Gautam Adani’s conglomerate saw a significant rise in profits for the June quarter. The company’s pre-tax profit grew by 33% due to strong performance in its core infrastructure and new ventures, including solar, wind, and airport businesses. EBITDA for April-June surged by nearly 32.87% to Rs 22,570 crore, with a trailing twelve-month EBITDA up 45% to Rs 79,180 crore.
The group’s net profit for this quarter jumped over 50% to Rs 10,279 crore. The core infrastructure segment, which makes up over 80% of the group’s EBITDA, saw a 41.6% increase in profits year-on-year. Adani Enterprises, a key part of this sector, reported a 46% rise in EBITDA and more than doubled its net profit.
Adani Green Energy saw a 30% increase in EBITDA and its net profit nearly doubled. Adani Power’s profit surged by 54%, and Adani Ports & SEZ’s profit rose by 47%. Adani Total Gas had a more modest profit increase of 14.4%.
The company’s emerging businesses, including solar and wind projects, airports, and roads, saw remarkable growth. The solar module manufacturing business saw a 125% increase in sales, and airport passenger traffic crossed 90 million for the first time.
In the cement sector, Adani invested Rs 15,000 crore in Ambuja Cements and acquired Penna Cement, boosting its total cement capacity. The Adani Group, based in Ahmedabad, continues to expand rapidly in various sectors including energy, transport, and consumer goods.
