Adani portfolio generates record 45% growth in EBITDA in FY24

04 Jun 2024 CW Team

The apples-to-airport conglomerate made a tremendous comeback, as Adani Group companies reported a record 45 per cent gain in pre-tax profit (EBITDA) to Rs 829.17 billion in FY24, the group announced on Sunday. Adani Group concentrated on debt containment, lowering founder share pledges, and streamlining the firm on core competencies in 2023?2024 as a response to a critical report by a US short seller that negatively impacted the market value of its listed companies. The compound annual growth rate (CAGR) for profit growth over a five-year period was 54%.

'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.

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..

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..

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..