Adani Group Posts Record Rs 898B EBITDA in FY25
ECONOMY & POLICY

Adani Group Posts Record Rs 898B EBITDA in FY25

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

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

Next Story
Infrastructure Transport

PM to Inaugurate Indore Metro Phase 1 and Datia Satna Airports on May 31

Prime Minister Narendra Modi is scheduled to inaugurate the first phase of the Indore Metro Rail project, along with the Datia and Satna airports, via video conferencing during his visit to Bhopal on May 31, according to a senior Madhya Pradesh cabinet official.During his day-long visit to Bhopal, the Prime Minister will also participate in a conference organized to commemorate the 300th birth anniversary of Devi Ahilyabai Holkar, the historic queen of the Malwa kingdom, now part of Madhya Pradesh, as stated by the Parliamentary Affairs Minister and Cabinet spokesperson Kailash Vijayvargiya.It..

Next Story
Infrastructure Transport

Kochi Metro Holds Talks with BPCL to Restore Greenery on Medians

Kochi Metro Rail (KMRL), facing increasing criticism for not maintaining the green spaces along the medians in the metro corridor, has initiated discussions with Bharat Petroleum Corporation (BPCL) and the Ernakulam District Horticulture Society to revive the project.Sources reveal that KMRL is also making fresh efforts to find sponsors to care for and maintain the gardens located between the metro pillars. Previously, several sponsors had withdrawn, which led to the neglect of these green areas.There are 989 medians along the 28-km Kochi Metro stretch. Of these, 465 are under the National Hig..

Next Story
Infrastructure Transport

Rajasthan CM Approves DPR for Jaipur Metro Phase-2 Expansion

Rajasthan Chief Minister Bhajanlal Sharma approved the detailed project report (DPR) of Jaipur Metro Phase-2 and forwarded it to the Central Government.The construction work for the project is set to begin once the Union Ministry of Housing and Urban Affairs grants approval to the DPR.Phase 2 of Jaipur Metro had been announced in the state budget for 2025-26.The project, covering a 42.80-km stretch from Todi Mode to Prahladpura, will be implemented by the Rajasthan Metro Rail Corporation—a newly formed 50:50 joint venture between the state and Central governments. The corporation will be res..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?