Team News Riveting
Ahmedabad, August 1, 2024:
Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, announced its results today for the quarter ended June 30, 2024 (Q1FY25).
The emerging core infra businesses comprising of ANIL Ecosystem, Airports and Roads are consistently making significant strides in their operational performance. The contribution of these businesses to the overall EBIDTA has now increased to 62 per cent in Q1 FY25 compared to 45 per cent in Q1 FY24.
ANIL Ecosystem solar manufacturing and wind turbine businesses has recorded highest ever EBIDTA of Rs 1,642 crore with an increase of 3.6x on (year-on-year) Y-o-Y basis and now contributes 38 per cent to total EBIDTA on back of its robust operational performance.
“Adani Enterprises Ltd (AEL) is further expanding its position as India’s leading business incubator and a global model in infrastructure development,” said Gautam Adani, Chairman of the Adani Group. “The substantial growth in our EBIDTA, driven by the exceptional performance of the ANIL ecosystem, our airport operations and our road construction business, underscores our commitment to operational excellence and sustainable value creation. The combination of best-in-class management practices, state-of-the-art technologies, high ratings and fully-funded growth strategies, ensures that AEL continues to set new national and international benchmarks.”
Revenue increased by 13 per cent to Rs 26,067 y-o-y crore primarily driven by strong operational performance by ANIL Ecosystem and Airports, EBIDTA increased by 48 per cent to Rs 4,300 crore and PBT increased by 107 per cent to Rs 2,236 crore annually.
The Business highlights include solar module exports up by 109 per cent to 808 MW, ANIL WTG crosses 200th blade production milestone during this quarter, ANIL WTG received final type certificate for 3 MW wind turbine and in Airports, pax movement crossed 90 mn for the first time on TTM basis.
