Adani Group Reports Record Ebitda Growth Of 63.6% In Q3
The 12-month Ebitda stood at Rs 78,823 crore, which is 37.8% higher than the FY23 Ebitda.
Adani Group reported a record Ebitda growth of 63.6% year-on-year in Q3 FY24, driven by its core infrastructure business.
The 12-month Ebitda stood at Rs 78,823 crore, which is 37.8% higher than the FY23 Ebitda, a press release on Thursday said. The core infrastructure platform generated Rs 66,208 crore Ebitda over the last 12 months, a 35.4% YoY jump.
The group has maintained a cash balance of Rs 44,572 crore as of Dec. 31, 2023. The net debt to Ebitda ratio has reduced to 2.5 times as of September 2023. The debt coverage till September 2023 was at 2.1 times and the gross assets to net debt was at 2.5 times.
"The emerging infrastructure businesses, including the ANIL ecosystem (green hydrogen ecosystem), airports and roads, have picked up momentum over the past few quarters and now contribute 45% of Adani Enterprises Ltd.’s total Ebitda," the press release said.
The airports operated by the group have seen a 23% year-on-year increase in passengers, with seven operational airports.
The group's operational renewable capacity has increased to 9,029 MW after the commissioning at the Khavda renewable energy park. The energy park will become the world's largest renewable park over the next five years, it said.
The domestic cargo handled by Adani Ports and Special Economic Zone Ltd. also jumped 23% year-on-year in the quarter ended December. The company in the first nine months of the financial year handled 311 MT of cargo.
Adani Cements Ltd.'s capacity increased 15% to 77.4 MTPA in Q3, with 8.6 MTPA additional capacity.
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