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

29 Oct 2025

Designing Tomorrow: Amaravati’s Net Zero Landmark

Amaravati has achieved a defining landmark in India’s sustainable infrastructure journey with the inauguration of the APCRDA Project Office, the nation’s first government building to earn the IGBC Net Zero Energy Rating – Design Stage. Conceptualised by the Andhra Pradesh Capital Region Development Authority (APCRDA) and certified by the Indian Green Building Council (IGBC), the project exemplifies how governance, design and innovation can converge to deliver measurable environmental impact.A vision rooted in sustainabilitySet within a 4.3-acre site along the Seed Access Road in the Amar..

Real Estate

29 Oct 2025

Pidilite Elevates Construction with PPS

Pidilite Industries introduced Pidilite Professional Solutions (PPS) — a dedicated vertical for the construction and interiors ecosystem — at ACETECH Bengaluru 2025. Designed to empower architects, developers, contractors, and interior specialists, PPS delivers comprehensive support that extends far beyond products to ensure project excellence from concept to completion. Kavinder Singh, Joint Managing Director, Pidilite Industries, noted, “At Pidilite, we believe in enabling the construction fraternity to build boldly and sustainably. With Pidilite Professional Solutions (PPS),..

Infrastructure Transport

29 Oct 2025

Punjab, Centre Fast-Track Rajpura-Mohali Rail Line Development

The central government has fast-tracked the construction of the Rajpura-Mohali rail line to enhance connectivity in Punjab. This ambitious infrastructure project, aimed at improving transportation links between Rajpura and Mohali, has been identified as a key step in fostering regional economic growth. Union Minister for Railways, Ashwini Vaishnaw, announced the project’s acceleration during a recent assessment of the area. The rail line is expected to play a significant role in reducing travel time, promoting industrial growth, and boosting logistics efficiency in the region. The project,..