The Adani Portfolio with its emerging businesses such as solar and wind, in conjunction with airport and road investments, posted a 50.1% rise in net profit to Rs 10,279 crore—to be read year-on-year—for the first quarter of this fiscal. The firm declared on Monday that its consolidated EBITDA jumped 32.9% to Rs 22,570 crore.
In particular, EBITDA from Adani's core infrastructure segments, comprising utilities, transport, and infrastructure under Adani Enterprises Ltd, was up by 41.6 percent on a year-on-year basis and contributed 86 percent to the total EBITDA, the Adani Group said in a statement.
The trailing-12-month EBITDA stood at Rs 79,180 crore, up 44.9% on a year-on-year.
The strong quarterly numbers were underpinned by increased sectors of Adani Enterprises in solar and wind manufacturing and airport and road investments. The company further announced these fast-growing sectors now account for 13.3% of overall portfolio EBITDA, versus 7.2% a year prior.
This substantial and resilient growth has been the direct result of the strategic focus that the Adani Group has had on its infrastructure platform, which lends considerable stability and predictability.
The steadily growing contribution from infrastructure operations at Adani Enterprises Ltd. has held the key to this growth, with its EBITDA improving 69.98 percent on-year, the company said.
The selling of solar modules for the manufacturing industry surged to 125%, compared to the previous year, when it gave a hike sale to the largest and the foremost vertically integrated solar PV manufacturer in India.
The utility sector contributed 41.44% to the EBITDA, wherein Adani Power was up 53.6% in EBITDA on a sales increase of 38%. Adani Green Energy, on the other hand, had an impressive show with a 30.3% increase in EBITDA, which was helped due to 31% expansion in operational capacity.
Adani Ports and SEZ recorded a growth in EBITDA at 29.62%. The company has also won two new port concession agreements and one new port O&M contract during the quarter.
Passenger traffic in the aviation sector, across seven airports, crossed 90 million for the first time. During the quarter, eight new routes, six new airlines, and 13 new flights were added across these airports. Terminal 3 at Lucknow airport was inaugurated with the addition of 25 new brands.
The roads sector witnessed the highest ever construction of 730 lane-km.
Construction of a 500 MW hydro pump storage project has begun, and another 250 MW wind capacity was commissioned during July at Khavda, making the total capacity 11.2 GW.
The Khavda-Bhuj Transmission Line has been fully charged, enabling the evacuation of 3 GW green power from Khavda.
Vizhinjam port—India's first transshipment port featuring South Asia's most advanced container handling technology—was formally commissioned last July and will go into operation in November. With the arrival of the first mother ship, 'San Fernando', Vizhinjam Port is on its way to placing India among the finest in the world, ranking 6th or 7th globally.
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