Adani Enterprises Q2 Result: Consolidated EBIDTA Up By 43 Per Cent to Rs 5,874 Crore
Airports business saw a 49 per cent jump in revenues to Rs 1946 crore and a 15 per cent increase in EBITDA to Rs 568 crore
Adani Enterprises Ltd (AEL), part of Adani Group, on Thursday announced its results for the quarter and half year ended September 30. AEL, has made significant progress in its strong incubation pipeline during the first half of the fiscal year 2023-24. The company's latest results showcase the emergence of key incubating businesses, including green hydrogen integrated manufacturing ecosystem, airports and roads, which collectively contributed 48 per cent of the overall EBITDA. The company's EBIDTA rose by 43 per cent to Rs 5,874 crore.
Adani Enterprises Limited has been the flagship company of Adani Group. AEL's businesses of new energy and airport posted robust growth in revenues and pre-tax profits. New energy business, which includes solar module manufacturing, saw revenues triple to Rs 1,939 crore and EBITDA rose 11x to Rs 628 crore. Airports business saw a 49 per cent jump in revenues to Rs 1946 crore and a 15 per cent increase in EBITDA to Rs 568 crore.
The company said it now has 4 GW of operational solar manufacturing capacity while module sales rose 205 per cent to 630 MW. After operationalising the phase-1 of Chennai data centre, the firm's data centres at Noida and Hyderabad were 63-65 per cent complete. Adani Airports Holdings handled 31 per cent more passengers at 21.4 million at its seven operational airports.
After incubating unicorns such as Adani Ports & SEZ, Adani Energy Solutions, Adani Power, Adani Green Energy, Adani Total Gas and Adani Wilmar, the company is focused on next generation of its strategic business investments around green hydrogen ecosystem, airport management, data center, roads and primary industry like copper and petrochem.
“We are fundamentally reshaping the essence of incubation scale and velocity,” said Gautam Adani, chairman of Adani Group. “Adani Enterprises covers sectors that span energy, utility, transport, D2C, and primary industries. With many ventures now market-ready and thriving, our H1 FY23-24 results have been boosted by the core infra incubating businesses, thereby being a strong testament to our incubating ventures.”
Top Headlines
