Adani Group posts record EBITDA of Rs 90,000 cr in FY25
Adani Group's portfolio companies posted their highest-ever pre-tax profit (EBITDA) of about Rs 90,000 crore in the fiscal year ended March 31 and had a cash balance to cover 21 months of debt servicing, the ports-to-energy conglomerate said on Thursday. The Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) has more than tripled in six years - from Rs 24,870 crore in 2018-19 to Rs 89,806 crore in 2024-25 (April 2024 to March 2025).
ADVERTISEMENT EBITDA grew by 8.2 per cent from Rs 82,976 crore in FY24 to Rs 89,806 crore in FY25, with a 6-year (FY19-FY25) Compounded Annual Growth Rate (CAGR) of 24 per cent.
Net profit for 2024-25 came in at Rs 40,565 crore and has seen a six-year CAGR of 48.5 per cent.
Gross Assets have increased to Rs 609,133 lakh crore, with a 6-year CAGR of over 25 per cent, the conglomerate said in a press statement. The group, which is on a massive spending spree from airports to renewable energy parks, saw gross debt climb to Rs 2.9 lakh crore from Rs 2.41 crore in FY24. After considering Rs 53,843 crore of cash balance, the net debt was Rs 2.36 lakh crore in FY25.
The group said that cash balances provide liquidity cover for 21 million of debt servicing obligations.
ADVERTISEMENT
"ROA in FY25 reached 16.5 per cent, one of the highest amongst infrastructure players globally," it said. "Prudent capital allocation has led to steady Return on Asset (ROA) at 16 per cent, showcasing no compromise on ROA to achieve high growth."
The accelerated profit growth has reduced leverage - net debt-to-EBITDA is down from 3.8x in FY19 to 2.6x in FY25. Cash balance of Rs 53,843 cr represents 18.5 per cent of gross debt.
ADVERTISEMENT "A key highlight of FY25 is the continued industry-beating Return on Assets of 16.5 per cent, which is amongst the highest in any infrastructure business globally, underpinning the attractive asset base and the execution capabilities of the Adani Portfolio to continuously churn out the best quality assets across sub sectors," said Jugeshinder 'Robbie' Singh, Group CFO, Adani Group. "Additionally, we have undertaken various initiatives related to governance and ESG, viz., tax transparency report released by all portfolio companies, in addition to all the other initiatives introduced over the past years, resulting in industry-best ESG scores and performance by international ESG rating agencies."
ADVERTISEMENT Adani Group said 82 per cent of the EBITDA is contributed by the highly stable 'core infrastructure' platform, lending a high level of stability and visibility. Adani's 'core infrastructure' platform comprises utility (Adani Green Energy, Adani Power, Adani Energy Solutions, and Adani Total Gas), transport (Adani Ports and SEZ), and Adani Enterprise Ltd's incubating infrastructure businesses.
ADVERTISEMENT Cash after tax (CAT) or fund flow from operations (FFO) increased to Rs 66,527 crore, up 13.6 per cent, driven by strong operating leverage across businesses. Higher cashflows helped record asset addition of Rs 1.26 lakh crore - the highest in the history of Adani Portfolio, taking the total gross assets to Rs 6.1 lakh crore. Three-fourths of this was added in the past six years. Prudent capital allocation, complemented by strong execution, has helped Adani Portfolio consistently achieve industry-leading Return on Asset of over 15 per cent in each of the past six years, it said adding ROA for FY25 was 16.5 per cent -- one of the highest globally in the infrastructure sector. "High growth in profits has led to a sharp reduction in the leverage of portfolio companies - portfolio-level net debt to EBITDA has reduced from 3.8x in FY19 to as low as 2.6x now," the statement said. Robust financial performance across businesses has resulted in consistent ratings improvement with milestone achievement in FY25. Nearly 90 per cent of EBITDA is now generated from assets with domestic ratings of 'AA-' and above, as compared to 63 per cent and 48 per cent two and six years ago, respectively. As a result, the cost of debt for FY25 was 7.9 per cent against 9 per cent in FY24 and 10.3 per cent in FY19.
"In line with our conservative credit policies, sufficient liquidity is maintained across portfolio companies to cover debt servicing requirements for at least the next 12 months. As on March 31, 2025, Adani Portfolio had a cash balance of Rs 53,843 crore, representing 18.5 per cent of gross debt and is sufficient to cover 21 months of debt servicing requirements comfortably above our stated 12 months+1 day of debt servicing policy," it added. On operational performance, the group said solar module sale increased 59 per cent year-on-year to 4,263 MW while the passenger movement at Adani Airports rose by 7 per cent to 94.4 million. Operational green capacity increased by 30 per cent Y-o-Y to 14,243 MW with the addition of 2,710 MW solar and 599 MW wind power plants. The transmission line order book increased 3.5 times to Rs 59,936 crore, and Adani Energy Solutions won seven new transmission projects during FY25. Volumes handed by Adani Ports increased 7 per cent to 450 million tonnes, driven by strong growth in the container volume, up 20 per cent.
Vizhinjam port, its newest, crossed the 100,000 TEUs (Twenty-foot Equivalent Unit) milestone in March 2025, just four months after becoming operational.
