Adani Enterprises Q4 Results: Consolidated EBIDTA Jumps 32% To Rs 13,237 Cr
Adani Enterprises' revenue from operations was up at Rs 29,180.02 crore in the three months to March 31 from Rs 28,943.84 crore a year ago
Adani Enterprises Ltd (AEL), part of the Adani Group, on Thursday announced its results for the quarter and year ended March 31, 2024. The emerging core infra businesses comprising of ANIL Ecosystem, Airports and Roads are making significant strides in their operational performance. The contribution of these businesses to the overall EBIDTA has consistently increased to 45 per cent for FY24 compared to 40 per cent in FY23.
Adani New Industries Limited (ANIL), a unit of the company that holds the new energy business, including solar module and wind turbine manufacturing, saw a 6.2x growth in EBITDA to Rs 641 crore, while the same at airports business more than doubled to Rs 662 crore. The number of passengers at company-run airports rose 19 per cent to 88.6 million. Its revenue from operations was up at Rs 29,180.02 crore in the three months to March 31 from Rs 28,943.84 crore a year ago.
For the full fiscal 2023-24 (FY24), net profit soared 31 per cent to Rs 3,240.78 crore. This is despite revenue from operations falling to Rs 96,420.98 crore from Rs 1,27,539.50 crore in 2022-23. Its consolidated EBITDA for FY24 increased by 32 per cent to Rs 13,237 crore that of incubating businesses grew by 47 per cent year-on-year.
Consolidated Financial Highlights (Rs in Crore)
| Particulars | Q4 FY23 | Q4 FY24 | YoY Change | FY23 | FY24 | YoY Change |
| Total Income | 29,311 | 29,630 | 1% | 1,28,734 | 98,282 | (24%) |
| EBIDTA | 3,974 | 3,646 | (8%) | 10,012 | 13,237 | 32% |
| Profit Before Tax | 1,554 | 1,322 | (15%) | 3,607 | 5,640 | 56% |
| Profit After Tax1 | 735 | 449 | (39%) | 2,464 | 3,240 | 31% |
| Cash Accruals2 | 2,249 | 1,662 | (26%) | 5,277 | 7,076 | 34% |
Note: 1. PAT attributable to owners 2. Cash Accruals is equal to Profit Before Tax + Depreciation – Current Taxes
"Adani Enterprises has once again validated its position not only as the premier business incubator in India but also as a global leader in infrastructure development," said Gautam Adani, Chairman of the Adani Group.
"AEL's resilient growth model of incubation confirms the operational and organisational excellence. This is supported by high ratings and fully funded growth. Our commitment to excellence in project management and operations continues to set global benchmarks, ensuring sustainable long-term value creation for our stakeholders. We remain dedicated to corporate governance, meticulous compliance, robust performance and effective capital flow management." Giving an operational update, the firm said ingot and wafer units, which are used to manufacture solar modules that trap sunlight to produce electricity, are operational, while it has got orders for the manufacture of 254 sets of wind turbines.
Its joint venture with EdgeConneX has one operational data centre in Chennai and construction in Noida and Hyderabad facilities is 81-88 per cent complete. It plans to build nine data centres with a total capacity of 1 gigawatt by 2030 to provide infrastructure for the booming digital services demand. Also, Adani started a copper unit in Mundra in March to foray into the metals business.
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