Adani Group Reports Record ₹5 Lakh Crore Asset Base, Strong Financial Growth
Adani Group reports a record ₹5 lakh crore asset base in H1 FY25, with 17% EBITDA growth and strong liquidity reserves. Core infrastructure leads performance, while emerging sectors like green energy and airports witness 70% growth.
New Delhi: The Adani Group has announced its financial performance for H1 FY25, showcasing strong growth and stability despite global economic challenges. The company revealed a significant expansion of its asset base by ₹75,000 crore (USD 9 billion), taking the total to ₹5 lakh crore (USD 60 billion). Meanwhile, gross debt increased by only ₹16,600 crore (USD 2 billion), reflecting a balanced approach to growth.
The group's Trailing-Twelve-Month (TTM) EBITDA, which indicates core profitability, rose 17% year-over-year to ₹83,000 crore (USD 10 billion). Funds from operations (FFO), a key indicator of cash flow, reached ₹58,000 crore (USD 7 billion), growing at an annual rate of over 30% for the last five years.
The debt-to-EBITDA ratio, a measure of financial leverage, stands at 2.46x, well below the group's target range of 3.5x to 4.5x. Liquidity across Adani's portfolio remains strong, with reserves sufficient to cover all debt obligations for the next year and beyond.
Key Highlights:
- EBITDA Growth: ₹83,000 crore (USD 10 billion), up 17% year-over-year.
- Strong Cash Flow: FFO at ₹58,000 crore (USD 7 billion), growing consistently at over 30% annually for five years.
- Healthy Debt Levels: Debt-to-EBITDA at 2.46x, reflecting sound financial management.
- Liquidity Reserves: Adequate to meet all debt obligations for the next 12 months, ensuring financial stability.
- Asset Growth: Asset base grew faster than debt, with equity now contributing 63% of total funding.
- Future Stability: Debt maturities until FY34 are manageable, even without growth in FFO.
The group's core infrastructure businesses—energy, transport, and utilities—continue to drive its performance, contributing nearly 87% of EBITDA for H1 FY25. Emerging segments like green energy, airports, and roads witnessed impressive growth, with their EBITDA rising by over 70%.
Adani Group plans to invest ₹8.3 lakh crore (USD 100 billion) over the next decade, reinforcing its commitment to long-term growth.
With limited net exposure to Indian banks, the group has positioned itself for sustainable expansion while maintaining financial stability.
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