Adani Ports & SEZ

APSEZ Delivers Record Q4 FY25 with INR 3,023 crore PAT, Expands Global Reach

APSEZ reported a strong Q4 FY25 performance with 23% year-on-year (YoY) revenue growth to INR 8,488 crore, EBITDA up 24% to INR 5,006 crore, and PAT (Profit after Tax) rising 50% to INR 3,023 crore. Cargo volumes reached 118 MMT in the quarter, contributing to a record 450 MMT for FY25. Mundra became India’s first port to cross 200 MMT annually, while Vizhinjam surpassed 100,000 TEUs (Twenty Foot Equivalent Units) in just four months. APSEZ expanded its footprint by acquiring Gopalpur Port, launching Colombo West Terminal, and securing a 30-year deal for Tanzania’s Dar es Salaam Port. The company also grew its marine and logistics sectors. With a cash reserve of INR 8,991 crore and a net debt to EBITDA ratio of 1.9x, APSEZ recommended a dividend per share of INR 7, totaling INR 1,500 crore. On the ESG front, it commissioned 225 MW of renewable power and ranked among the Top 10 global transport infrastructure firms in the 2024 S&P Global Corporate Sustainability Assessment, making steady progress toward its Net Zero 2040 goal.

Adani Enterprises

Adani Enterprises Q4 Profit Soars 7.5x

Adani Enterprises posted impressive results for Q4 FY25, with consolidated EBITDA rising 19% YoY to INR 4,346 crore and Profit Before Tax increasing 6.6x to INR 5,259 crore. Profit After Tax surged by 7.5x to INR 3,845 crore, driven by exceptional gains from the sale of a 13.5% stake in AWL. For FY25, AEL reported consolidated EBITDA of INR 16,722 crore, a 26% increase, and PAT of INR 7,112 crore, reflecting a 120% rise. The company’s incubating businesses showed significant growth, with the ANIL Ecosystem seeing a 63% increase in total income and 73% growth in EBITDA, while the Airports segment saw 29% YoY income growth. AEL also announced a healthy cash position with cash accruals of INR 1,190 crore in Q4FY 25 and a strong focus on sustainability, achieving an A- rating from CDP for its commitment to reducing GHG emissions. The company continues to lead in green energy, mining services and infrastructure, positioning itself as a key player in India’s growth story.

ACC

ACC Posts Solid Q4 with Record Liquidity and Strong Sustainability Gains

For the quarter ended 31 Mar 2025, ACC reported an Operating EBITDA of INR 830 crore with a margin of 13.7%. The company maintained a strong liquidity position with cash and cash equivalents at INR 3,593 crore, the highest ever. PAT stood at INR 751 crore, compared to INR 943 crore in the same quarter last year. EBITDA Per Metric Tonne (PMT) was INR 698 crore, against INR 800 crore PMT in Q4 FY24. Earnings per share (EPS) for the quarter were INR 39.9. In line with its consistent shareholder returns, the Board recommended a dividend of INR 7.50 /share. On the sustainability front, ACC touched 22.5% green power consumption during the quarter, marking a rise of 10.3 percentage points YoY. Embracing circular economy practices, the company utilised over 12.8 million tonnes of waste-derived resources. Through its CSR initiatives, ACC created positive societal impact for 2.1 million lives, focusing on healthcare, education, employment and sustainable livelihoods.

Adani Energy Solutions

Achieves Record Growth in Q4 FY25 with Green Expansion

Adani Energy Solutions reported record-high performance for Q4 and FY25, reflecting robust growth across key financial metrics. PAT for Q4 surged 87% YoY to INR 714 crore, while FY25 PAT rose 103% YoY to INR 2,427 crore, excluding an exceptional item. Q4 EBITDA stood at INR 2,262 crore, up 28%, and for the full year, EBITDA increased by 23% to INR 7,746 crore. Total income for FY25 grew by 42% YoY to INR 24,447 crore, with Q4 income rising 35.9% to INR 6,596 crore. This strong performance was driven by newly commissioned transmission projects, resilient energy sales, and an expanding smart metering business. AESL maintained a healthy financial position with a comfortable net debt to EBITDA ratio of 3.2x. Reinforcing its commitment to sustainability, the company achieved significant ESG milestones, including sourcing 36% of its power from renewable energy in the Mumbai distribution circle.