The cement business has now crossed 100 million tonnes capacity - an increase of 21 million tonnes since FY24 end.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
27 minutes ago
- Time of India
'Maggi crisis was one of the greatest challenges of career'
NEW DELHI: The Maggi crisis, which unfolded in June 2015 and led to a nationwide ban of the popular instant noodles, was "one of the greatest challenges" of my career, said Suresh Narayanan , chairman and MD of Nestle India, said in his final letter to shareholders before his retirement on July 31. Narayanan, who took over as the company's CMD in 2015, is recognised for rejuvenating the company's flagship brand Maggi, after the FSSAI (Food Safety and Standards Authority of India) raised concerns about high levels of lead and monosodium glutamate in the product, leading to a temporary ban and significant backlash for the brand. Maggi noodles went from market leadership to near extinction and recovered 60% of its market share within months of its relaunch, he added. In his letter, Narayanan highlighted the decade's achievements, noting that Nestle India's capex increased from 1.8% of sales in 2015 to 10% in 24-25. "This not only demonstrates the focus on Indian consumers, but also our commitment to manufacture in India and 'Make in India' as a theme,'' he said. The company achieved a CAGR of over 10% in revenue and 21% in net profit over 2015-2025. Its revenue in FY24-25 stood at Rs 20,100 crore and net profit at Rs 3,300 crore. "In 2015, many considered us to be solely a Maggi noodles company. Since then we recalibrated and rejuvenated the portfolio launching over 150+ new products that have contributed to 7% of sales,'' Narayanan said. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
27 minutes ago
- Time of India
Flat delayed, builder told to pay buyer 11% interest in Gurgaon
Gurgaon: Haryana Real Estate Regulatory Authority (HRera) has directed the builder of a highrise condominium — an affordable group housing project in Sector 109 — to pay the delay-possession interest and hand over the apartment to the complainant as per the terms of the buyer's agreement. Tired of too many ads? go ad free now The unit number 908 of Tower 3 at Expressway Towers 109 was purchased for Rs 26.26 lakh nine years ago. The builder assured timely possession of the flat, with a carpet area of 644 sqft and a balcony area of 100 sqft, but failed to deliver within the stipulated four-year period from the date of allotment — May 19, 2017. HRera (Gurgaon) ordered the realtor to pay interest at 11.10% per annum on the amount paid by the complainant from May 30, 2022 until the valid offer of possession or two months post-occupation certificate — whichever is earlier. The builder has been given 90 days to clear all arrears of interest and must continue paying interest monthly until possession is offered. Additionally, the builder must provide an updated statement of account within 30 days, reflecting adjusted dues after interest. The complainant approached HRera alleging an inordinate delay in the delivery of the unit, which had been booked in 2016. An initial payment of Rs 1.28 lakh was made on Jan 17, 2016 and a total of Rs 13.65 lakh was paid by May 2018. Despite demands raised by the promoter in July 2021 for outstanding dues, the project remained incomplete. The complainant sought immediate possession after adjusting pending dues against delay compensation. After hearing the matter, HRera held the promoter in contravention of Section 11(4)(a) of the RERA Act and passed directions under Section 37. Upon receipt of the updated statement of account, the complainant must clear any outstanding dues within 60 days. Tired of too many ads? go ad free now The builder has also been instructed to hand over the flat and execute the conveyance deed within three months of obtaining the occupation certificate, subject to stamp duty and registration charges. The authority clarified that the promoter cannot charge labour cess or work contract tax and must provide VAT calculation proofs if applicable. Maintenance charges may only be levied as per actual consumption, the order said. In Aug last year, HRera conducted a meeting on the stalled OSB Expressway Towers project in Sector 109 with homebuyers and the builder and issued a final warning, saying that if the project was not completed within six months, the regulator would invoke Section 8 of the Rera Act. This would transfer control to the buyers' association and potentially involve a third-party builder. The project, launched in 2017, faced significant delays, and despite repeated warnings, the builder failed to deliver possession of the flats. In response to HRera chairperson Arun Kumar's warning, the builder had assured completion of the project within the timeframe. However, he faces challenges arising out of licence suspension of three of his other projects due to default in payment and non-compliance with department of town and country planning orders.
Time of India
27 minutes ago
- Time of India
After IPL 2025 win, Krunal Pandya reveals telephone chat with brother Hardik Pandya
Krunal Pandya (BCCI/IPL Photo) NEW DELHI: Krunal Pandya delivered a Player of the Match performance to guide Royal Challengers Bengaluru (RCB) to their maiden Indian Premier League (IPL) title at the Narendra Modi Stadium on Tuesday. Picked up by RCB for Rs 5.75 crore in the IPL 2025 mega auction, Krunal brought out his full arsenal, refusing to let Punjab Kings gain control during their chase. Go Beyond The Boundary with our YouTube channel. SUBSCRIBE NOW! His spell of 2 for 17, which included the crucial wickets of Prabhsimran Singh and Josh Inglis, proved to be a game-changer and played a key role in RCB's six-run victory. Krunal later revealed that he had set his intentions clearly with the franchise during his very first conversation — he was there to win trophies — and he made good on that promise with a match-defining performance. — IPL (@IPL) 'When we batted, we realised the slower you bowl, the better it is. In this format, you need guts to do it. I just backed myself and thought I'd vary my pace and keep it on the slower side more often. My biggest strength has been to learn what the situation requires. I knew I had to be brave to get wickets tonight. Thought I'd do that by bowling slow. If you'd have bowled quick, it'd have been a good wicket. But if you mixed it up, it was tougher. Pitch actually got easier in the second innings,' said Krunal while collecting the POTM trophy. 'Have enjoyed my time with RCB so far. I told them on day one that I like to win trophies. I told Hardik too that the Pandya household will have nine trophies in 11 years,' he added. Krunal now has four IPL titles to his name — three with Mumbai Indians — and Tuesday's performance marked the second time he has won the Player of the Match award in an IPL final. The first came in 2017, when he scored 47 off 38 balls to help Mumbai Indians defeat the now-defunct Rising Pune Supergiant.
