Adani's Strategic Infrastructure Focus Powers Record-High Growth
Key Ideas
- Adani's portfolio companies achieved a new record-high gross total assets of Rs 5.53 lakh crore, driven by a strategic focus on infrastructure.
- EBITDA for H1 FY25 saw a 70.14% YoY increase from emerging infra businesses, including solar and wind manufacturing crucial for green hydrogen.
- Debt maturity is well-managed with sufficient liquidity for debt servicing needs for the next 12 months and beyond.
- Funds flow from operations (FFO) rose by 28.4% YoY, with core infrastructure businesses under Adani Enterprises contributing significantly to overall EBITDA.
The Adani Portfolio of companies has reported impressive results for H1 FY25 and the trailing twelve months. Investments totaling Rs 75,277 crore led to a new record-high gross total assets of Rs 5.53 lakh crore. This growth is attributed to Adani's strategic focus on infrastructure, providing stability and predictability. Adani Enterprises' performance was particularly notable, with a 70.14% YoY EBITDA increase in H1 FY25, driven by solar and wind manufacturing vital for the green hydrogen chain, airports, and roads. EBITDA growth remained strong, reaching Rs 44,212 crore in H1 FY25 and Rs 83,440 crore for TTM. Adjusted EBITDA growth rates were 25.5% and 34.3% for H1 FY25 and TTM, respectively. Adani Group highlighted the resilience of the growth and the liquidity to cover debt servicing needs. FFO rose by 28.4% YoY, with core infrastructure businesses playing a significant role in driving EBITDA. AEL's infrastructure businesses, with 70.1% YoY growth in H1 FY25, were key to the overall growth, notably in solar and wind manufacturing, airports, and roads.