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The Adani Group To Pass 11 Billion USD In EBITDA This Fiscal Year

This comes amidst the various controversies of Adani Scandal which have been ongoing for a while now. It also reflects the Adani Groupu2019s increased resilience in its various business sectors.

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The Adani Group To Pass 11 Billion USD In EBITDA This Fiscal Year

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  1. The Adani Group To Pass 11 Billion USD In EBITDA This Fiscal Year

  2. The Adani Group has recently passed a statement that it will surpass 11 billion USD in EBITDA this fiscal year. The group’s total assets have already increased to INR 5.53 lakh crore. To date, its capital expenditure across various business verticals has reached INR 75,500 crore during the first half of this fiscal. This comes amidst the various controversies of Adani Scandal which have been ongoing for a while now. It also reflects the Adani Group’s increased resilience in its various business sectors.

  3. Adani’s Plans To Pass 11 Billion USD This Fiscal: The Adani Group has recently told its investors that the global business group is all set to surpass 11 billion USD in earnings before interest, tax, depreciation, and amortisation this financial year. This will mark an increase from 10 billion USD during the year-ago period. As per the details shared with some investors including prominent international bond houses, the group has mentioned that its asset base has reached INR 5.53 lakh crore as of 30th September, 2024. This reflects the group’s ongoing expansions and investments across various business verticals. It also highlights the Adani Group’s strong resilience even amidst the controversies of the Adani Scandal.

  4. The Adani Group’s Total Capital Expenditures For FY25: The total capital expenditure for FY25 has already exceeded 15 billion USD. The group has also raised over 2 billion USD in equity this year. This includes 1 billion USD by Adani Enterprises Limited, 600 million USD by Adani Energy Limited, and 444 million USD at the subsidiary level of Adani Green Energy Limited. An additional promoter equity infusion of around 300 million USD in AGEL was also included. Because of this extraordinary financial strategy, the group’s total assets have increased to INR 5.53 lakh crore. He told its investors that the capital expenditure across different business verticals in the current fiscal year has reached INR 75,500 crore in the first half of the year.

  5. The company had guided for a capex of INR 1.3 lakh crore for FY25. In August 2024, the conglomerate had said to its investors that it does not have enough cash to offer 30 months of debt payments and its businesses are firing on all cylinders. The company’s net debt increased by around 3 billion USD. This has been mainly driven by business expansion and capital expenditures. The group also said that it currently maintains a strong cash position of around 7 billion USD. This offers it enhanced financial flexibility to take various growth initiatives in the upcoming years.

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