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Adani Q3 FY25 Results Highlights
Adani Enterprises
Strong Q3 FY25 Growth Across Infrastructure and Renewable Sectors
Adani Enterprises reported its Q3 FY25 results, showing a steady performance across its businesses. EBITDA remained stable at INR 3,723 crore, while profit before tax fell to INR 576 crore due to currency-related losses in Australia. The renewable energy segment (ANIL Ecosystem) performed well, with solar module sales increasing by 40% and wind turbine production growing nearly six times. The Airports business saw an 8% rise in passenger numbers to 24.6 million, with Mumbai Airport receiving a top global customer experience award and Navi Mumbai Airport completing a key test flight. The Roads division achieved record construction, building 805 lane-km—almost five times more than last year—while mining services also saw a strong 55% growth in output. AEL is also expanding its data center business in Hyderabad, Noida, and Pune. Chairman Gautam Adani emphasised the company’s commitment to building infrastructure, driving clean energy, and creating long-term value for India.
Adani Ports & SEZ
14% PAT Growth, Record Cargo Volumes and Strong Operational Performance
Adani Ports and Special Economic Zone delivered an impressive Q3 FY25 performance with a 15% YoY rise in revenue to INR 7,964 crore and a 15% YoY increase in EBITDA to INR 4,802 crore. PAT grew by 14% to INR 2,518 crore for the quarter. Cargo volumes reached 113 MMT (+4% YoY), with significant growth in container and liquid cargo. The company launched its Trucking Management Solution (TMS) to enhance logistics integration and commenced operations at Vizhinjam port. APSEZ also signed a 30-year agreement for Dar es Salaam Port, placed India’s largest harbour tug order, and received global sustainability recognition from S&P Global. With revised EBITDA guidance of INR 18,800-18,900 crore for FY25, APSEZ continues to strengthen its market leadership and expand its infrastructure footprint.
Ambuja Cements
17% Volume Growth, Doubling of PAT, and Continued Strategic Expansion
Ambuja Cements reported strong Q3 FY25 results, with a 17% YoY increase in sales volume, reaching 16.5 MnT, marking the highest-ever quarterly cement sales. The company achieved an EBITDA of INR 1,712 crore with a margin of 18.4%, driven by efficiency gains, cost leadership, and improved fuel and logistics management. With a robust capacity expansion plan, Ambuja aims to reach 104 MTPA by Q4 FY25 and 118 MTPA by FY26. The company’s Profit after Tax (PAT) more than doubled YoY to INR 2,620 crore, reflecting strong operational and financial performance. Cash reserves stood at INR 8,755 crore, with zero debt and a net worth of INR 62,535 crore. Ambuja continues to strengthen its ESG initiatives, including the commissioning of 200 MW of solar power and its ongoing commitment to achieving Net Zero by 2050.
Adani Power
Adani Power Up With 26% YoY PBT Growth in Q3 FY25
Adani Power reported strong financial results for Q3 FY25, with a notable 26% YoY increase in Profit Before Tax (PBT) to INR 4,059 crore, driven by improved power sale volumes and higher one-time income. The company’s consolidated revenue for Q3 FY25 grew by 11% YoY to INR 14,833 crore, while EBITDA rose 23% YoY to INR 6,185 crore, reflecting higher power sales and operational efficiency. Power sale volume increased by 8% YoY to 23.3 billion units, supported by higher capacity utilisation and improved demand. The company’s PAT grew by 7% to INR 2,940 crore. Key highlights include strategic acquisitions, a focus on sustainability with more than 100% fly ash utilisation across nearly its entire fleet, and strong ESG performance.
ACC
Shatters Records with 21% Sales Growth, 103% PAT Surge
In Q3 FY25, ACC achieved impressive results, with a 21% YoY growth in sales volume, reaching a record 10.7 MnT. The company reported its highest-ever quarterly revenue of INR 5,927 crore, a 21% increase YoY, and operating EBITDA of INR 1,116 crore, reflecting a margin of 18.8%. Profit After Tax surged 103% YoY to INR 1,092 crore, with Earnings Per Share (EPS) rising to INR 58.0, up INR 29.4 YoY. ACC also strengthened its balance sheet, with cash and cash equivalents reaching INR 2,526 crore and net worth at an all-time high of INR 17,816 crore. Kiln fuel costs were reduced by 10%, and logistics costs saw a 9% decrease. The company also improved its green power consumption by 5.7 percentage points to 18.7% and increased its Alternative Fuel & Raw Material (AFR) consumption by 0.4 percentage points to 9.6%.
Adani Green Energy
Boosts Renewable Capacity and Sales
Adani Green Energy reported a robust financial performance for Q3 FY25, with a 13% YoY increase in revenue from power supply, reaching INR 1,993 crore, and a 13% rise in EBITDA from power supply to INR 1,848 crore. The company achieved an industry-leading EBITDA margin of 92.0% and a 15% YoY increase in cash profit, which stood at INR 991 crore. Operationally, AGEL’s renewable energy capacity grew by 37% YoY to 11.6 GW, while energy sales surged 23% YoY to 20,108 million units. AGEL contributed 15% of the nationwide utility-scale solar installations and 12% of wind installations in CY24, further solidifying its leadership in the Indian renewable energy sector.
Adani Total Gas
Sees 15% Volume Growth and 28 New CNG Stations
Adani Total Gas posted strong growth in Q3 FY25 with a 15% YoY increase in combined CNG and PNG volumes, reaching 257 MMSCM. The company expanded its CNG network to 605 stations and added 28,677 PNG connections, totaling 9.22 lakh homes. Revenue rose by 12% YoY to INR 1,397 crore, while EBITDA declined by 10% to INR 272 crore, and PAT dropped 17% to INR 143 crore. For 9M FY25, revenue grew by 11% to INR 3,950 crore, and PAT increased by 2% to INR 499 crore. ATGL also expanded its EV charging network and continued its commitment to sustainability with 25 rainwater harvesting sites.
Adani Energy Solutions
AESL Achieves 80% PAT Growth and Secures Major Projects
In Q3 FY25, Adani Energy Solutions reported a strong performance with PAT of INR 625 crore, up 80% YoY, and an adjusted PAT of INR 440 crore, reflecting a 26% YoY growth. The company achieved EBITDA of INR 1,831 crore, a 6% YoY increase, with total income rising 24.4% YoY to INR 6,000 crore. Operational revenue grew 15.4% YoY to INR 4,173 crore, while transmission network expansion reached 225 ckm, bringing the total to 25,778 ckm. Energy demand in AEML Mumbai grew by 3%, and in Mundra Utility, it surged by 30%. AESL's smart meter deployment continues to progress, with a run rate of 15,000 metres per day, targeting 20,000 metres per day in the next quarter.The transmission order book stands at INR 54,761 crore, while capex for 9MFY25 reached INR 7,475 crore, up from INR 3,784 crore in the same period last year. Additionally, AESL's ESG score improved to 73/100, surpassing the global electricity utilities average.
Compiled by Poonam Advani