Ahmedabad, 20 February 2025: The Adani Group, today announced the release of Adani Portfolio’s Q3FY25 financial results along with Trailing-Twelve-Month (TTM) details and Credit Compendium.
Adani Portfolio companies are now on a high capex path, with a strong base of increasing cashflow generation and project execution outlay of respective portfolio companies. This will position the respective portfolio companies as the global leaders in their respective sectors.
Dec’24 TTM and Q3FY25 Performance Highlights
On a Trailing Twelve-Month basis (TTM), portfolio EBITDA grew by 10.1 per cent YoY to an all- time high of INR 86,789 crore; Q3FY25 EBITDA increased by 17.2 per cent to INR 22,823 crore.
Highly stable ‘Core Infrastructure’ portfolio continues to power cash flow generation, with an 84 per cent contribution to the total portfolio EBITDA. This ‘Core Infrastructure’ platform comprises—AEL’s incubating Infrastructure businesses and utility (Adani Green Energy, Adani Power, Adani Energy Solutions, and Adani Total Gas), and Transport (Adani Ports & SEZ) businesses.
The credit profile has now achieved a significant milestone with 75% of the Run-rate EBITDA now generated from assets with domestic ratings of ‘AA-‘ and above.
Adani Enterprises’ Incubating infra businesses (ANIL, airports, and roads) are on a high growth trajectory and continue to lead the growth with EBITDA growth of 45.6 per cent YoY in Q3FY25 and 33.3 per cent in TTM.
Sufficient liquidity is maintained across portfolio companies to cover debt servicing requirements for at least the next 12 months.
As on 30 September 2024, Adani Portfolio had a cash balance of INR 53,024 crore, representing 20.5 per cent of Gross Debt.
These expanding cash flows have enabled consistent investments while keeping the leverage at an all-time low. As on 30 September 2024:
FFO or Cash after tax for the trailing twelve months was at INR 58,908 crore.
Asset base was at INR 5.53 lakh crore, INR 75,277 crore higher than at the end of FY24.
Net Debt to EBITDA at 2.46x
Company-wise Key Highlights for 9MFY25:
Adani Enterprises Ltd
Raised INR 4,200 crore (USD 500 Mn) through QIP.
Adani New Industries Ltd (ANIL): solar module sales increased 74% YoY to 3,273 MW
Airports—Pax movements increased 7 per cent YoY to 69.7 Mn & Cargo movement was up by 11 per cent YoY to 0.82 MMT.
Data Centers: Hyderabad Phase 1 with 9.6 MW capacity is now operational; Noida (50 MW) and Hyderabad (48 MW) are over 95 per cent complete
Roads: 7 out of 8 under construction projects are now more than 60 per cent complete.
Adani Green Energy Ltd
Operational capacity increased by 37 per cent YoY to 11.6 GW.
Signed PPA with MSEDCL to supply 5 GW solar power for 25 years.
Adani Energy Solutions Ltd
Raised USD 1 Bn through QIP and concluded the divestment of 500 MW of Adani Dahanu Thermal
Won five new transmission projects—NES in Jamnagar Gujarat, NES in
Navinal(Mundra), Khavda Phase IVA, Khavda Phase IV Part-D, Rajasthan Phase III Part-I
(Bhadla – Fatehpur HVDC).
