Adani Enterprises Ltd and APSEZ Reports Stellar FY24 Results

Adani Enterprises Ltd (AEL) and Adani Ports and Special Economic Zone Ltd (APSEZ) have reported strong performances in the fourth quarter and fiscal year 2024.

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Adani Enterprises Ltd and APSEZ

Adani Enterprises Ltd Reports Strong Performance for Q4 and FY24

Adani Enterprises Ltd (AEL), a prominent entity within the Adani Group, has disclosed its financial results for the fourth quarter and fiscal year ending March 31, 2024, showcasing robust growth and operational achievements.

Adani Enterprises Ltd Financial Highlights

For FY24, AEL witnessed a substantial increase in its consolidated EBIDTA by 32%, reaching Rs. 13,237 crore. The consolidated Profit Before Tax (PBT) surged by an impressive 56%, amounting to Rs. 5,640 crore. Notably, the incubating businesses segment saw a remarkable growth of 47% year-on-year in its consolidated EBIDTA. These financial achievements underscore the company's resilient growth model and its commitment to value creation for stakeholders.

Adani Enterprises Ltd Operational Milestones

AEL achieved significant operational milestones during the fiscal year. Notably, the company successfully operationalized India’s first large-sized ingot-wafer unit with a capacity of 2 GW, demonstrating its leadership in the renewable energy sector. Additionally, the copper unit of 500 KTPA in Mundra commenced operations, further strengthening AEL's presence in the primary industries segment.

Adani Enterprises Ltd Strategic Focus and Leadership

Mr. Gautam Adani, Chairman of the Adani Group, expressed his satisfaction with AEL's performance, highlighting the company's role as a premier business incubator in India and a global leader in infrastructure development. He emphasized AEL's commitment to excellence in project management, operations, corporate governance, and effective capital flow management, ensuring sustainable long-term value creation for stakeholders.

Adani Enterprises Ltd Future Outlook

Looking ahead, AEL remains focused on its strategic investments in the green hydrogen ecosystem, airport management, data center, roads, and primary industries. These ventures are poised to unlock significant value and contribute to the company's continued growth trajectory.

APSEZ Reports Stellar FY24 Results, Surpassing Expectations

Adani Ports and Special Economic Zone Ltd (“APSEZ”) has unveiled its remarkable performance for the fiscal year ending March 31, 2024, showcasing significant growth across various financial and operational metrics.

APSEZ's Record-breaking Financial Performance

APSEZ reported a staggering 50% year-on-year increase in its net profit for FY24, reaching Rs 8,104 Cr. This impressive surge was fueled by a 28% growth in revenue, soaring to a record high of Rs 26,711 Cr. The company's EBITDA experienced a remarkable 44% jump, climbing to Rs 15,751 Cr. Furthermore, APSEZ managed to substantially reduce its net debt to EBITDA ratio from 3.1x in FY23 to 2.3x in FY24, indicating a robust financial position.

APSEZ's Operational Excellence and Expansion

In terms of operational highlights, APSEZ demonstrated its prowess by handling approximately 27% of the country’s total cargo and a remarkable 44% of container cargo. The company's domestic cargo volumes surged by 21% year-on-year, significantly outperforming India’s cargo growth rate. Notably, Mundra Port, APSEZ’s flagship port, achieved a historic milestone by handling 180 MMT of cargo in FY24, with expectations to surpass the 200 MMT mark in FY25.

APSEZ's Strategic Acquisitions and Partnerships

APSEZ strategically expanded its portfolio by acquiring Gopalpur Port and Karaikal Port, bolstering its presence and enhancing east-west parity. Additionally, the company entered into a strategic partnership with MSC to form a joint venture for Ennore Container Terminal, further strengthening its position in the market.

APSEZ's Future Outlook and Sustainability Initiatives

Looking ahead, APSEZ is poised for continued growth, with guidance for FY2025 indicating expectations of cargo volumes between 460-480 MMT and revenue ranging from Rs 29,000-31,000 Cr. The company remains committed to its sustainability goals, aiming for Net Zero emissions by 2040 and announcing the addition of 1,000 MW of new renewable capacity during FY24.


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