Stronger than Ever: Adani Portfolio Reports Record-Breaking Performance

The Adani Group has released its Credit and Result Compendium for the financial year 2023-24, highlighting the stability of the Group. The report shows the Group’s commitment to transparency by providing detailed insights for stakeholders and the public.

The Group’s EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) rose to INR 82,917 Cr (approximately USD 10 billion), making a record 45% YOY (year-on-year) increase. Notably, 94% of this EBITDA came from core infrastructure businesses, ensuring stable and predictable cash flow. Cash profit from FFO (Funds Flow from Operations) reached INR 56,828 Cr (approximately USD 7 billion), up 51% year-on year. Adani’s strong asset base, built over three decades, now stands at INR 478,137 Cr (approximately USD 57 billion), a 16% increase. These assets serve a consumer base of over 350 million users.

Equity deployed to total assets is at an all-time high of 62%, up from 55% in FY 23. Cash reserves also hit a record high of INR 59,791 Cr (approximately USD 7 billion), reflecting a 48.5% YOY increase. Additionally, leverage, measured as Net Debt to EBITDA, has decreased to 2.2x from 3.3x at the end of FY23, reaching a multi-year low.