Adani Group Reveals Record Rs 5.5 Lakh Crore Asset Growth—What’s Next?
New Delhi(The Uttam Hindu):The Adani Group has made headlines with the announcement of a record asset base of ₹5.5 lakh crore, showcasing robust growth and financial resilience despite facing external pressures. This significant milestone was revealed on November 25, 2024, highlighting the group's impressive performance in the first half of the fiscal year 2025 (H1 FY25).
The growth in the asset base is particularly noteworthy, as it increased by ₹75,277 crore within just the first half of FY25. This expansion is largely attributed to strong contributions from the group’s core infrastructure businesses, which include energy, transport, and utilities. The Adani Group's strategic focus on these sectors has played a crucial role in driving its financial success.
In terms of operational performance, the group reported a Trailing Twelve-Month (TTM) EBITDA of ₹83,440 crore, reflecting a 17% year-on-year increase. For H1 FY25 alone, the EBITDA reached ₹44,212 crore, marking a substantial growth of 25.5% when adjusted for non-recurring incomes. This impressive financial performance underscores the effectiveness of the group’s operational strategies.
Moreover, the Adani Group's financial health remains strong, with a net debt-to-EBITDA ratio of 2.46x, significantly below its guidance range of 3.5x to 4.5x. This conservative approach to leverage demonstrates the group's commitment to maintaining a sustainable financial structure. Additionally, liquidity across its portfolio companies is robust, with cash reserves amounting to ₹53,024 crore, sufficient to cover debt obligations for the next 28 months.
Looking ahead, the Adani Group has ambitious plans to invest over ₹8 lakh crore (approximately USD 100 billion) across its portfolio companies over the next decade. This investment strategy emphasizes the group's commitment to growth while minimizing reliance on external debt.
The core infrastructure segment has been a major driver of this success, accounting for 86.8% of total EBITDA in H1 FY25. Emerging businesses in green energy and transportation have also contributed significantly to this growth. Notably, solar module sales surged by 91% year-on-year, and passenger movements at Adani airports increased by 6%.
Overall, this announcement reflects the Adani Group's resilience and strategic focus on sustainable growth amid various challenges, including recent legal issues faced by its leadership. As it continues to expand its asset base and invest in key sectors, the group is poised for further success in the coming years.
