The Adani Group on Thursday reported a record EBITDA scaled to Rs 89,806 crore ($10.5 billion), up 8.2 per cent on-year. It is worth noting here that 82 per cent of the EBITDA is contributed by the ‘highly stable’ Core Infrastructure platform. Adani’s Core Infrastructure platform comprises Utility (Adani Green Energy, Adani Power, Adani Energy Solutions, and Adani Total Gas), Transport (Adani Ports & SEZ), and AEL’s incubating Infrastructure businesses.
In a media statement, Adani Group said that it recorded PAT of Rs 40,565 crore ($4.7 billion), reporting a 6-year CAGR of 48.5 per cent. This accelerated profit growth has reduced leverage with net debt-to-EBITDA down from 3.8x in FY19 to 2.6x in FY25. Gross assets, meanwhile, increased to Rs 4,72,572 crore during the year. Net asset base stood at Rs 2,88,372 crore, posting a growth of 25 per cent from the previous year.
During the financial year ended March 31, 2025, Adani Group’s cash balance stood at Rs 53,843 crore ($6.3 billion), representing 18.5 per cent of gross debt. The conglomerate reported a capital expenditure of Rs 1.26 trillion and maintained that it is planning to invest $100 billion in the next six years.
Furthermore, Cash After Tax (CAT) or Fund Flow from Operations (FFO) increased to Rs 66,527 crore ($7.8 billion), up 13.6 per cent driven by strong operating leverage across businesses. Higher cashflows, it said, helped record asset addition of Rs 1.26 lakh crore ($14.7 billion)—the highest in the history of Adani Portfolio, taking the total Gross Assets to Rs 6.1 lakh crore ($71.2 billion). Three-fourths of this was added in the past six years, it added.
Jugeshinder ‘Robbie’ Singh, GCFO, Adani Group, said, “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.”
Adani portfolio released FY25 results and credit compendium covering all its listed entities, summarizing the key developments across the portfolio companies.