The Adani Group companies reported record results for the first half of this fiscal (H1 FY25) as well as the trailing-twelve-month (TTM) period. Adani Portfolio companies invested Rs 75,277 Crore in H1 FY25, boosting its gross assets to Rs 5.53 lakh crore. Meanwhile, the Adani Group’s EBITDA soared to an all-time high, reaching Rs 44,212 crore in H1 FY25, up 1.2% YoY, and Rs 83,440 crore on a trailing-twelve-month basis, marking a 17.1% YoY increase.
After adjusting for the non-recurring previous period’s income, Adani Power’s EBITDA growth accelerated to 25.5% for H1 FY25 and 34.3% for the trailing twelve months. The Adani Group’s run-rate EBITDA, which factors in the annualized profits from newly operationalized assets, has now surged to Rs 88,192 crore. “Core infrastructure businesses (utility, transport, and infra businesses under Adani Enterprises) accounted for 86.8% of total EBITDA in H1 FY25,” said Adani Group.
Additionally, the Adani Group’s Funds Flow from Operations (FFO) for the 12 months ending September 2024 jumped a significant 28.4% year-over-year to Rs 58,908 crore. “Cash reserves now stand at INR 53,024 crore—20.53% of Gross Debt. This amount is sufficient to cover the next ~28 months of debt servicing requirements,” informed the Adani Group.
What The Adani Group Said?
“All portfolio companies have sufficient liquidity to cover all debt servicing requirements for at least the next 12 months. Debt maturities for each year until FY34 are less than TTM ended September 2024,” the Group said in a statement. “Net Debt to EBITDA at 2.46x was significantly below the guidance of 3.5x to 4.5x,” informed the Group.
“The strong performance in the first half was led by Adani Enterprises’ emerging infra businesses, including solar and wind manufacturing, part of a fully integrated green hydrogen chain, airports and roads—EBITDA from these incubating businesses increased by 70.14% YoY in H1 FY25,” said the Adani Group.
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