Adani Group's Multi-Decade Growth To Pivot Around Infrastructure And Utility Portfolios

The Adani Group companies' aim to leverage their high-tech infrastructure to power growth in the upcoming decades. The ports-to-power conglomerate's multi-decade story of high growth is centered around infrastructure and utility portfolio, the company said in an investor presentation. "Growth powered by core Infra supporting multi-decadal predictability and stability."

The Adani Group's earnings before interest, taxes, depreciation, and amortisation or EBITDA surged 45% to a lifetime high of Rs 82,917 crore, causing profit to jump 70.8% to a record high of Rs 40,129 crore. The operational performance resulted in all-time-high levels of liquidity for the group, with a cash balance of Rs 59,791 crore.

During FY24, Ebitda performance of the infrastructure and utility alone is above Rs 69,000 crore and accounts for 84% of the Ebitda of the portfolio companies, according to the presentation. Over the long term, this lends high degree of predictability, stability and visibility, it said.

Incubation continues to be a success story with the incubating assets of airports, green hydrogen and others now contributing about 9.27% of portfolio Ebitda and growing rapidly, the presentation said.

The conglomerate's core infra platform is powering free cash flow, and the cash balances of the group exceed long-term debt repayments for more than 30 months, it said.

Under the energy and utility arm, Adani Green Energy Ltd., Adani Power Ltd., Adani Energy Solutions Ltd. and Adani Total Gas Ltd. are the public companies, while Adani New Industries Ltd. and AdaniConneX are the unlisted firms. Meanwhile under the transport and logistics umbrella, Adani Ports and Special Economic Zone Ltd. is the only listed company.