AHMEDABAD: Adani Enterprises Ltd (AEL), part of the Adani Group, today announced its results for the quarter and year ended March 31, 2024

The emerging core infra businesses comprising of ANIL Ecosystem, Airports, and Roads are making significant strides in their operational performance. The contribution of these businesses to the overall EBIDTA has consistently increased to 45% for FY24 compared to 40% in FY23.

“Adani Enterprises has once again validated its position not only as the premier business incubator in India but also as a global leader in infrastructure development,” said Gautam Adani, Chairman of the Adani Group. “AEL’s resilient growth model of incubation confirms the operational and organizational excellence. This is supported by high ratings and fully funded growth. Our commitment to excellence in project management and operations continues to set global benchmarks, ensuring sustainable long-term value creation for our stakeholders. We remain dedicated to corporate governance, meticulous compliance, robust performance, and effective capital flow management.“

Consolidated highlights FY24 (YoY)

• EBITDA increased by 32% to Rs. 13,237 cr
• PBT increased by 56% to Rs. 5,640 cr
• ANIL Ecosystem EBIDTA increased by 4.6x to Rs. 2,296 cr
• Airports EBIDTA grew by 45% to Rs. 2,437 cr
• Air Passenger Traffic increased by 19% to 88.6 million

Consolidated highlights Q4 FY24 (YoY)

• EBIDTA stood at Rs. 3,646 cr vs Rs. 3,974 cr in Q4 FY23 (Q4 FY23 included cumulative EBIDTA of Rs. 1,038 Cr for 3 HAM Projects in Road business)
• PBT stood at Rs. 1,322 cr vs Rs. 1,554 cr in Q4 FY23 in line with above
• ANIL Ecosystem EBIDTA increased by 6.2x to Rs. 641 cr
• Airports EBIDTA grew by 130% to Rs. 662 cr

Business highlights

• ANIL Solar Manufacturing division has successfully commissioned India’s first large-sized monocrystalline ingot and wafer unit of 2 GW capacity
• Adani’s copper unit under Kutch Copper Ltd commissioned the 500 KTPA greenfield copper refinery project showcasing the Adani Group’s ability to plan and execute large-scale projects in record time
• Adani Airports inaugurated Phase I of Integrated Terminal 3 of Lucknow Airport
• AdaniConneX’s order book increased to 210 MW from 112 MW

Consolidated Financial Highlights                                                                                                               (Rs. in Crore)

      Note: 1. PAT attributable to owners 2. Cash Accruals are equal to Profit Before Tax + Depreciation – Current Taxes

Incubating Businesses Financial Highlights

Operational Highlights

     #¹ Commercial production and supply of WTG sets started from Q3 FY24 I UoM: Unit of Measurement

Business Updates:

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GURGAON: Adani TotalEnergies E-Mobility Limited (ATEL), a wholly owned subsidiary of Adani Total Gas Limited (ATGL), and part of the diversified Adani Portfolio and MG Motor India signed a Memorandum of Understanding (MoU) to strengthen the EV charging infrastructure in India. The collaboration to develop charging solutions for electric vehicles (EV) and value-added services to MG’s EV customers nationwide will underpin India’s rapidly evolving EV ecosystem by helping build a robust and efficient charging infrastructure.

In terms of MoU, Adani TotalEnergies E-Mobility Limited (ATEL) will set up CC2 60 kW DC chargers at upcoming MG dealerships to bolster the charging network and enhance customer accessibility. The partnership will also provide a comprehensive solution encompassing supply, installation, commissioning, operations, and maintenance of charging infrastructure. In addition, a digital platform will be launched to facilitate a seamless customer experience, covering discovery, user authentication, charging, and billing settlement through a dedicated mobile application.

Under this strategic partnership, both parties shall explore the potential of integrating public charging stations across platforms by leveraging advanced application programming interfaces (APIs) to enhance network visibility and accessibility. This integration will offer increased accessibility and visibility to the PCS Network and a seamless experience across the integrated network owned and deployed by both entities.

Gaurav Gupta, Chief Growth Officer, MG Motor India, said, “MG is committed to Carbon Neutrality, Sustainability, and Green Mobility. We are delighted to embark on a new journey with Adani TotalEnergies E-Mobility Limited, which will catalyze the adoption of electric vehicles in India. This strategic partnership reflects our commitment to sustainable mobility and our vision to revolutionize the EV landscape by building a robust charging infrastructure. The combined synergies aim to empower Indian consumers to embrace electric mobility.”

Talking on the occasion, Suresh P Mangalani, ED & CEO, ATGL, said, “The world is embracing more sustainable and clean energy sources and electric vehicles are at the forefront of this transition. Adani TotalEnergies E-Mobility Limited’s and MG Motor India’s partnership to develop charging infrastructure marks a significant milestone and will play a crucial role in accelerating India’s energy transition. This effort will contribute towards reducing carbon emissions and promoting a cleaner and greener environment.”

The collaboration will enhance customer experience with RIFD solutions accessible to MG users at the strategic locations of ATEL’s public charging network, especially at places such as airports. ATEL will offer RFID cards to MG through bulk purchase arrangements, featuring preferential discount offerings for MG users.

As an early mover in the EV space, MG India’s focus has been on developing product offerings and establishing a robust EV charging infrastructure to ensure convenience in the adoption of electric vehicles. MG also has a 6-way charging infrastructure to make electric vehicle usage more convenient and accessible.

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DAVOS: The Adani portfolio of companies, one of the world’s largest infrastructure conglomerates, and the Government of Telangana today signed four memorandums of understanding (MoU) for investment of over Rs 12,400 crore, at the World Economic Forum 2024. These were signed in the presence of the Chief Minister of Telangana, Mr. Revanth Reddy, and the Chairman of the Adani Group, Mr. Gautam Adani.

These MoUs will help build the foundations for economic growth of Telangana that is green, sustainable, inclusive, and transformative.

Adani Enterprises Limited (AEL) will invest over Rs 5,000 crore in a 100 MW data centre, which would be powered by renewable energy, over the coming 5-7 years. AEL will work closely with local MSMEs and startups to develop a globally competent supplier base for the project. It would provide employment, both direct and indirect, to 600 people.

Adani Green Energy Limited (AGEL) will invest over Rs 5,000 crore to set up two pump storage projects (PSPs) –850 MW at Koyabestagudem and 500 MW at Nacharam.

Ambuja Cements will invest Rs 1,400 crore to set up a 6 MTPA cement plant in the next five years. The unit would be set up across 70 acres and would significantly enhance Ambuja’s capability. It will provide employment for over 4,000 people, both directly and indirectly.

Adani Defence Systems and Technologies Limited will invest over Rs 1,000 crore in 10 years to set up a comprehensive ecosystem for the research, development, design, manufacturing and integration of counter drone and missile systems at the Adani Aerospace Park. The ecosystem developed through these projects would significantly enhance the defence capability of India and would provide employment to over 1,000 people.

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