Adani Total Gas

Adani Total Gas Expands Reach and Delivers Solid Financials in Q4 FY25

Adani Total Gas reported a strong operational and financial performance in Q4 and FY25, with CNG volumes rising 18% YoY and overall sales volume up 13% for the quarter. The company expanded its CNG network to 647 stations, connected over 9.63 lakh homes with PNG, and completed ~13,772 Inch Km of steel pipelines. Revenue from operations grew 15% YoY to INR 1,448 crore for Q4FY25, with an EBITDA of INR 274 crore and PAT of INR 149 crore. On a consolidated basis, Q4 PAT stood at INR 155 crore. For FY25, revenue rose 12% to INR 5,398 crore, EBITDA stood at INR 1,167 crore, and PAT was INR 648 crore. ATGL also energised 2,338 of the 3,401 installed EV charging points across 26 states/UTs, becoming India’s No.1 airport CPO, and launched “Harit Amrit” organic manure under its biomass business. ESG performance strengthened with the DJSI net ESG score improving from 54 to 62, positioning ATGL among the top 80th percentile globally.

Adani Green Energy

AGEL Delivers Record Growth with 37% Surge in Q4

Adani Green Energy reported a strong Q4 FY25 performance with revenue from power supply rising by 37% YoY to INR 2,666 crore, EBITDA from power supply growing by 35% YoY to INR 2,453 crore and a sustained industry-leading EBITDA margin of 91.0%. Cash profit stood at INR 1,231 crore, up 18% YoY. The company's operational renewable capacity expanded by 30% YoY to 14.2 GW, with an additional 1 GW nearing completion, reinforcing progress towards the 50 GW target. AGEL achieved a historic 3.3 GW of greenfield capacity addition during FY25, the highest ever by any renewable energy company in India, contributing 16% to India’s utility-scale solar additions and 14% to wind installations. The company's solar assets at Khavda delivered a strong Capacity Utilisation Factor (CUF) of 32.4% in Q4 FY25. Progress continued on the development of the world’s largest renewable energy project at Khavda-Gujarat, with 4.1 GW operationalised within two years and a target of 30 GW by 2029. AGEL retained its leadership in global ESG rankings, achieving top positions in assessments by FTSE Russell, ISS ESG, Sustainalytics, and CRISIL.

Ambuja Cements

Ambuja Cements Sees Record Q4, Crosses 100 MTPA Milestone

Ambuja Cements posted its best Q4 FY25 performance, recording its highest-ever quarterly volume at 18.7 MnT (up 13% YoY), with revenue from operations at INR 9,889 crore and consolidated PAT at INR 1,282 crore. The company achieved its highest ever quarterly EBITDA at INR 1,868 crore, with EBITDA/PMT at INR 1,001 and margins at 18.9%. Standalone PAT grew 75% YoY to INR 929 crore. Operational efficiencies continued to strengthen, with kiln fuel costs reduced by 14%, logistics costs down to INR 1,238/ton, and green power usage rising to 26.1% of total consumption. Ambuja also commissioned 299 MW of RE power and maintained a healthy cash and cash equivalent of INR 10,125 crore. With a dividend of INR 2 /share and the achievement of over 100 MTPA capacity, Ambuja is now the world’s 9th largest cement company, showcasing strong growth, sustainability focus, and digital transformation initiatives.

Adani power

Adani Power registers Q4 FY25 Growth, Eyes 30,670 MW by 2030

In Q4 FY25, Adani Power reported a strong performance with an 18.9% increase in power generation to 26.4 Billion Units (BU) and a 5.3% rise in revenue to INR 14,522 crore. However, EBITDA was slightly lower at INR 5,098 crore due to higher operating costs from newly acquired plants and lower merchant tariffs. Profit After Tax stood at INR 2,599.23 crore, reflecting a slight decline from the previous year. The company’s sustainability efforts were highlighted by a 102% fly ash utilisation rate and a water intensity of 2.21 m³/MWh, both exceeding regulatory standards. Looking ahead, APL plans to expand its capacity from 17,550 MW to 30,670 MW by 2030 through a combination of brownfield and greenfield projects, with a focus on mitigating execution risks through strategic equipment orders and supply chain management.