Veteran industrialist Gautam Adani’s Adani Group has registered a 33 per cent jump in pre-tax profit in the first quarter (April-June) of the current financial year (2024-25). The reason for this excellent result is the strong performance of the core infrastructure business as well as emerging businesses from solar and wind manufacturing to airports. According to the news of Bhasha, the group said in a statement on Monday that the profit before tax (EBITDA) in the first quarter grew 32.87 per cent year-on-year to Rs 22,570 crore. The EBITDA for the last 12 months (TTM) stood at Rs 79,180 crore, which is 45.13 per cent higher than the same period last year.
Group net profit increased by more than 50 percent
According to the news, the group’s net profit grew by more than 50 per cent to Rs 10,279 crore in the first quarter of the current financial year 2024-25. The group said that the steadily growing EBITDA is mainly due to the group’s highly stable and strong core infrastructure platform. The core infrastructure platform comprises Adani Enterprises Limited’s key infrastructure businesses, utility (Adani Green Energy, Adani Power, Adani Energy Solutions and Adani Total Gas) and transportation (Adani Ports & SEZ) businesses. Adani Enterprises’ EBITDA grew 46 per cent to Rs 4,487 crore in April-June and net profit more than doubled to Rs 1,776 crore.
Adani Green Energy and Adani Power
The group’s renewable energy company Adani Green Energy’s EBITDA in the June quarter grew 30 percent to Rs 2,866 crore and net profit almost doubled to Rs 629 crore. Similarly, Adani Power’s profit grew 54 percent to Rs 3,490 crore in the June quarter, while Adani Ports & SEZ’s profit grew 47 percent to Rs 3,107 crore. The lowest increase in profit was seen in city gas distribution company Adani Total Gas Ltd. The company earned a profit of Rs 172 crore, up 14.4 percent.
Growth of infra companies
Emerging infrastructure companies (Adani New Industries Ltd, airports and roads) under Adani Enterprises Ltd (AEL) led the overall growth, with EBITDA rising 70 per cent to Rs 2,991 crore. Adani said net debt to EBITDA ratio has also fallen to a multi-year low.
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