Adani Group’s profit before tax increased 33 percent in June quarter
The group led by renowned industrialist Gautam Adani has reported a 33 percent increase in profit before tax in the April-June quarter of the current financial year. This is due to the strong performance of the core infrastructure business as well as emerging businesses from solar and wind manufacturing to airports.
The group said in a statement, “Profit before tax (EBITDA) in the first quarter grew 32.87 percent year-on-year to Rs 22,570 crore. The EBITDA for the last 12 months (TTM) stood at Rs 79,180 crore, which is 45.13 percent higher than the same period last year.”
The group’s net profit increased by more than 50 percent to Rs 10,279 crore in the first quarter (April-June) of the current financial year 2024-25. “The consistently growing EBITDA is primarily due to the group’s highly stable and robust ‘Core Infrastructure’ platform,” the group said.
The Core Infrastructure platform comprises Adani Enterprises Ltd’s key infrastructure businesses, utility (Adani Green Energy, Adani Power, Adani Energy Solutions and Adani Total Gas) and transportation (Adani Ports & SEZ) businesses.
Adani Enterprises’ EBITDA grew 46 per cent to Rs 4,487 crore in April-June and net profit more than doubled to Rs 1,776 crore.
Renewable energy company Adani Green Energy’s EBITDA grew 30 per cent to Rs 2,866 crore and net profit nearly doubled to Rs 629 crore in the June quarter. Adani Power’s profit grew 54 per cent to Rs 3,490 crore in the June quarter, while Adani Ports & SEZ’s profit grew 47 per cent to Rs 3,107 crore.
