key numbers
Adani Q4 Results Highlights
ADANI ENTERPRISES
EBITDA surges by 32% in FY24
Adani Enterprises posted strong financials for Q4 and FY24, with consolidated EBITDA up 32% to INR 13,237 crore and PBT (Profit Before Tax) up 56% to INR 5,640 crore. ANIL Ecosystem EBITDA surged 4.6 times to INR 2,296 crore, and airports EBITDA grew 45% to INR 2,437 crore, with air passenger traffic up 19% to 88.6 million. Key highlights include India's first large-sized monocrystalline ingot-wafer unit operational and the commissioning of Adani's 500 KTPA copper unit. Adani Airports inaugurated Phase I of Lucknow Airport's integrated terminal 3, and AdaniConneX's order book rose to 210 MW, with its Hyderabad site receiving a five-star grading from the British Safety Council.
ADANI PORTS & SEZ
50% profit surge, INR 6/share dividend declared
Adani Ports and Special Economic Zone reported a 50% jump in net profit for FY24, reaching a record cargo volume of 420 MMT, three times India's cargo growth rate. Revenue surged by 28% to INR 26,711 crore, with EBITDA up 44% to INR 15,751 crore. Despite challenges, net debt to EBITDA improved to 2.3x. The acquisition of Gopalpur and Karaikal ports is expected to drive growth. Operational highlights include handling 27% of India's cargo and 44% of container cargo. APSEZ aims for 460-480 MMT cargo volume and INR 29,000-31,000 crore revenue in FY25.
AMBUJA CEMENTS
Announces INR 2/share dividend
Ambuja Cements, a flagship company of the Adani Group, reports an outstanding financial year ending 31Mar 2024. Highlights include a 119% YoY increase in annualised Profit After Tax (PAT) reaching INR 4,738 crore. Key achievements include successful acquisitions, boosting cement capacity by 11.4 MTPA, and highest-ever sales volumes over the past two decades. Notable operational improvements include a 17% reduction in kiln fuel costs and increased utilisation of green power sources. The company's ESG initiatives demonstrate a commitment to sustainability, with plans for net-zero emissions by 2050 and significant societal contributions.
ADANI ENERGY SOLUTIONS
Fuels FY24 with resounding success
Adani Energy Solutions concludes FY24 with robust operational and financial performance, witnessing a 17% YoY increase in operational revenue to INR 14,217 crore, alongside a 7% YoY rise in operational EBITDA to INR 5,695 crore and a 12% YoY growth in Comparable PAT to INR 1,197 crore. AESL's commitment to sustainability is evident through improved ESG scores and accolades, including a 'B' rating in the CDP Climate Change 2023 score. As AESL continues to enhance transmission capabilities, expand distribution reach, and promote renewable energy adoption, its focus remains on driving sustainable growth and contributing to India's energy transition.
ADANI TOTAL GAS
Shares in focus after Q4 results
Adani Total Gas concludes FY24 with impressive results: overall volume up 15% YoY, with CNG stations reaching 547 and PNG household connections at 8.20 lakh. FY24 EBITDA stands at INR 1,150 crore, up 27% YoY.PAT at INR 653 crore, increased by 23%. Key highlights include the commissioning of Barsana CBG plant Phase 1 and 606 EV charging points across 14 states. Financially robust, the company maintains a healthy balance sheet with a Debt-to-Equity ratio at 0.41x and a reaffirmed AA- credit rating by ICRA. Awards include recognition for outstanding commitment in road safety and IGBC "Gold" certification for its corporate office.
ADANI POWER
Doubled EBITDA and surge in PBT
Adani Power reported robust Q4 FY24 results with continuing revenue up 29% to INR 13,787 crore and continuing EBITDA more than doubling to INR 5,273 crore. The consolidated PBT for the quarter has grown to nearly four times and stands at INR 3,558 crore. The surge in consolidated power sale volume, reaching 22.1 billion Units, reflects improved demand and operational efficiency. APL remains committed to supporting India's energy transition and is actively pursuing expansion opportunities to exceed 24 GW in generation capacity by 2029.
ACC
Profit jumps 3x YoY to INR 945 crore
ACC reported robust Q4 and FY 2023-24 results, with an annualised PAT of INR 2,337 crore, a remarkable 378% YoY increase. Q4 operating EBITDA surged by 79% to INR 837 crore, supported by a healthy cash reserve of INR 4,667 crore. The company's operational highlights include a 23.5% growth in sales volume and a 13% revenue increase YoY, with an expanded EBITDA margin of 15.5%. ACC's commitment to sustainability is evident through initiatives such as achieving net-zero commitments by 2050 and significant CSR efforts impacting over 1.4 million lives.
ADANI GREEN ENERGY
Revenue Surges 33%
Adani Green Energy reported a strong FY24 with an EBITDA of INR 7,222 crore, up 30% YoY, and revenue of INR 7,735 crore, marking a 33% YoY increase. Notable highlights include a revised RE target of 50 GW for 2030, up from 45 GW, and the addition of 2.8 GW of greenfield capacity in FY24. AGEL also achieved a run-rate EBITDA of INR 10,462 crore and significantly reduced Net Debt to Run-rate EBITDA to 4.0x. Operational capacity reached 10.9 GW, with 2 GW commissioned at the Khavda project in Gujarat. AGEL's focus on energy storage is evident with the initiation of a 500 MW hydro pumped storage project in Andhra Pradesh, aiming for 5 GW+ capacity by 2030.
ADANI WILMAR
Revenue crosses INR 51,000 crore
Adani Wilmar’s FY24 saw an impressive financial performance, with revenue reaching INR 51,262 crore. Notably, Q424 witnessed a significant PAT growth of 67% YoY to INR 157 crore. The Food & FMCG segment achieved a milestone by surpassing 1 million MT in sales volume and nearly doubling its revenue in FY24. Despite challenges in the export business of oil meals, the company recorded a 3% YoY increase in overall volume in Q424. The company’s profitability recovered in H2 FY24, with a reported PAT of INR 358 crore. The edible oils segment recorded revenue of INR 38,788 crore in FY24, while Food & FMCG segment reached INR 4,944 crore. Overall, the company surpassed 6 million MT in sales volume.