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Business / Sun, 02 Jun 2024 NDTV Profit

Adani Group's Multi-Decade Growth To Pivot Around Infrastructure And Utility Portfolios

The Adani Group companies' aim to leverage their high-tech infrastructure to power growth in the upcoming decades. The ports-to-power conglomerate's multi-decade story of high growth is centered around infrastructure and utility portfolio, the company said in an investor presentation. The Adani Group's earnings before interest, taxes, depreciation, and amortisation or EBITDA surged 45% to a lifetime high of Rs 82,917 crore, causing profit to jump 70.8% to a record high of Rs 40,129 crore. The operational performance resulted in all-time-high levels of liquidity for the group, with a cash balance of Rs 59,791 crore. During FY24, Ebitda performance of the infrastructure and utility alone is above Rs 69,000 crore and accounts for 84% of the Ebitda of the portfolio companies, according to the presentation.

The Adani Group companies' aim to leverage their high-tech infrastructure to power growth in the upcoming decades. The ports-to-power conglomerate's multi-decade story of high growth is centered around infrastructure and utility portfolio, the company said in an investor presentation. "Growth powered by core Infra supporting multi-decadal predictability and stability."

The Adani Group's earnings before interest, taxes, depreciation, and amortisation or EBITDA surged 45% to a lifetime high of Rs 82,917 crore, causing profit to jump 70.8% to a record high of Rs 40,129 crore. The operational performance resulted in all-time-high levels of liquidity for the group, with a cash balance of Rs 59,791 crore.

During FY24, Ebitda performance of the infrastructure and utility alone is above Rs 69,000 crore and accounts for 84% of the Ebitda of the portfolio companies, according to the presentation. Over the long term, this lends high degree of predictability, stability and visibility, it said.

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