Adani Group Posts Record Rs 898B EBITDA in FY25

26 May 2025 CW Team

Profit after tax (PAT) also rose to a record Rs 405.65 billion, while gross assets surged to Rs 60.91 trillion, driven by a six-year compound annual growth rate (CAGR) of over 25 per cent. Capital expenditure for the year reached Rs 1.26 trillion (approx. USD 14.7 billion), setting a new benchmark for the group.

"A key highlight of FY25 is the continued industry-beating Return on Assets (RoA) of 16.5 per cent — among the highest globally in the infrastructure sector," said Jugeshinder 'Robbie' Singh, Group Chief Financial Officer, Adani Group. "This reflects the strength of our asset base and execution capabilities across multiple sub-sectors."

The group also emphasised progress on governance and ESG (environmental, social and governance) fronts, including the release of Tax Transparency Reports by all portfolio companies. These efforts have led to top-tier ESG ratings from international agencies.

Cash after tax (CAT) or fund flow from operations (FFO) rose 13.6 per cent year-on-year to Rs 665.27 billion (approx. USD 7.8 billion). Strong cash flows enabled record asset additions totalling Rs 1.26 trillion — with 75 per cent of the current asset base added over the past six years. Total gross assets now stand at Rs 6.1 trillion (USD 71.2 billion).

Improved profitability has significantly reduced leverage. Portfolio-level net debt to EBITDA has declined from 3.8 times in FY19 to 2.6 times in FY25.

Ratings have also improved across the group, with nearly 90 per cent of EBITDA now generated from assets rated 'AA' or higher domestically — a sharp rise from 63 per cent two years ago and 48 per cent six years ago.

The average cost of debt for FY25 dropped to 7.9 per cent, down from 9 per cent in FY24 and 10.3 per cent in FY19.

As of 31 March 2025, the Adani Portfolio held a cash balance of Rs 538.43 billion, covering 18.5 per cent of gross debt and enough to meet debt servicing obligations for 21 months — comfortably exceeding the group’s stated policy of maintaining a minimum 12-month coverage.

Image source:https://bsmedia.business-standard.co

The Adani Portfolio has reported its strongest ever financial results for FY25, with earnings before interest, tax, depreciation and amortisation (EBITDA) reaching an all-time high of Rs 898.06 billion (approx. USD 10.5 billion), marking an 8.2 per cent year-on-year increase. When adjusted for non-recurring items, EBITDA growth stands at 18 per cent.Profit after tax (PAT) also rose to a record Rs 405.65 billion, while gross assets surged to Rs 60.91 trillion, driven by a six-year compound annual growth rate (CAGR) of over 25 per cent. Capital expenditure for the year reached Rs 1.26 trillion (approx. USD 14.7 billion), setting a new benchmark for the group.A key highlight of FY25 is the continued industry-beating Return on Assets (RoA) of 16.5 per cent — among the highest globally in the infrastructure sector, said Jugeshinder 'Robbie' Singh, Group Chief Financial Officer, Adani Group. This reflects the strength of our asset base and execution capabilities across multiple sub-sectors.The group also emphasised progress on governance and ESG (environmental, social and governance) fronts, including the release of Tax Transparency Reports by all portfolio companies. These efforts have led to top-tier ESG ratings from international agencies.Cash after tax (CAT) or fund flow from operations (FFO) rose 13.6 per cent year-on-year to Rs 665.27 billion (approx. USD 7.8 billion). Strong cash flows enabled record asset additions totalling Rs 1.26 trillion — with 75 per cent of the current asset base added over the past six years. Total gross assets now stand at Rs 6.1 trillion (USD 71.2 billion).Improved profitability has significantly reduced leverage. Portfolio-level net debt to EBITDA has declined from 3.8 times in FY19 to 2.6 times in FY25.Ratings have also improved across the group, with nearly 90 per cent of EBITDA now generated from assets rated 'AA' or higher domestically — a sharp rise from 63 per cent two years ago and 48 per cent six years ago.The average cost of debt for FY25 dropped to 7.9 per cent, down from 9 per cent in FY24 and 10.3 per cent in FY19.As of 31 March 2025, the Adani Portfolio held a cash balance of Rs 538.43 billion, covering 18.5 per cent of gross debt and enough to meet debt servicing obligations for 21 months — comfortably exceeding the group’s stated policy of maintaining a minimum 12-month coverage.Image source:https://bsmedia.business-standard.co

Infrastructure Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

Infrastructure Urban

13 Oct 2025

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

Technology

13 Oct 2025

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..