Adani Portfolio Achieves Record EBITDA Growth

Soars 47% YoY in H1FY24, Surpassing INR 43,000 Crore

Ahmedabad : Adani Portfolio has unveiled its remarkable financial performance for the first half of fiscal year 2024. It has showcased a robust 47% YoY growth in EBITDA. Reaching a historic high of INR 43,688 crore (USD 5.3 billion). The core infrastructure businesses have been the driving force, contributing 86% of the total EBITDA.

Key Highlights:

1. Strong Financial Performance:

The H1 FY24 EBITDA stands at INR 43,688 crore (USD 5.3 billion). Marking a 47% YoY growth—its highest-ever half-yearly increase.

2. Diverse Portfolio Contributions:

Core infrastructure businesses, providing predictability and stability. Contributed significantly, making up 86% of the total EBITDA.

3. Impressive Growth Trajectory:

The Trailing Twelve-Month EBITDA of INR 71,253 crore (USD 8.6 billion). It is nearly three times that of FY19.

4. Liquidity Strength: Adani Portfolio reports the highest-ever Cash & Balances of INR 45,895 crore (USD 5.5 billion). Reinforcing its enhanced liquidity position.

Jugeshinder (Robbie) Singh, Group CFO, stated, “The Portfolio has withstood the test of time and has a track record of tremendous growth. In spite of macroeconomic and other challenges.”

H1 FY24 Business-wise Highlights:

1. Incubating Assets:

Assets under incubation, including Airports, Green Hydrogen, and others. Contribute nearly 8% of the portfolio EBITDA.

2. Green Hydrogen Success:

The low-cost green hydrogen integrated manufacturing witnesses exceptional growth. With a 212% YoY revenue surge and a 10x increase in EBITDA.

3. Airports Business:

Adani Enterprises’ airports business sees a 29% YoY growth in passenger traffic. Resulting in a substantial 42% revenue increase.

4. Cement Business:

Ambuja & ACC, part of Adani’s portfolio, records over 100% YoY growth in H1 FY24 EBITDA. Showcasing operational synergy benefits.

5. Renewable Milestone:

Adani Green Energy achieves a milestone EBITDA of INR 8,325 crore (USD 1 billion). Marking a remarkable 76% YoY growth.

6. Ports Achievement:

Adani Ports & SEZ achieves a significant milestone. With domestic cargo volumes surpassing the 200 MMT mark within six months. Growing at over 2x the overall cargo volume growth in India.