Adani Group’s Q1 FY25 Results: Big Gains in Green Energy, Airports, and Roads
Ahmedabad (Gujarat) [India], August 19: Adani Group has released its financial results and Credit Compendium for the first quarter of FY25. The results show strong performance, especially in emerging businesses like solar and wind manufacturing.
Key Highlights
Adani Enterprises has become India’s largest player in the green hydrogen chain, as well as in the airports and roads sectors. The company’s infrastructure businesses have significantly contributed to this growth, with EBITDA increasing by 69.98% year-on-year (YoY).
The overall EBITDA of Adani Group companies surged by 32.87% YoY to reach Rs 22,570 crore, resulting in a trailing twelve-month (TTM) EBITDA of Rs 79,180 crore, marking a 45.13% increase over the previous year.
Infrastructure and Utility Businesses
The ‘Core Infrastructure’ platform includes Adani Enterprises’ infrastructure businesses, Adani Green Energy, Adani Power, Adani Energy Solutions, and Adani Total Gas. The solar module manufacturing business saw a 125% YoY increase in module sales, and the airport business experienced strong growth with annual passenger movement across seven airports crossing 90 million for the first time.
Roads and Green Energy
The road business achieved its highest-ever 730 lane-km construction during this quarter. In the Adani Green Energy segment, construction for a 500 MW hydro pump storage has started, and a 250 MW wind capacity was operationalized in July at Khavda, bringing the total capacity to 11.2 GW.
Energy Solutions and Ports
Adani Energy Solutions announced the full commissioning of the Khavda-Bhuj Transmission Line (KBTL) and the Warora Kurnool Transmission Line (WKTL), enhancing the national grid. Adani Ports & SEZ reported that Vizhinjam port, India’s first transhipment port, was formally commissioned in July and will become operational in November.
Cements Segment
In the Cements segment, the promoters infused Rs 15,000 crore in Ambuja Cements in March and April, fully subscribing to the warrant program and infusing a total of Rs 20,000 crore since the acquisition in September 2022. The company also acquired Penna Cement, increasing the total capacity to 89 MTPA.
Doubts Revealed
Adani Group -: Adani Group is a big company in India that works in many areas like energy, airports, and roads. It is owned by Gautam Adani.
Q1 FY25 -: Q1 FY25 means the first quarter of the financial year 2025. In India, the financial year starts in April and ends in March, so Q1 FY25 is from April to June 2024.
Green Energy -: Green energy is energy that comes from natural sources like the sun and wind. It is good for the environment because it doesn’t pollute the air.
EBITDA -: EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a way to measure how much money a company makes before paying for these things.
YoY -: YoY stands for Year-over-Year. It means comparing something from one year to the same time in the next year.
Rs 22,570 crore -: Rs 22,570 crore is a way to say 225,700 million rupees. In India, a crore is equal to 10 million.
Solar Module -: A solar module is a group of solar panels that collect sunlight and turn it into electricity.
Green Hydrogen -: Green hydrogen is a type of fuel made using renewable energy like wind or solar power. It is clean and doesn’t pollute the air.
Passenger Movements -: Passenger movements mean the number of people who travel through airports. It includes both people arriving and leaving.
Commissioning -: Commissioning means officially starting something new, like a port or a transmission line, so it can be used.
Vizhinjam Port -: Vizhinjam Port is a new port in Kerala, India. It is being built to help with shipping and trade.
Transmission Lines -: Transmission lines are big wires that carry electricity from power plants to homes and businesses.
