Adani Enterprises on Thursday recorded its fiscal first quarter profit at Rs 1454.50 crore, posting a growth of 115.8 per cent in comparison to Rs 673.93 crore during the corresponding quarter of FY24. It posted revenue from operations at Rs 25,472.40 crore, up 12.5 per cent as against Rs 22,644.47 crore reported during the same period of previous fiscal year, driven by strong operational performance by ANIL Ecosystem and Airports. The company EBITDA stood at Rs 3,705 crore, up 47 per cent on-year.
Adani Enterprises reported growth in solar module exports by 109 per cent to 808 MW. The company said that ANIL WTG crossed the 200th blade production milestone during the quarter. It said that ANIL WTG received the final type certificate for 3 MW wind turbine. In Airports, pax movement crossed 90 million for the first time on a TTM basis, it said. Adani Enterprises said that the contribution of ANIL Ecosystem, Airports and Roads businesses to the overall EBITDA has now increased to 62 per cent in Q1FY25 compared to 45 per cent in Q1FY24. ANIL Ecosystem solar manufacturing and wind turbine businesses has recorded the highest ever EBITDA of Rs 1,642 crore with an increase of 3.6x on YoY basis and now contributes 38 per cent to total EBITDA on back of its robust operational performance.
Adani Enterprises Q1 Results 2024 Live Updates: Gautam Adani on Q1 performance
Gautam Adani, Chairman, Adani Group, said, “Adani Enterprises Ltd (AEL) is further expanding its position as India’s leading business incubator and a global model in infrastructure development. The substantial growth in our EBITDA, driven by the exceptional performance of the ANIL ecosystem, our airport operations and our road construction business, underscores our commitment to operational excellence and sustainable value creation. The combination of best-in-class management practices, state-of-the-art technologies, high ratings and fully-funded growth strategies, ensures that AEL continues to set new national and international benchmarks.”