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

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

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

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..