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Consolidated financial highlights H1 FY25 (YoY)

  • Revenue increased by 14% to INR 49,263 crore
  • EBIDTA increased by 47% to INR 8,654 crore driven by continued strong operational performance by the Adani New Industries Ltd (ANIL) ecosystem and Airports
  • PBT increased by 137% to INR 4,644 crore

Capital market transactions

  • AEL has raised INR 4,200 crore (USD ~500 Mn) through QIP which was subscribed with participation from international and domestic investors
  • AEL and its subsidiaries have raised INR 3,874 crore (USD ~460 Mn) through issuances of NCDs which were subscribed by diversified set of investors

Business highlights

  • Received Letter of Award for electrolyser manufacturing facility for 101.5 MW p.a. from SECI taking cumulative awarded capacity to 300 MW p.a.
  • Navi Mumbai International Airport welcomes first IAF aircraft
  • Provisional COD received for first BOT Project “Panagarh-Palsit” and HAM Project “Kodad Khammam”
  • Letter of Award received for development & operation of Iron Ore mine at Taldih with capacity of 7 MTPA from SAIL

Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, announced its results today for the quarter and half year ended 30 September 2024.

AEL’s constant endeavour on achieving operational efficiency across all business verticals along with incubating new asset base is reflected yet again in these results. AEL has recorded its highest half-yearly EBIDTA of INR 8,654 crore which is consistently supported by strong performance from emerging core infra businesses under its incubation portfolio. The emerging core infra businesses has recorded half-yearly EBIDTA of INR 5,233 crore with an increase of 85% on year-on-year basis on back of robust operational performance.

“Adani Enterprises Ltd (AEL) continues to focus on investing in logistics, energy transition and adjacent sectors that are core to the economic growth of the country. This record-breaking half-year performance has been led by Adani New Industries Ltd (ANIL) and Adani Airport Holdings Ltd (AAHL) with their rapid growth in capacity additions and asset utilisation,” said Mr Gautam Adani, Chairman of the Adani Group. “Our focus on execution of greenfield projects in ANIL across three giga scale integrated manufacturing plants and the accelerated development of Navi Mumbai International Airport are driving these robust results. Further, AEL is poised to repeat this turbo growth across data centres, roads, metals & materials and specialized manufacturing. AEL continues to invest in innovative technology across its platforms to support this high growth phase.”
Consolidated Financial Highlights (INR in crore)
Particulars Q2 FY24 Q2 FY25 % Change YoY H1 FY24 H1 FY25 % Change YoY
Total Income 20,095 23,196 15% 43,111 49,263 14%
EBIDTA 2,979 4,354 46% 5,875 8,654 47%
Profit Before Tax 879 2,409 174% 1,959 4,644 137%
Profit After Tax1 228 1,747 6.6x 903 3,206 2.5x
Cash Accruals2 1,242 2,972 139% 2,735 5,677 107%

Note: 1. PAT attributable to owners 2.Cash Accruals is equal to Profit Before Tax + Depreciation – Current Taxes

Incubating Businesses Financial Highlights (INR in crore)
Particulars Q2 FY24 Q2 FY25 % Change YoY H1 FY24 H1 FY25 % Change YoY
ANIL Ecosystem
Total Income 1,939 3,115 60% 3,837 7,634 99%
EBIDTA 628 1,121 78% 983 2,763 181%
PBT 526 916 74% 801 2,341 192%
Airports
Total Income 1,946 2,276 17% 3,657 4,453 22%
EBIDTA 568 744 31% 1,080 1,426 32%
PBT (65) (148) — (163) (237) —
Operational Highlights
Volume Q2 FY24 Q2 FY25 % Change YoY H1 FY24 H1 FY25 % Change YoY
ANIL Ecosystem
Module Sales (MW) 630 1,001 59% 1,244 2,380 91%
WTG (Sets) — 15 #1 — 56 #1
Airports
Pax movement (Mn) 21.3 22.3 5% 42.6 45.1 6%
ATMs (‘000) 146.8 153.3 4% 288.4 305.4 6%
Cargo (Lacs MT) 1.9 2.8 47% 4.2 5.5 31%
Roads
Construction (L-KM) 12.5 180.4 13.4x 92.3 910.4 8.8x
Mining Services
Dispatch (MMT) 6.2 8.2 32% 12.6 17.5 39%
IRM
Volume (MMT) 18.8 13.7 (27%) 36.6 29.1 (21%)

