Adani Groups Q1 Results are out showing a high growth in profits of June quarter, click here to read in detail:

The Adani Group has announced its Q1 FY25 results in the Credit Compendium, revealing a robust financial performance. The group's EBITDA soared by 32.87 percent year-on-year to ₹ 22,570 crore, leading to a trailing twelve-month EBITDA of ₹ 79,180 crore, marking a 45.13 percent increase from the previous year.

This growth is largely attributed to the Adani Group's core infrastructure platform, contributing over 80 percent of the portfolio's EBITDA. This platform includes AEL's Infrastructure businesses, the Utility sector (comprising Adani Green Energy, Adani Power, Adani Energy Solutions, and Adani Total Gas), and the Transport sector (Adani Ports & SEZ).

Emerging sectors within the group, such as solar and wind manufacturing, airports, and roads, now account for 13.3 percent of the portfolio's EBITDA, a significant rise from 7.2 percent the previous year. Adani Enterprises' solar module manufacturing witnessed a 125 percent increase in sales year-on-year, while its airport segment reported substantial growth in passenger traffic, routes, and consumer services. The transport sector also demonstrated robust performance, with Adani Ports & SEZ recording a 29.62 percent rise in EBITDA and securing new port concession contracts.

Moreover, the utility segment experienced a 41.44 percent increase in EBITDA, propelled by Adani Power's 53.6 percent growth and Adani Green Energy's 30.3 percent expansion in operational capacity. The company has also progressed in infrastructure development, with significant projects like the Khavda-Bhuj Transmission Line and the inauguration of the Vizhinjam port.

Key Highlights:

• India's premier solar manufacturing enterprise, renowned for being the largest vertically integrated solar PV manufacturer, has operationalized cell lines at MSPVL (Mundra Solar PV Ltd.).
• In the aviation sector, annual passenger traffic across seven airports surpassed 90 million for the first time. This quarter saw the addition of eight new routes, six new airlines, and 13 new flights across these airports. Additionally, Lucknow airport welcomed 25 new brands following the inauguration of Terminal 3.
• The roads division achieved a record-breaking construction of 730 lane-kilometers this quarter.
• The commencement of construction for a 500 MW hydro pump storage project is underway.
• Vizhinjam port, India's inaugural transshipment hub equipped with the most sophisticated container-handling technology in South Asia, was formally commissioned in July and is set to become operational in November.
• The Adani Portfolio reported a 33 percent increase in EBITDA and a 50 percent surge in earnings, after adjustments for prior period income and one-offs. The trailing twelve-month (TTM) EBITDA stands at ₹ 79,180 crore, a 45 percent increase from the previous year's corresponding TTM.
• Despite overseeing a diverse conglomerate of 11 companies with over 25 businesses, the portfolio's growth rate is outstanding, especially when compared to the 5 percent earnings growth of the Nifty 50 companies.
• With a year-on-year growth of 42 percent, the core infrastructure segment accounts for 86 percent of the group's EBITDA, ensuring long-term stability and predictability.
• The Adani Portfolio maintains a net debt to EBITDA ratio as low as 2.2x, with a cash reserve of approximately ₹ 60,000 crore.
• Even with consistent and significant EBITDA growth, the Adani Portfolio's valuation, adjusted for growth, remains compelling when compared to the broader market index Nifty.
• Valued at approximately 23x on an EV/EBITDA basis, the Adani Portfolio stands out, while the Nifty is valued at 20x, positioning our companies as highly attractive investment opportunities.