Adani Portfolio Achieves Record TTM EBITDA of Rs 86,789 Crore
The Adani Portfolio's all-time highest trailing-twelve-month (TTM) EBITDA of Rs 86,789 crore, led predominantly by its core infrastructure businesses, the group announced. The utility, transport, and incubating infrastructure businesses under Adani Enterprises Ltd (AEL) contributed 84% to the overall EBITDA, further establishing the group's leadership in India's infrastructure space.
On a TTM basis, the EBITDA of the portfolio increased 10.1% year-on-year, while Q3 FY25 EBITDA increased 17.2% to Rs 22,823 crore. With a capital expenditure trajectory that is high and with robust cash flow generation, Adani Portfolio businesses are now emerging as global leaders in several sectors.
The operation fund flow or cash after tax was Rs 58,908 crore, and the asset base had risen to Rs 5.53 lakh crore. The net debt-to-EBITDA for the group was 2.46 times as of September 30, 2024, keeping the finance stable. The company also insisted that adequate liquidity has been retained in portfolio firms to meet the debt servicing obligation for a period of at least 12 months.
Adani’s core infrastructure platform, which includes Adani Green Energy, Adani Power, Adani Energy Solutions, and Adani Total Gas in utilities and Adani Ports and SEZ in transport, continues to be the primary driver of cash flow. The credit profile of the portfolio has strengthened, with 75% of run-rate EBITDA now coming from assets rated ‘AA-’ and above in domestic ratings.
AEL's incubating infrastructure assets, such as Adani New Industries Ltd (ANIL), airports, and roads, continue to be on a high growth path, with EBITDA growth of 45.6% YoY in Q3 FY25 and 33.3% on TTM. As of September 30, 2024, the Adani Portfolio had cash balance of Rs 53,024 crore, representing 20.5% of its gross debt.
As the largest and fastest-growing diversified business group in India, Adani Group is further increasing its footprint in energy and utilities, transport and logistics, metals and materials, and consumer businesses, further solidifying its leadership position in the marketplace.