#1Commercial production and supply of WTG sets started from Q3 FY24

Capital market transactions

  • AEL has raised INR 4,200 crore (USD ~500 Mn) through QIP which was subscribed with participation from international and domestic investors
  • AEL has raised INR 800 crore (USD ~100 Mn) through maiden public issuance of NCDs which is first public issue by any private corporate in last decade
  • AEL’s airport arm AAHL has raised INR 1,950 crore (USD ~230 Mn) through issuance of NCDs with participation from Mutual Funds and Banks
  • AEL’s road business arm ARTL’s SPVs has raised INR 1,124 crore (USD ~130 Mn) through issuance of AAA rated NCDs with structured maturities up to 11 years

Business Updates

Adani New Industries Ecosystem

Solar manufacturing

  • Module sales cross 2 GW during first six months; export increased by 64% and domestic sale increased by 139%
  • EBITDA margins continued to improve on account of improved realization and operational efficiency through integrated production of cell & module line

Wind Turbine manufacturing

  • The 5.2 MW & 3.0 MW WTG using ANIL blades listed in RLMM
  • Final type certificate received for 3.3 MW WTG and applied for RLMM listing
  • 300th Blade production milestone crossed during this quarter

RLMM: Revised List of Models & Manufacturers

AdaniConnex Pvt Ltd (ACX - Data Centre)

Noida Data Centre

  • Construction Completion ~95% of 50MW core & shell + 10 MW MEP

Hyderabad Data Centre

  • Construction Completion ~98% for Phase I - 9.6 MW

Pune Data Centre

  • Pune I ~38% and Pune II ~61% for Phase I - 9.6 MW

MEP: Mechanical, Electrical & Plumbing

Adani Airports Holdings Ltd (AAHL - Airports)

  • Navi Mumbai International Airport welcomes first IAF aircraft
  • During the quarter 6 new routes, 6 new airlines and 13 new flights added
  • Thiruvananthapuram International Airport has been accredited to Level 2 of the Airport Customer Experience Accreditation Programme by ACI for continuous improvement in customer experience

Adani Road Transport Ltd (ARTL - Roads)

  • Provisional COD received for first BOT Project “Panagarh-Palsit” in the state of West Bengal and HAM Project “Kodad Khammam” in the state of Telangana

PCWR: Pollution Control Waste Management & Recycling

ESG Highlights

  • Mumbai Airport is honoured with the prestigious CII 25th national award for excellence in energy management.
  • Ahmedabad International Airport declared winner for PCWR Excellence Award
  • Guwahati & Thiruvananthapuram International Airport declared winner for PCWR Waste Management & Recycling Leadership Award
  • Jaipur International Airport has won the Platinum Award in 16th Exceed Environment Award 2024 under the category of Environment & Sustainability in Aviation Sector

About Adani Enterprises Ltd

Adani 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 sizeable and scalable businesses like Adani Ports & SEZ, Adani Energy Solutions, Adani Power, Adani Green Energy, Adani Total Gasand Adani Wilmar, the company has contributed to make India self-reliant with our robust businesses. This has also led to significant returns to our shareholders for three decades.

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

For more information, please visitwww.adanienterprises.com

Adani enterprises

Adani Enterprises Ltd announces highest half-yearly EBIDTA in H1FY25 results

Ahmedabad

29 October 2024

Consolidated EBIDTA increased by 47% to INR 8,654 crore

Consolidated PBT increased by 137% to INR 4,644 crore

Incubating Businesses EBIDTA up by 85% to INR 5,233 crore