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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.
