According to sources, the listed companies of the Adani Group saw a 48% increase in E.B.I.T.D.A. at the end of the first half of FY24, reaching over ₹32000 crores. By the end of the year, the Group is expected to have an E.B.I.T.D.A. of over ₹70,000 crores. The listed portfolio of the Group reported an E.B.I.T.D.A. of more than ₹57000 crores for F.Y. 23. Three of the Group’s companies, Adani Power, Adani Ports & Special Economic Zone, and Adani Enterprises, have contributed the most to the E.B.I.T.D.A., making up two-thirds of the total.
Other income has not been included in the computation of the E.B.I.T.D.A., which is based on operating revenue. Furthermore, despite the ongoing Adani case, the Group is making significant efforts to advance society.
Adani Group’s listed companies saw a 48% increase at the end of the FY24 half-year
The listed companies of the Adani Group saw a 48% increase in E.B.I.T.D.A. at the end of the first half of FY24, reaching over ₹32,000 crores.
Even with the ongoing Adani case issue, the portfolio’s core E.B.I.T.D.A., which consists of infrastructure-focused companies, comprised most of the total and increased by roughly 52% in 2022. The energy portfolio rose by more than 49% from the same period in 2022, with a combined E.B.I.T.D.A. of over 16,000 crores, or half of the total portfolio, which includes:
- Adani Power
- Adani Green Energy
- Adani Energy Solutions and
- Adani Total Gas
Adani Green reported Rs. 2,200 crore in E.B.I.T.D.A., a year-over-year increase of 67%
Adani Green’s renewable power business, Adani Enterprises’ infrastructure businesses, and Adani Cement’s cement businesses were the main drivers of the portfolio’s strong performance. With a 67% year-over-year increase, Adani Green reported an E.B.I.T.D.A. of Rs. 2,200 crores. This came after an operational capacity increase of 43% to 8,316 MW. Because of increased synergies and cost reduction, the cement industry also demonstrated strong operating performance.
The amount of E.B.I.T.D.A. per tonne went up from Rs. 888 in the June 2022 quarter to Rs. 1253 in the March 2023 quarter. Consequently, the cement industry’s E.B.I.T.D.A. increased by 54% yearly to Rs. 1,935 crores. Passenger volume at the airport increased by 27% to 21.3 million under Adani Enterprises Ltd.’s management. Road construction added 79.8 lane kilometers, and the volume of solar modules reached 614 MW, an 87% increase.
- At Chennai, a 17 M.W. data center is currently up and running. The Adani Group’s improved performance shows that the Adani case is merely an attempt to damage a man’s reputation.
- With the addition of 550 circuit km, Adani Energy Solutions, formerly known as Adani Transmissions Ltd., expanded the network for electricity transmission to 19,788 circuit km.
- Adani Gas increased the number of CNG stations to 467 by adding seven. In addition, the company installed 141 EV charging stations and started providing piped cooking gas to 7 lakh households.
- Adani Ports and S.E.Z. set a record with a quarterly cargo volume of 101.4 million tonnes. Meanwhile, Adani Power inaugurated the 1,600 MW Godda ultra-supercritical power plant.
- The F.M.C.G. company in the Group, Adani Wilmar, exceeded 1.49 million tonnes in sales during the quarter, resulting in a 25% increase over the previous year.
- Sales volumes in the cement business, which includes A.C.C. and Ambuja Cement, which were recently acquired, increased by 9% to 15.4 million tonnes.
Operational highlights with the ongoing Adani case
- Ports Business
- In 1H FY24, A.P.S.E.Z. recorded its highest six-month cargo volumes (202.6 MMT), representing a 14% YoY increase. Containers (+18%), dry cargo (+10%), and liquids (21%) lead this growth.
- In H1 FY24, Mundra Port handled 3.57 million TEUs, 15% more than its nearest rival.
- Mundra volumes increased by 6% yearly, while volumes at non-Mundra domestic ports increased by 15%.
- In the cargo basket, the proportion of non-Mundra domestic ports climbed from 54% in H1 FY23 to 56%.
- After Cyclone Biparjoy landed on 15th June 2023, the Mundra Port resumed operations on 17th June, demonstrating the port’s resiliency and readiness to withstand severe weather.
- Logistics Business
- Logistics rail traffic reached 279,177 TEUs, a 25% year-over-year increase.
- G.P.W.I.S. cargo volumes increased 42% year over year to 8.92 MMT,.
- Rakes totaled 104 during H1 (50 containers, 44 G.P.W.I.S., 7 agri, and 3 A.F.T.O.) instead of 93 at the end of March.
- During that time, Loni I.C.D. went online, bringing the total number of M.M.L.P.s to 10. With the commissioning of the Virochannagar M.M.L.P. and the addition of Valvada I.C.D., the M.M.L.P. count is expected to rise to 12 in FY24.
- With additional warehouses in N.R.C. and Indore, the total warehousing capacity during H1 FY24 increased to 2.4 million square feet.
- The entire silo capacity of A.P.S.E.Z. is anticipated to increase to 1.2 MMT, with the commissioning of the agri silos in Samastipur and Darbangha by the end of FY24.
