Adani airport business posts Rs 1.48 billion pre-tax loss in Q2

30 Oct 2024 CW Team

For the half-year period (April-September), the company recorded a pre-tax loss of Rs 2.37 billion, compared to Rs 1.63 billion in the previous year. However, revenue for the six-month period increased by 22% to Rs 44.53 billion.

The company’s operational performance improved, with EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortization) rising 31% year-on-year to Rs 7.44 billion in Q2. For the half-year period, EBITDA stood at Rs 14.26 billion, marking a 32% increase compared to the same period last year.

Adani Enterprises Ltd, the parent company, reported consolidated net profit of Rs 17.42 billion for the July-September quarter, a more than sevenfold increase from the previous year. Consolidated revenue also grew by 15% year-on-year to Rs 231.96 billion.

“Our focus on executing greenfield projects in Adani New Industries Ltd (ANIL), including three giga-scale manufacturing plants, along with the rapid development of Navi Mumbai International Airport, is driving these strong results. We expect to replicate this growth across data centers, roads, metals, materials, and specialized manufacturing,” said Gautam Adani, Chairman, Adani Group, in a statement.

Adani Airport Holdings aims to make the under-construction Navi Mumbai International Airport operational in the first half of 2025. During Q2, the company’s seven operational airports—Mumbai, Jaipur, Lucknow, Guwahati, Ahmedabad, Mangaluru, and Thiruvananthapuram—handled 22.3 million passengers, reflecting a 5% year-on-year growth. Air cargo throughput surged 47% to 280,000 metric tonnes, with the company now managing around 23% of India’s domestic air passenger traffic.

The quarter also saw the addition of six new routes, six new airlines, and 13 new flights across the company’s airport network.

(ET)

Adani Airport Holdings Ltd, a subsidiary of Adani Enterprises Ltd responsible for airport operations, reported a pre-tax loss of Rs 1.48 billion for the July-September quarter, widening from a loss of Rs 650 million in the same period last year. Despite the loss, revenue for the quarter rose 17% year-on-year to Rs 22.76 billion. For the half-year period (April-September), the company recorded a pre-tax loss of Rs 2.37 billion, compared to Rs 1.63 billion in the previous year. However, revenue for the six-month period increased by 22% to Rs 44.53 billion. The company’s operational performance improved, with EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortization) rising 31% year-on-year to Rs 7.44 billion in Q2. For the half-year period, EBITDA stood at Rs 14.26 billion, marking a 32% increase compared to the same period last year. Adani Enterprises Ltd, the parent company, reported consolidated net profit of Rs 17.42 billion for the July-September quarter, a more than sevenfold increase from the previous year. Consolidated revenue also grew by 15% year-on-year to Rs 231.96 billion. “Our focus on executing greenfield projects in Adani New Industries Ltd (ANIL), including three giga-scale manufacturing plants, along with the rapid development of Navi Mumbai International Airport, is driving these strong results. We expect to replicate this growth across data centers, roads, metals, materials, and specialized manufacturing,” said Gautam Adani, Chairman, Adani Group, in a statement. Adani Airport Holdings aims to make the under-construction Navi Mumbai International Airport operational in the first half of 2025. During Q2, the company’s seven operational airports—Mumbai, Jaipur, Lucknow, Guwahati, Ahmedabad, Mangaluru, and Thiruvananthapuram—handled 22.3 million passengers, reflecting a 5% year-on-year growth. Air cargo throughput surged 47% to 280,000 metric tonnes, with the company now managing around 23% of India’s domestic air passenger traffic. The quarter also saw the addition of six new routes, six new airlines, and 13 new flights across the company’s airport network. (ET)

Infrastructure Transport

05 Feb 2026

MMRDA Installs 325-Tonne Steel Spans on Mumbai Metro Line 4

The Mumbai Metropolitan Region Development Authority (MMRDA) has achieved a key construction milestone on Metro Line 4 with the successful installation of three large steel spans at Bhandup West during overnight operations.The spans, together weighing 325 metric tonnes, were launched using eight heavy-duty cranes and 12 multi-axle vehicles. The operation required precise engineering and meticulous planning to minimise disruption in the densely populated suburban area.Due to effective inter-agency coordination, the work—originally scheduled across four nights—was completed within just two n..

Infrastructure Transport

05 Feb 2026

CMRL Targets March 2027 Opening for Vadapalani–Panagal Park

Chennai Metro Rail Limited (CMRL) is progressing as scheduled to open the Vadapalani–Panagal Park section of Phase II’s Corridor 4 by March 2027. The 3.5 km underground stretch is part of the 26.1 km Corridor 4 connecting Lighthouse with Poonamallee Bypass.Construction activities are advancing steadily, with tunnelling works between Vadapalani and Panagal Park already completed. Track-laying operations are expected to commence shortly. At Panagal Park station, structural works have reached the concourse and platform levels, while excavation continues at the lowest level.CMRL is also consid..

Infrastructure Transport

05 Feb 2026

Maha-Metro Invites Pune Metro Civil Maintenance Bids

Maharashtra Metro Rail Corporation Limited (Maha-Metro) has invited bids for the annual civil maintenance contract of the Pune Metro Rail Project. The tender, bearing ID and number P1-O&M-20/2025, is scheduled to close on 23 February 2026, with a pre-bid meeting slated for 10 February 2026. The earnest money deposit (EMD) for the contract is Rs 3,50,500, and the duration of the contract is one year.The scope of work includes annual civil maintenance of 28 elevated and underground stations, 28.079 km of elevated viaduct including steel bridges, 12.15 km of tunnels, and two depots under the ..