Ahmedabad, Nov 25 (IANS) The Adani Portfolio of companies on Monday reported record results for the first half of this fiscal (H1 FY25) as well as the trailing-twelve-month (TTM) period. In H1 FY25, the portfolio companies invested Rs 75,277 crore, increasing the total gross assets to a record Rs 5.53 lakh crore.
Consistently advancing EBITDA reached its highest ever, For H1 FY25, EBITDA stood at Rs 44,212 crore (up 1.2 per cent YoY), taking TTM EBITDA at Rs 83,440 crore (up 17.1 per cent YoY).
After adjusting for the non-recurring previous period’s income in Adani Power, the EBITDA growth was at 25.5 per cent for H1 FY25 and 34.3 per cent for TTM, respectively.
Run-rate EBITDA, which includes annualisation of profits from recently operationalised assets, is now at Rs 88,192 crore, said the Group.
“This expansive yet resilient growth is attributed to Adani’s strategic focus on its infrastructure platform, which provides high stability and predictability,” the Adani Group said in a statement.
“All portfolio companies have sufficient liquidity to cover all debt servicing requirements for at least the next 12 months. Debt maturities for each year until FY34 are less than TTM ended September 2024,” it added.
Funds flow from operations (FFO) for the 12 months ended September 2024 increased to Rs 58,908 crore, up 28.4 per cent YoY.
The strong performance in the first half was led by Adani Enterprises Ltd’s (AEL) emerging infra businesses, including solar and wind manufacturing, part of a fully integrated green hydrogen chain, airports and roads, as EBITDA from these incubating businesses increased by 70.14 per cent YoY in H1 FY25.
Core infrastructure businesses (utility, transport, and infra businesses under Adani Enterprises) accounted for 86.8 per cent of total EBITDA in H1 FY25.
“Net Debt to EBITDA at 2.46x was significantly below the guidance of 3.5x to 4.5x,” informed the Group.
AEL’s infrastructure businesses with 70.1 per cent YoY growth in the H1 FY25, led the overall growth. These businesses include solar and wind manufacturing (part of the green hydrogen production chain), airports and roads businesses.
–IANS
na/
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by BhaskarLive.in and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of BhaskarLive.in We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, BhaskarLive.in takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
