The Adani Group has reported a record-breaking EBITDA of ₹89,806 crore for the fiscal year 2024–25 (FY25), marking an 8.2% increase from the previous year’s ₹82,976 crore. This growth is primarily attributed to the strong performance of its core infrastructure businesses, which contributed 82% to the total EBITDA.
🏗️ Core Infrastructure Fuels Growth
The conglomerate’s core infrastructure platform includes utilities (Adani Green Energy, Adani Power, Adani Energy Solutions, and Adani Total Gas), transport (Adani Ports & SEZ), and incubating infrastructure businesses under Adani Enterprises. These sectors have demonstrated robust and stable returns, underpinning the group’s financial performance.
💰 Financial Highlights
- Profit After Tax (PAT): The group reported a PAT of ₹40,565 crore, reflecting a compound annual growth rate (CAGR) of 48.5% over six years.
- Capital Expenditure (Capex): Adani Group invested ₹1.26 lakh crore in FY25, the highest in its history, focusing on long-term infrastructure assets, including renewable energy projects, transmission networks, ports, and a new copper smelter facility.
- Return on Assets (RoA): The group achieved a RoA of 16.5%, positioning it among the highest-performing infrastructure businesses globally.
- Asset Growth: Gross assets have grown at a CAGR of over 25% since FY2019, reaching ₹6.1 lakh crore ($71.2 billion).
📉 Debt Reduction and Improved Credit Metrics
Adani Group has made significant strides in reducing its leverage:
- Net Debt-to-EBITDA Ratio: Reduced to 2.6x in FY25 from 3.8x in FY19, indicating improved financial stability.
- Liquidity: Maintained a strong cash balance of ₹53,843 crore ($6.3 billion), representing approximately 18.5% of gross debt.
- Cost of Borrowing: Fell below 8% for the first time, attributed to improved credit ratings and access to lower-cost capital.
- Asset Ratings: Approximately 90% of the group’s EBITDA now originates from assets rated ‘AA’ or above domestically.
🌿 Strategic Investments and Future Outlook
Looking ahead, Adani Group plans to invest $100 billion over the next six years, focusing on building long-term infrastructure assets. These investments will encompass renewable energy projects, transmission networks, ports, and a new copper smelter facility, aligning with the group’s commitment to sustainable development and infrastructure growth. Business Standard