBITDA.
“We are fundamentally reshaping the essence of incubation scale and velocity,” said Mr. Gautam Adani, Chairman of the Adani Group. “Adani Enterprises covers sectors that span energy, utility, transport, D2C, and primary industries. With many ventures now market-ready and thriving, our H1 FY23-24 results have been boosted by the core infra incubating businesses, thereby being a strong testament to our incubating ventures.”
Financial Highlights Q2 FY24 (Consolidated) (YoY Basis):
- EBIDTA increased by 39% to Rs. 2,979 cr on account of strong incubating businesses
- Cash Accruals1 increased by 26% to Rs. 1,242 cr
Quarterly Business Updates (YoY):
- Adani New Industries Ecosystem
| Solar manufacturing | · Total operational capacity at 4.0 GW
· Module sales increased by 205% to 630 MW · India’s first wafer produced |
| Wind Turbine manufacturing | · Received Final type certificate for Prototype 1
· Enlisted in RLMM & Started Commercial operations · Commissioned Prototype 2 · Nacelle & Hub Facility – Commenced Commercial production |
- AdaniConnex Pvt Ltd (ACX – Data Center)
- Update on overall project completion at Data Centers
| Data Center | Status |
| Chennai Phase-I 17 MW | Operational |
| Noida – 50 MW | 63% |
| Hyderabad – 48 MW | 65% |
- Orderbook of 111+ MW from Hyperscale & Enterprise customers
- Adani Water Ltd (AWL – Water)
- Achieved Commercial Operation Date certificate for Prayagraj water project
- Adani Airports Holdings Ltd (AAHL – Airports)
Adani Airports handled at seven operation airports;
- Pax movements up by 31% to 21.4 Mn passengers
- Air Traffic Movements up by 17% to 148.2 K
- Cargo stood at 1.9 Lacs MT