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Adani Enterprises Ltd (AEL), part of the Adani Group, today announced its results for the quarter and half year ended September 30, 2023 

 

AEL, has made significant progress in its strong incubation pipeline during the first half of the fiscal year 2023-24. The company's latest results showcase the emergence of key incubating businesses, including green hydrogen integrated manufacturing ecosystem, airports and roads, which collectively contributed 48% of the overall EBITDA.  

 

“We are fundamentally reshaping the essence of incubation scale and velocity,” said Mr. Gautam Adani, Chairman of the Adani Group. “Adani Enterprises covers sectors that span energy, utility, transport, D2C, and primary industries. With many ventures now market-ready and thriving, our H1 FY23-24 results have been boosted by the core infra incubating businesses, thereby being a strong testament to our incubating ventures.” 

Financial Highlights Q2 FY24 (Consolidated) (YoY Basis): 

  •  EBIDTA increased by 39% to Rs. 2,979 cr on account of strong incubating businesses 
  • Cash Accruals1 increased by 26% to Rs. 1,242 cr

Quarterly Business Updates (YoY):  

  • Adani New Industries Ecosystem 

        Solar manufacturing

  • Total operational capacity at 4.0 GW
  • Module sales increased by 205% to 630 MW
  • India’s first wafer produced

        Wind Turbine manufacturing

  • Received Final type certificate for Prototype 1
  • Enlisted in RLMM & Started Commercial operations
  • Commissioned Prototype 2
  • Nacelle & Hub Facility – Commenced Commercial production

AdaniConnex Pvt Ltd (ACX - Data Center)   

  • Update on overall project completion at Data Centers

                    Chennai Phase-I 17 MW: Operational 

                    Noida – 50 MW : 63%

                    Hyderabad – 48 MW: 65% 

  •  Orderbook of 111+ MW from Hyperscale & Enterprise customers

Adani Water Ltd (AWL - Water)    

  • Achieved Commercial Operation Date certificate for Prayagraj water project

Adani Airports Holdings Ltd (AAHL - Airports)     

Adani Airports handled at seven operation airports;

  • Pax movements up by 31% to 21.4 Mn passengers
  • Air Traffic Movements up by 17% to 148.2 K
  • Cargo stood at 1.9 Lacs MT

About Adani Power Ltd.   

AAdani Enterprises Limited (AEL) is the flagship company of Adani Group, one of India’s largest business organisations. Over the years, Adani Enterprises has focused on building emerging infrastructure businesses, contributing to nation-building and divesting them into separate listed entities. Having successfully built unicorns like Adani Ports & SEZ, Adani Energy Solutions, Adani Power, Adani Green Energy, Adani Total Gas and Adani Wilmar, the company has contributed significantly to make the country self-reliant with our portfolio of robust businesses. This has also led to significant returns to our shareholders over 3 decades. 

 

The next generation of its strategic business investments are centered around green hydrogen ecosystem, airport management, data center, roads and primary industry like copper and petrochem all of which have significant scope for value unlocking.  

 

For more information, please visit www.adanienterprises.com 

For media queries, please contact: Roy Paul | roy.paul@adani.com 

For investor relations, please contact: Saurabh Shah | saurabh.shah1@adani.com; Manan Vakharia  | mananj.vakharia@adani.com

Financial Highlights H1 FY24 (Consolidated) (YoY Basis):

  • EBIDTA increased by 43% to Rs. 5,874 cr
  • Cash Accruals1 increased by 48% to Rs. 2,733 cr
  • Incubating assets backed EBIDTA increased by 111% to Rs. 2,825 cr
  • Incubating assets backed businesses PBT increased by 22x to Rs. 1,210 cr

Business Highlights: 

ANIL Ecosystem 

        Solar Manufacturing

  • Ingot pilot plant completed
  • ANIL produces India’s first wafer

        Wind Manufacturing

  • Successfully enlistment in the Revised List of Models & Manufacturers and commercial production started
  • Received Wind Guard certification affirming international recognition

AWL - Water  

  • Achieved Commercial Operation Date certificate for Prayagraj Water project

AAHL -Airports  

  • Mumbai Airport became the 1st in India & 3rd in the world to receive the Level 4 customer experience accreditation 
  • Ahmedabad Airport has inaugurated New Arrival & Departure Immigration block in T2 
  • Domestic Cargo Terminal operationalized at Jaipur Airport 

Operational Highlights (YoY Basis):  

ANIL Ecosystem 

  • Modules volume up by 132% to 1244 MW 

AAHL - Airports  

  • Pax movements up by 29% to 42.7 Mn from seven operational airports
  • Air Traffic movements up by 15% to 289.8K

Primary Industries -  Mining Services 

  • Production maintained at 13.5 MMT
  • Dispatch maintained at 12.6 MMT

Primary Industries - IRM  

  • Volume stood at 36.6 MMT

Adani Enterprises 

Adani Enterprises Ltd H1 FY24 Results 

Ahmedabad

2 November 2023

Consolidated EBIDTA increased by 43% to Rs. 5,874 cr 

Emerging core infra incubating businesses contributed 48% of Total EBIDTA 

Incubating assets backed EBIDTA increased by 111% to Rs. 2,825 cr