Consolidated EBIDTA increased by 43% to Rs. 5,874 cr
Emerging core infra incubating businesses contributed 48% of Total EBIDTA
Incubating assets backed EBIDTA increased by 111% to Rs. 2,825 cr
Financial Highlights H1 FY24 (Consolidated) (YoY Basis):
- EBIDTA increased by 43% to Rs. 5,874 cr
- Cash Accruals1 increased by 48% to Rs. 2,733 cr
- Incubating assets backed EBIDTA increased by 111% to Rs. 2,825 cr
- Incubating assets backed businesses PBT increased by 22x to Rs. 1,210 cr
| Business | Highlights |
| ANIL Ecosystem | Solar Manufacturing Ingot pilot plant completedANIL produces India’s first wafer Wind Manufacturing Successfully enlistment in the Revised List of Models & Manufacturers and commercial production startedReceived Wind Guard certification affirming international recognition |
| AWL – Water | Achieved Commercial Operation Date certificate for Prayagraj Water project |
| AAHL -Airports | Mumbai Airport became the 1st in India & 3rd in the world to receive the Level 4 customer experience accreditationAhmedabad Airport has inaugurated New Arrival & Departure Immigration block in T2Domestic Cargo Terminal operationalized at Jaipur Airport |
| Business | H1 FY24 |
| ANIL Ecosystem | Modules volume up by 132% to 1244 MW |
| AAHL – Airports | Pax movements up by 29% to 42.7 Mn from seven operational airportsAir Traffic movements up by 15% to 289.8K |
| Primary Industries – Mining Services | Production maintained at 13.5 MMTDispatch maintained at 12.6 MMT |
| Primary Industries – IRM | Volume stood at 36.6 MMT |
AEL, has made significant progress in its strong incubation pipeline during the first half of the fiscal year 2023-24. The company’s latest results showcase the emergence of key incubating businesses, including green hydrogen integrated manufacturing ecosystem, airports and roads, which collectively contributed 48% of the overall EBITDA.
“We are fundamentally reshaping the essence of incubation scale and velocity,” said Mr. Gautam Adani, Chairman of the Adani Group. “Adani Enterprises covers sectors that span energy, utility, transport, D2C, and primary industries. With many ventures now market-ready and thriving, our H1 FY23-24 results have been boosted by the core infra incubating businesses, thereby being a strong testament to our incubating ventures.”
Financial Highlights Q2 FY24 (Consolidated) (YoY Basis):
EBIDTA increased by 39% to Rs. 2,979 cr on account of strong incubating businesses
Cash Accruals1 increased by 26% to Rs. 1,242 cr
Quarterly Business Updates (YoY):
Adani New Industries Ecosystem
Solar manufacturing
Total operational capacity at 4.0 GW
Module sales increased by 205% to 630 MW
India’s first wafer produced
Wind Turbine manufacturing
Received Final type certificate for Prototype 1
Enlisted in RLMM & Started Commercial operations
Commissioned Prototype 2
Nacelle & Hub Facility – Commenced Commercial production
AdaniConnex Pvt Ltd (ACX – Data Center)
Update on overall project completion at Data Centers
Data Center
Status
Chennai Phase-I 17 MW
Operational
Noida – 50 MW
63%
Hyderabad – 48 MW
65%
Orderbook of 111+ MW from Hyperscale & Enterprise customers
Adani Water Ltd (AWL – Water)
Achieved Commercial Operation Date certificate for Prayagraj water project
Adani Airports Holdings Ltd (AAHL – Airports)
Adani Airports handled at seven operation airports;
Pax movements up by 31% to 21.4 Mn passengers
Air Traffic Movements up by 17% to 148.2 K
Cargo stood at 1.9 Lacs MT
Notes:
Cash Accruals is equal to Profit Before Tax + Depreciation – Current Taxes
About Adani Enterprises Ltd
Adani Enterprises Limited (AEL) is the flagship company of Adani Group, one of India’s largest business organisations. Over the years, Adani Enterprises has focused on building emerging infrastructure businesses, contributing to nation-building and divesting them into separate listed entities. Having successfully built unicorns like Adani Ports & SEZ, Adani Energy Solutions, Adani Power, Adani Green Energy, Adani Total Gas and Adani Wilmar, the company has contributed significantly to make the country self-reliant with our portfolio of robust businesses. This has also led to significant returns to our shareholders over 3 decades.
The next generation of its strategic business investments are centered around green hydrogen ecosystem, airport management, data center, roads and primary industry like copper and petrochem all of which have significant scope for value unlocking.
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