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.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..