Commodity trading & distribution company Adani Enterprises announced consolidated Q4FY24 & FY24 results:
Q4FY24 Financial Highlights:
- EBIDTA stood at Rs 3,646 crore vs Rs 3,974 crore in Q4FY23 (Q4FY23 included cumulative EBIDTA of Rs 1,038 crore for 3 HAM Projects in Road business)
- PBT stood at Rs 1,322 crore vs Rs 1,554 crore in Q4FY23 in line with above
- ANIL Ecosystem EBIDTA increased by 6.2x to Rs 641 crore
- Airports EBIDTA grew by 130% to Rs 662 crore
FY24 Financial Highlights:
- EBIDTA increased by 32% to Rs 13,237 crore
- PBT increased by 56% to Rs 5,640 crore
- ANIL Ecosystem EBIDTA increased by 4.6x to Rs 2,296 crore
- Airports EBIDTA grew by 45% to Rs 2,437 crore
- Air Passenger Traffic increased by 19% to 88.6 million
Gautam Adani, Chairman of the Adani Group said, "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. 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."