Q1 pre-tax profit at Adani Group surges 33%

New Delhi: Billionaire Gautam Adani’s ports-to-energy conglomerate saw June quarter pre-tax profit surge by 33 per cent on back of strong performance by core infrastructure business as also emerging businesses ranging from solar and wind manufacturing to airports.”EBITDA (in April-June) surged by 32.87 per cent year-on-year to reach Rs22,570 crore, resulting in a trailing twelve-month (TTM) EBITDA of Rs 79,180 crore, marking a 45.13 per cent increase over the corresponding TTM of the previous year,” the group said in a statement.

Group net profit jumped over 50 per cent to Rs 10,279 crore in April-June - the first quarter of the current 2024-25 fiscal year. “The consistently advancing EBITDA is largely driven by the Group’s highly stable and resilient ‘core infrastructure’ platform, which constitutes over 80 per cent of the portfolio EBITDA and saw a remarkable 41.6 per cent growth year-on-year in Q1,” it said.

The core infrastructure platform comprises flagship Adani Enterprises Ltd’s infrastructure businesses, utility (Adani Green Energy, Adani Power, Adani Energy Solutions, and Adani Total Gas) and transport (Adani Ports & SEZ) businesses. Adani Enterprises - the business incubator of the group - saw EBITDA rise 46 per cent to Rs 4,487 crore and net profit more than double to Rs 1,776 crore in April-June.