Adani Group: Adani Group’s performance was better in 2022-23, 36 percent growth in Ebitda

Adani Group Performance: Adani Group, India’s largest critical infrastructure developer, has released Adani Portfolio Results Snapshot Collection for FY23. Adani Group recorded its highest ever EBITDA (EBITDA) at the group portfolio level (including all group companies) at Rs 57,219 crore, showing a growth of 36 per cent over the previous financial year.

EBITDA of listed companies of Adani group increased by 36 percent

The profit before tax (Ebitda) of the listed companies of the Adani Group has increased by 36 percent to Rs 57,219 crore for the last financial year 2022-23. The group gave this information on Tuesday. The Adani group said in a statement that there is no risk of refinancing in the near future, nor is there a need for cash. The Adani Group is engaged in sectors ranging from ports to airports, power generation to transmission and distribution, edible oils to FMCG products, logistics and cement.

How much debt on the company till March 31, 2023

The statement said that the group had a net debt of Rs 1.86 lakh crore as on March 31, 2023. Adani Enterprises, the flagship company of the group, earned a net profit of Rs 2,422 crore in the last financial year. The company’s income during this period was Rs 1.38 lakh crore. The Adani group has interests in power generation from ports to airports to transmission and distribution, from edible oil to FMCG products, logistics, cement and roads.

Continuous cash flow coming in companies – Adani Group

For run-rate EBITDA, which considers annualization of EBITDA from projects commissioned during the year, it is Rs 66,566 crore. Adani portfolio companies operate in utility and infrastructure businesses, with over 83 per cent of EBITDA generated from core infrastructure businesses providing assured and consistent cash flows.

“The platform has a strong asset base, built over three decades, that supports resilient critical infrastructure and guarantees best-in-class asset performance throughout its life cycle,” said Compedium. The Adani portfolio update also states that there is no material refinancing risk and near-term liquidity needs, as there are no significant debt maturities in the near term.

In addition, confirmation of ratings from international and domestic rating agencies reflects the underlying credit quality with adequate financial profiles with many businesses having an underlying rating of ‘BBB’.

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