Adani portfolio generates record 45% growth in EBITDA in FY24
'Core infrastructure' industries account for up to 84% of EBITDA and generate extremely predictable cash flows. The Adani Group claimed in a statement that its cash profit, or funds flow from operations (FFO), was at Rs 568.28 billion, representing a growth of 51% year over year thanks to a disciplined investment strategy offering strong conversion.
350 million customers are served by a robust asset base valued at Rs 4.78 trillion, which was developed over the course of three decades to sustain resilient vital infrastructure.
The results for FY24 (2023?24 fiscal year) and the previous five years demonstrate the durability of Adani's operations and the strength and stability of its portfolio, which despite all external headwinds and volatility continues to produce strong and steady growth year after year. It also emphasizes its exceptional approach to capital allocation, which minimizes risks and maximizes profits, the statement read.