Adani Group delivers record-breaking performance across portfolios; EBITDA grows at 36% to Rs 57,219 cr
Adani Group, Indias largest critical infrastructure developer, has released the Adani portfolio results snapshot compendium for FY23. The group, which has interests ranging from ports to airports, from electricity generation to transmission and distribution, from edible oil to FMCG products, logistics, cement and roads, recorded its highest ever EBITDA at the group portfolio level (all group companies combined) of Rs 57,219 crore, achieving a 36 per cent growth over the previous financial year.
For run-rate EBITDA, which considers the annualisation of EBITDA from projects commissioned during the year, the number is as high as Rs 66,566 crore. "Adani portfolio companies operate in utility and infrastructure businesses with more than 83 per cent of EBITDA being generated from core infrastructure businesses providing assured and consistent cash flow generation.
The platform has a strong asset base which has been built over three decades that supports the resilient critical infrastructure and guarantees best-in-class asset performance over the entire life cycle," said the compendium.
The Adani portfolio update also stated that there is no material refinancing risk and near-term liquidity requirement as there is no near-term significant debt maturity. Further, rating affirmations from international and domestic rating agencies signify the underlying credit quality with adequate financial profile with many businesses having underlying rating of 'BBB', but it remains constrained by sovereign ratings.
