Adani Group’s H1FY25 EBITDA, 12-month trailing average strong as infra business booms | Biz News
Adani Group reported strong business fundamentals including cashflow equalling over 20 per cent of its debt outstanding to indicate that it has posted robust growth backed by actual inflows, instead od a purely leverage fuelled rally.
Adani Group’s liquidity on solid grounds. (Photo credit: Reuters)
New Delhi: Adani Group’s earnings before interest, taxes, depreciation and amortisation (EBITDA) during the first half of FY25 stood at 25.5 per cent as its Twelve Month Trailing average rose 17. 1 per cent to Rs 83,440 crore, the ports-to-retail conglomerate said in an exchange filing.
The company presented these figures in the spirit of transparency after the group’s listed stocks plunged in the aftermath of allegations of bribery levelled against it by the US SEC. The TTM EBITDA growth stood at a massive 34.3 per cent during the period under consideration after adjustment for previous period incomes, according to the statement.
Infrastructure growth drives Adani Group
Adani Group said its portfolio of companies achieved growth at a rapid pace led by its core infrastructure vertical. Renewables also emerged as a significant driver in the group’s business. The Adani portfolio delivered 1.2 per cent returns on-year basis at Rs 44,212 crore during the first half of the ongoing financial year.
Adani group’s annualised EBITDA run rate rose 22.1 per cent on-year basis to Rs 88,192 crore. This indicates a continued business expansion based on projects that were commissioned recently. Adani Group’s asset bases expanded to Rs 75,277 crore in H1Fy25 and totalled Rs 5.53 lakh crore. This indicates stable and predictable cashflow in the conglomerate.
How Adani Group companies are performing
Sustainable energy and infrastructure witnessed 70.14 per cent growth, according to the Adani Group. Companywise, this segment includes Adani Green Energy, Adani Power, and Adani Total Gas. Adani Group’s cash balance stood a Rs 53,024 crore during H1FY25, equalling 20.53 per cent of the conglomerate’s gross debt, which equips it to service debt over the coming 12 months, according to the statement.
The group’s net debt EBITDA ratio stood at 2.46X, much below the guidance of 3.5-4.5X. Adani Group’s portfolio EBITDA is majorly composed of assets rated AA- and above. Adani Ports was rated AAA by 4 domestic rating agencies, according to the statement.
Adani Enterprises’ emerging infrastructure business saw 91 per cent on-year growth in solar modules sales to 2,380 MW. The group reported a 6 per cent jump in airport passenger movements to 45.1 million until H1FY25.
The operational capacity of Adani Green Energy expanded 34 per cent on-year basis to 11.2 GW. The company commenced construction of a 500 MW hydro pump storage project this year. Adani Cement expanded its capacity to 97.8 MTPA through the acquisition of Penna Cement and Orient Cement.
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