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Consolidated financial highlights 9M FY25 (YoY)

  • Revenue increased by 6% to Rs. 72,763 cr
  • EBITDA increased by 29% to Rs. 12,377 cr driven by continued strong operational performance by ANIL Ecosystem and Airports
  • PBT increased by 21% to Rs. 5,220 cr

Business highlights

  • Navi Mumbai airport successfully conducted first commercial flight validation test and now a step closer to become operational
  • Phase I of Hyderabad Data Center with capacity of 9.6 MW fully operational
  • ANIL wind business has now four models listed in RLMM with the listing of 3.3 MW WTG model in current quarter
  • AEL has demonstrated exceptional performance in the S&P Global Corporate Sustainability Assessment (CSA) for 2024 and is ranked among the top five companies globally in ESG performance out of 180 sector peers

Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, announced its results today for the quarter and nine months ended December 31, 2024.

AEL’s nine-month results represent strength and consistency of its incubating businesses, which have delivered robust operational and financial performance quarter after quarter. Strong growth in the emerging core infra businesses led by Adani New Industries (Green Hydrogen Ecosystem) and Adani Airports reflect the scale of opportunities of their respective sectors. During nine-months ended December 31, 2024, AEL has recorded its highest consolidated nine-months EBITDA of Rs. 12,377 crore with contribution of 62% from incubating businesses.

"This exceptional nine-month performance underscores Adani Enterprises Ltd’s position as a powerhouse for nurturing transformative infrastructure and energy transition sectors," said Mr Gautam Adani, Chairman of the Adani Group. "Strong growth across our incubating businesses, from energy transition to logistics and adjacencies, highlights the immense potential of our core plus portfolio. These results are a testament to our focus on execution, operational excellence, innovation and sustainability as we continue to set new benchmarks across sectors. With each milestone, AEL reaffirms its commitment to creating long-term value for its stakeholders while contributing to India's progress and global competitiveness."
Consolidated Financial Highlights (Rs. in Crore)
Particulars Q3 FY24 Q3 FY25 % Change YoY 9M FY24 9M FY25 % Change YoY
Total Income 25,540 23,501 (8%) 68,651 72,763 6%
EBITDA 3,716 3,723 — 9,591 12,377 29%
Profit Before Tax 2,360 576# (75%) 4,319 5,220 21%
Profit After Tax1 1,888 58 (97%) 2,790 3,254 17%
Cash Accruals2 2,679 1,102 (59%) 5,414 6,779 25%

Note:1.PATattributabletoowners2. CashAccrualsisequaltoProfitBeforeTax+Depreciation–CurrentTaxes

#Q3-25resultsincludeimpactofhighnotionalforexMTMlossinfinancecostofAustraliaminingduetodepreciationofAUD

Incubating Businesses Financial Highlights
Particulars Q3 FY24 Q3 FY25 % Change YoY 9M FY24 9M FY25 % Change YoY
ANIL Ecosystem
Total Income 2,130 2,941 38% 5,966 10,575 77%
EBITDA 673 903 34% 1,655 3,666 121%
PBT 547 691 26% 1,348 3,033 125%
Airports
Total Income 2,209 2,939 33% 5,866 7,393 26%
EBITDA 695 1,101 59% 1,774 2,527 42%
PBT 66 237 2.6x (97) 0 —
Operational Highlights
Volume Q3 FY24 Q3 FY25 % Change YoY 9M FY24 9M FY25 % Change YoY
ANIL Ecosystem
Module Sales (MW) 638 893 40% 1882 3273 74%
WTG (Sets) 7 48 5.9x1 7 104 13.8x1
Airports
Pax movement (Mn) 22.7 24.6 8% 65.4 69.7 7%
ATMs (‘000) 152.3 160.5 5% 440.7 466.0 6%
Cargo (Lacs MT) 2.5 2.7 9% 7.4 8.2 11%
Roads
Construction (L-KM) 137.9 805.1 4.8x 230.2 1715.5 6.5x
Mining Services
Dispatch (MMT) 7.6 11.8 55% 20.2 29.3 45%
IRM
Volume (MMT) 20.8 12.1 (42%) 57.4 41.2 (28%)

Business Updates

Adani New Industries (ANIL - Green Hydrogen Ecosystem)

Solar manufacturing

  • Module sales records ~3.3 GW during nine months on back of export growth of 20%
  • and domestic sale increase of 176%
  • EBITDA margins continue to rise on account of improved realization and operational efficiency through integrated production of cell and module line

Wind Turbine manufacturing

  • 3.3 MW WTG model got listed in RLMM, taking ANIL Wind business offerings to four listed WTG models
  • 400th Blade production milestone crossed during this quarter
  • AdaniConnex Pvt Ltd (ACX - Data Center)

Hyderabad Data Center

  • The Phase I of Hyderabad Data Center is operational with capacity of 9.6 MW

Noida Data Center

  • Construction completion ~99% of 50MW core & shell and 10 MW MEP
  • Pre-construction activities started for remaining 40 MW MEP

Pune Data Center

  • Construction completion for Pune I ~59% and Pune II ~73% for Phase I - 9.6 MW each
  • MEP: Mechanical, Electrical & Plumbing

Adani Airport Holdings Ltd (AAHL - Airports)

  • Navi Mumbai Airport successfully conducted first commercial flight validation test and now a step closer to become operational
  • Mumbai Airport becomes first in India and third in world to receive prestigious Level 5 Accreditation from ACI for exemplary standards in customer experience
  • During the quarter 14 new routes, 4 new airlines and 9 new flights added
  • ACI: Airport Council of India

Natural Resources - MDO

  • Portfolio of 11 mining service contracts, of which five are operational
  • Dispatch volume of 29.3 MMT during nine months as per customer schedule

ESG Highlights

  • AEL has demonstrated exceptional performance with a sector-leading net score of 63 out of 100 in the S&P Global Corporate Sustainability Assessment (CSA) for 2024. This marks a significant improvement from our previous score of 49 in 2023.

About Adani Energy Solutions Ltd (AESL)

AESL, part of the Adani portfolio, is a multidimensional organization with presence in various facets of the energy domain, namely power transmission, distribution, smart metering, and cooling solutions. AESL is the country’s largest private transmission company, with a presence across 16 states of India and a cumulative transmission network of 25,778 ckm and 84,186 MVA transformation capacity. In its distribution business, AESL serves more than 12 million consumers in metropolitan Mumbai and the industrial hub of Mundra SEZ. AESL is ramping up its smart metering business and is on course to become India’s leading smart metering integrator with an order book of over 22.8 million meters. AESL, with its integrated offering through the expansion of its distribution network through parallel licenses and competitive and tailored retail solutions, including a significant share of green power, is revolutionizing the way energy is delivered to the end consumer. AESL is a catalyst for transforming the energy landscape in the most reliable, affordable, and sustainable way.

For more information, please visit www.adanienergysolutions.com

adani enterprises

Adani Enterprises Ltd announces 9M FY25

Ahmedabad

30 January 2025

Consolidated EBITDA increased by 29% to Rs. 12,377 cr

Consolidated PBT increased by 21% to Rs. 5,220 cr

Incubating Businesses EBITDA up by 77% to Rs. 7,674 cr