Adani Group, one of India’s leading infrastructure conglomerates, on Monday announced the release of the Adani Portfolio’s latest Results and Credit Compendium. The Results Compendium provides a comprehensive overview of the financial performance of Adani Portfolio and the Credit Compendium offers in-depth insights into the portfolio’s robust credit strength.
The strong performance for the quarter was led by Adani Enterprises’ emerging businesses, including solar and wind manufacturing — India’s largest and part of a fully integrated green hydrogen chain — as well as its airports and roads sectors. These fast-growing businesses now contribute 13.3 per cent to the portfolio-level EBITDA, up from 7.2 per cent a year ago.
This expansive yet resilient growth is attributed to Adani’s strategic focus on its infrastructure platform, which provides high stability and predictability.
Its portfolio of companies reported first quarter adjusted net profit surge of 50.1% to ₹10,279 crore over the year ago period. EBITDA for the quarter ended June 30, 2024 grew 32.9% to ₹22,570 crore year on year (YoY).
Adani Enterprises
The solar manufacturing business (India’s first and largest vertically integrated solar PV manufacturer), operationalised MSPVL (Mundra Solar PV Ltd.) cell lines.
In airports, the annual passenger movement across 7 airports crossed 90 million for the first time. During the quarter, eight new routes, six new airlines, and 13 new flights were added across all seven airports. Further, 25 new brands were added at Lucknow airport after the Terminal 3 inauguration.
The roads business saw the highest ever 730 lane-km construction done during this quarter.
Adani Green Energy
Construction work for 500 MW hydro pump storage has commenced. Capacity addition of 31 per cent YoY during the quarter. Another 250-wind capacity was operationalised in July at Khavda, total capacity now stands at 11.2 GW.
Adani Energy Solutions
Khavda-Bhuj Transmission Line (KBTL) is fully commissioned. The line will enable 3 GW green power evacuation from Khavda. 1765 ckm Warora Kurnool Transmission Line (WKTL) has also been fully commissioned. By ensuring seamless power flow between western and southern regions it has strengthened the national grid.
Adani Ports & SEZ
Vizhinjam port, India’s first trans-shipment port, equipped with South Asia’s most advanced container-handling technology was formally commissioned in July and will become operational in November.
Adani Cements
Promoters infused Rs 15,000 crore in two tranches in Ambuja Cements in March and April, thus fully subscribing to the warrant programme and infusing a total of Rs 20,000 since the acquisition in September 2022. Adani Cements has also acquired Penna Cement, increasing the total capacity to 89 MTPA.
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