Adani Enterprises Ltd announces Q4 and FY24 Results
Consolidated EBIDTA for FY24 increased by 32% to Rs. 13,237 cr
Consolidated PBT for FY24 increased by 56% to Rs. 5,640 cr
Incubating businesses Consolidated EBIDTA grew by 47% YoY
India’s first large-sized ingot-wafer unit of 2 GW capacity operational
Adani’s copper unit of 500 KTPA in Mundra operational
Editor’s Synopsis Consolidated highlights FY24 (YoY)EBIDTA increased by 32% to Rs. 13,237 cr PBT increased by 56% to Rs. 5,640 crANIL Ecosystem EBIDTA increased by 4.6x to Rs. 2,296 cr Airports EBIDTA grew by 45% to Rs. 2,437 crAir Passenger Traffic increased by 19% to 88.6 million Consolidated highlights Q4 FY24 (YoY)EBIDTA stood at Rs. 3,646 cr vs Rs. 3,974 cr in Q4 FY23 (Q4 FY23 included cumulative EBIDTA of Rs. 1,038 Cr for 3 HAM Projects in Road business)PBT stood at Rs. 1,322 cr vs Rs. 1,554 cr in Q4 FY23 in line with aboveANIL Ecosystem EBIDTA increased by 6.2x to Rs. 641 cr Airports EBIDTA grew by 130% to Rs. 662 cr Business highlightsANIL Solar Manufacturing division has successfully commissioned India’s first large-sized monocrystalline ingot and wafer unit of 2 GW capacityAdani’s copper unit under Kutch Copper Ltd commissioned the 500 KTPA greenfield copper refinery project showcasing the Adani Group’s ability to plan and execute largescale projects in record timeAdani Airports inaugurated Phase I of Integrated terminal 3 of Lucknow AirportAdaniConneX’s orderbook increased to 210 MW from 112 MW |
Bengaluru: Adani Enterprises Ltd (AEL), part of the Adani Group, today announced its results for the quarter and year ended March 31, 2024
The emerging core infra businesses comprising of ANIL Ecosystem, Airports and Roads are making significant strides in their operational performance. The contribution of these businesses to the overall EBIDTA has consistently increased to 45% for FY24 compared to 40% in FY23.
“Adani Enterprises has once again validated its position not only as the premier business incubator in India but also as a global leader in infrastructure development,” said Mr Gautam Adani, Chairman of the Adani Group. “AEL’s resilient growth model of incubation confirms the operational and organizational excellence. This is supported by high ratings and fully funded growth. Our commitment to excellence in project management and operations continues to set global benchmarks, ensuring sustainable long-term value creation for our stakeholders. We remain dedicated to corporate governance, meticulous compliance, robust performance and effective capital flow management.”
Consolidated Financial Highlights (Rs. in Crore)
| Particulars | Q4 FY23 | Q4 FY24 | YoYChange | FY23 | FY24 | YoYChange |
| Total Income | 29,311 | 29,630 | 1% | 1,28,734 | 98,282 | (24%) |
| EBIDTA | 3,974 | 3,646 | (8%) | 10,012 | 13,237 | 32% |
| Profit Before Tax | 1,554 | 1,322 | (15%) | 3,607 | 5,640 | 56% |
| Profit After Tax1 | 735 | 449 | (39%) | 2,464 | 3,240 | 31% |
| Cash Accruals2 | 2,249 | 1,662 | (26%) | 5,277 | 7,076 | 34% |
Note: 1. PAT attributable to owners 2. Cash Accruals is equal to Profit Before Tax + Depreciation – Current Taxes
Incubating Businesses Financial Highlights
| Business | Particulars | Q4 FY23 | Q4 FY24 | YoYChange | FY23 | FY24 | YoYChange |
| ANIL Ecosystem | Total Income | 908 | 2,775 | 2.1x | 3,567 | 8,741 | 145% |
| EBIDTA | 89 | 641 | 6.2x | 411 | 2,296 | 4.6x | |
| PBT | 35 | 536 | 14.3x | 152 | 1,884 | 11.4x | |
| Airports | Total Income | 1,657 | 2,195 | 32% | 5,989 | 8,062 | 35% |
| EBIDTA | 288 | 662 | 130% | 1,681 | 2,437 | 45% | |
| PBT | (275) | 29 | 111% | (538) | (68) | 87% |
Operational Highlights
| Business | UoM | Q4 FY23 | Q4 FY24 | YoYChange | FY23 | FY24 | YoYChange | |
| ANIL Ecosystem | Module Sales | MW | 315 | 797 | 153% | 1,275 | 2,679 | 110% |
| WTG | Sets | – | 47 | #1 | – | 54 | #1 | |
| AAHL – Airports | Pax movement | Mn | 21.3 | 23.2 | 9% | 74.4 | 88.6 | 19% |
| ATMs | ‘000 | 146.4 | 153.0 | 5% | 538.7 | 593.8 | 10% | |
| Cargo | Lacs MT | 1.8 | 1.7 | (9%) | 7.8 | 8.1 | 3% | |
| ARTL – Roads | Construction | Lane-KMs | 37.7 | 284.6 | 7.5x | 284.1 | 514.8 | 81% |
| Mining Services | Production | MMT | 10.0 | 11.4 | 14% | 29.7 | 32.5 | 9% |
| Dispatch | MMT | 7.9 | 10.7 | 35% | 25.4 | 30.9 | 22% | |
| IRM | Volume | MMT | 20.5 | 24.7 | 21% | 88.1 | 82.1 | (7%) |
#1 Commercial production and supply of WTG sets started from Q3 FY24 I UoM: Unit of Measurement
Business Updates:
| Adani New Industries Ecosystem |
| Solar manufacturingIndia’s first large-sized monocrystalline ingot and wafer unit of 2 GW capacity operationalThe TopCon Cell line of 2.0 GW became operational in March 2024 |
| Wind Turbine manufacturingOrder Book at 254 setsProvisional Type Certificate received from WindGuard Certification GmbH for Prototype 2 using ANIL bladesANIL 5.2MW WTG recognized as Bronze winner among the up to 5.6 MW capacity WTGs globally by Windpower |
| AdaniConnex Pvt Ltd (ACX – Data Center) |
| Noida Data CenterConstruction Completion ~81% of 50MW core & shell + 10 MW MEP (Mechanical, Electrical & Plumping works) |
| Hyderabad Data CenterConstruction Completion ~88% for Phase I – 9.6 MW |
| Pune Data CenterPune I ~10% and Pune II ~18% for Phase I – 9.6 MW |
| Order Book & Awards210+ MW Order book from Hyperscale & Enterprise customersAdaniConneX’s AI based safety analytics tool has been honored with Gold SKOCH ESG Award 2024AdaniConneX’s Hyderabad site first in India to receive Five-star grading from British safety council |
| Adani Airports Holdings Ltd (AAHL – Airports) |
| Air passenger traffic showed a strong growth of 19% in FY24Inaugurated Phase I of Integrated terminal 3 of Lucknow airport During the quarter 10 New Routes, 7 New Airlines and 18 New Flights addedMumbai Airport won the Cargo Airport of the Year – India Award – The STAT Times International Award for Excellence in Air Cargo demonstrates the best in quality of service and performance |
About Adani Enterprises Ltd
