The biggest good news about Adani Group came on Sunday, the effect will be visible on Monday!

Adani Group companies posted a record profit before tax (EBITDA) of 45 per cent last fiscal (2023-24) at Rs. 82,917 crore (about $10 billion) has been registered. The group gave this information in a statement on Sunday.

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Recovering from losses to its listed companies due to US short-seller Hindenburg’s report, the Adani group focused on controlling debt, reducing pledged shares and strengthening businesses in key areas in 2023-24. 84 percent of pre-tax profit comes from the ‘core core’ business.

Adani Group said in a statement that cash profit from operations or funds flow from operations (FFO) was Rs. 56,828 crore, showing a growth of 51 percent year-on-year, driven by a disciplined investment strategy that delivered high conversions.

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Strong asset base built over three decades supporting strong critical infrastructure Rs. 4,78,137 crore ($57 billion). This asset base serves a customer base of 35 crore users.

What did the Adani Group say?

“Gross assets of the Adani portfolio grew by 25 per cent year-on-year from FY 2018-19 to FY 2023-24, while profit before tax grew by 27 per cent,” the group said. In comparison, net loans have increased by only 14 percent. “This reflects the group’s exceptional ability to deploy capital efficiently.”

The company said that their user base has grown to 350 million. The company has provided its facilities to a large customer base through airports, electricity distribution, smart metering, gas distribution and other digital platforms.

Adani Ports has built a 1.6 GW project at Gopalpur Port, Adani Power has built a 1.6 GW project at Godda Power Plant and Adani Green Energy has expanded 2.8 GW of renewable energy capacity. At the same time, Adani Energy Solutions has laid 1244 circuit kilometers of transmission lines.

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