Adani Portfolio Q1 Results: EBITDA At Rs 22,570 Crore, Up 32.9% YoY

The strong performance for the quarter was led by Adani Enterprises' emerging businesses, including solar and wind manufacturing as well as its airports and roads sectors

Adani Portfolio Q1 Results: The solar manufacturing business, operationalised Mundra Solar cell lines.

Source : Adani Solar

Adani Group, one of India's leading infrastructure conglomerate, on Monday announced the release of the Adani Portfolio's latest Results and Credit Compendium. The Results Compendium provides a comprehensive overview of the financial performance of Adani Portfolio and the Credit Compendium offers in-depth insights into the portfolio's robust credit strength.

The strong performance for the quarter was led by Adani Enterprises' emerging businesses, including solar and wind manufacturing — India’s largest and part of a fully integrated green hydrogen chain — as well as its airports and roads sectors. These fast-growing businesses now contribute 13.3 per cent to the portfolio-level EBITDA, up from 7.2 per cent a year ago.

This expansive yet resilient growth is attributed to Adani's strategic focus on its infrastructure platform, which provides high stability and predictability.

Adani Enterprises

The solar manufacturing business (India's first and largest vertically integrated solar PV manufacturer), operationalised MSPVL (Mundra Solar PV Ltd.) cell lines.

In airports, the annual passenger movement across 7 airports crossed 90 million for the first time. During the quarter, eight new routes, six new airlines, and 13 new flights were added across all seven airports. Further, 25 New Brands were added at Lucknow airport after the Terminal 3 inauguration.

The roads business saw the highest ever 730 lane-km construction done during this quarter.

Adani Green Energy

Construction work for 500 MW hydro pump storage has commenced.

Capacity addition of 31 per cent YoY during the quarter. Another 250-wind capacity was operationalised in July at Khavda, total capacity now stands at 11.2 GW.

Adani Energy Solutions

Khavda-Bhuj Transmission Line (KBTL) is fully commissioned. The line will enable 3 GW green power evacuation from Khavda. 1765 ckm Warora Kurnool Transmission Line (WKTL) fully commissioned. By ensuring seamless power flow between western and southern regions is has strengthened the national grid.

Adani Ports & SEZ

Vizhinjam port, India’s first trans-shipment port, equipped with South Asia’s most advanced container-handling technology formally commissioned in July and will become operational in November.

Adani Cements

Promoters infused Rs 15,000 crore in two tranches in Ambuja Cements in March and April, thus fully subscribing to the warrant programme and infusing a total of Rs 20,000 since the acquisition in September 2022. Acquired Penna Cement, increasing the total capacity to 89 MTPA.