Published 12:27 IST, August 19th 2024
Adani Group reports 32.87% YoY surge in EBITDA to Rs 22,570 crore for Q1 FY25
The quarter's strong results were driven by Adani Enterprises' emerging businesses, particularly in solar and wind manufacturing.
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ani Group earnings: ani Group has released its comprehensive Results and Credit Compendium for Q1 FY25, showcasing a robust financial performance. Group's EBITDA surged by 32.87 per cent year-on-year (YoY) to Rs 22,570 crore, contributing to a trailing twelve-month (TTM) EBITDA of Rs 79,180 crore—a 45.13 per cent increase from previous year.
quarter's strong results were driven by ani Enterprises' emerging businesses, particularly in solar and wind manufacturing. Group has established itself as India's largest player in fully integrated green hydrogen chain, as well as in airports and ros sectors. EBITDA of ani Enterprises’ infrastructure businesses grew by 69.98 per cent YoY, with se fast-growing segments w accounting for 13.3 per cent of Group’s overall EBITDA, up from 7.2 per cent a year ago.
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Key highlights include a 125 per cent YoY increase in solar module sales, enhanced profitability from operationalisation of photovoltaic cell lines, and significant growth in airport business. ani’s airport segment saw passenger movement surpass 90 million across seven operational airports for first time, alongside introduction of eight new routes, six new airlines, and 13 new flights during quarter.
Renewable energy sector
In renewable energy sector, ani Green Energy commenced construction on a 500 MW hydro pump stor project and operationalized a 250 MW wind capacity in Khavda, bringing its total capacity to 11.2 GW. ani Energy Solutions fully commissioned Khavda-Bhuj Transmission Line (KBTL) and Warora Kurol Transmission Line (WKTL), significantly bolstering national grid.
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ani Ports & SEZ reported commissioning of Vizhinjam port, India’s first transhipment port equipped with vanced container-handling techlogy, set to become operational in vember. In cement segment, Group infused Rs 15,000 crore into Ambuja Cements, with total capacity w reaching 89 MTPA following acquisition of Penna Cement.
This robust performance underscores ani Group's commitment to expanding its infrastructure and utility portfolio while maintaining strong financial growth.
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12:27 IST, August 19th 2024