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 Urban

30 Oct 2025

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors...To read the full article Click Here..

Real Estate

30 Oct 2025

Serene Communities, Prathima Group Invest Rs 4 billion in Hyderabad

Serene Communities by Columbia Pacific, India’s largest senior living operator, has partnered with Prathima Group to develop two senior living projects in Hyderabad, marking its entry into Telangana. The collaboration represents an investment of Rs 4 billion, combining Serene’s international expertise with Prathima’s local development experience. The first project, Serene BILVANI One, launched in Shankarpally, is Hyderabad’s first premium senior living community. Designed for independent and active ageing, it features senior-friendly architecture, barrier-free design, and wellness..

Infrastructure Urban

30 Oct 2025

India remains our most important market

Foundamental, the world’s leading venture capital platform focused on the project economy, has launched its third fund to strengthen its presence in India, APAC, and other global markets. Led by Berlin-based Managing Partners Shubhankar Bhattacharya and Patric Hellermann, Fund III aims for a final close by the end of 2025. In an exclusive interaction with CW, Bhattacharya shares insights on the fund’s mandate, India’s role in their strategy, and the opportunities they see in the construction-tech and project-based sectors. Can you briefly explain Fund III’s mandate and how In..