Adani Ports & Special Economic Zone : Enterprises Ltd announces Consolidated Results for the quarter ending June 30, 2024

Consolidated EBIDTA increased by 48% to Rs. 4,300 cr
Consolidated PBT increased by 107% to Rs. 2,236 cr
Incubating Businesses contributed 62% to Total EBIDTA

Editor's Synopsis Consolidated financial highlights Q1 FY25 (YoY) Revenue increased by 13% to Rs. 26,067 cr primarily driven by strong operational performance by ANIL Ecosystem and Airports EBIDTA increased by 48% to Rs. 4,300 cr PBT increased by 107% to Rs. 2,236 cr Business highlights • Solar module exports up by 109% to 808 MW ANIL WTG crosses 200th blade production milestone during this quarter ANIL WTG received final type certificate for 3 MW wind turbine In Airports, pax movement crossed 90 mn for the first time on TTM basis

TTM: Trailing Twelve Months

Ahmedabad, August 1, 2024: Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, announced its results today for the quarter ended June 30, 2024.

The emerging core infra businesses comprising of ANIL Ecosystem, Airports and Roads are consistently making significant strides in their operational performance. The contribution of these businesses to the overall EBIDTA has now increased to 62% in Q1 FY25 compared to 45% in Q1 FY24. ANIL Ecosystem solar manufacturing and wind turbine businesses has recorded highest ever EBIDTA of Rs. 1,642 cr with an increase of 3.6x on Y-o-Y basis and now contributes 38% to total EBIDTA on back of its robust operational performance.

"Adani Enterprises Ltd (AEL) is further expanding its position as India's leading business incubator and a global model in infrastructure development," said Mr Gautam Adani, Chairman of the Adani Group . "The substantial growth in our EBIDTA, driven by the exceptional performance of the ANIL ecosystem, our airport operations and our road construction business, underscores our commitment to operational excellence and sustainable value creation. The combination of best-in-class management practices, state-of-the-art technologies, high ratings and fully-funded growth strategies, ensures that AEL continues to set new national and international benchmarks."

Consolidated Financial Highlights

(Rs. in crore)

Particulars	Q1 FY24	Q1 FY25	% change Y-o-Y	FY24
Total Income	23,016	26,067	13%	98,282
EBIDTA	2,897	4,300	48%	13,237
Profit Before Tax	1,080	2,236	107%	5,640
Profit After Tax1	675	1,458	116%	3,240
Cash Accruals2	1,493	2,704	81%	7,076

Note: 1. PAT attributable to owners 2. Cash Accruals is equal to Profit Before Tax + Depreciation - Current Taxes ;

Incubating Businesses Financial Highlights

Business	Particulars	Q4 FY23	Q4 FY24	YoY Change	FY23	FY24	YoY Change
ANIL Ecosystem	Total Income	908	2,775	2.1x	3,567	8,741	145%
	EBIDTA	89	641	6.2x	411	2,296	4.6x
	PBT	35	536	14.3x	152	1,884	11.4x
Airports	Total Income	1,657	2,195	32%.	5,989	8,062	35%
	EBIDTA	288	662	130%	1,681	2,437	45%
	PBT	(275)	29	111%	(538)	(68)	87%

Operational Highlights

Business		UoM	Q4 FY23	Q4 FY24	YoY Change	FY23	FY24	YoY Change
ANIL Ecosystem	Module Sales	MW	315	797	153%	1,275	2,679	110%
	WTG	Sets	-	47	# 1	-	54	# 1
AAHL - Airports	Pax movement	Mn	21.3	23.2	9%	74.4	88.6	19%
	ATMs	'000	146.4	153.0	5%	538.7	593.8	10%
	Cargo	Lacs MT	1.8	1.7	(9%)	7.8	8.1	3%
ARTL - Roads	Construction	Lane-KMs	37.7	284.6	7.5x	284.1	514.8	81%
Mining Services	Production (MMT)	MMT	10.0	11.4	14%	29.7	32.5	9%
	Dispatch (MMT)	MMT	7.9	10.7	35%	25.4	30.9	22%
IRM	Volume (MMT)	MMT	20.5	24.7	21%	88.1	82.1	(7%)

Business Updates:

Adani New Industries Ecosystem

Solar manufacturing India's first large-sized monocrystalline ingot and wafer unit of 2 GW capacity operational The TopCon Cell line of 2.0 GW became operational in March 2024

Wind Turbine manufacturing Order Book at 254 sets Provisional Type Certificate received from WindGuard Certification GmbH for Prototype 2 using ANIL blades ANIL 5.2MW WTG recognized as Bronze winner among the up to 5.6 MW capacity WTGs globally by Windpower

AdaniConnex Pvt Ltd (ACX - Data Center)

Noida Data Center Construction Completion ~81% of 50MW core & shell + 10 MW MEP (Mechanical, Electrical & Plumping works)

Hyderabad Data Center Construction Completion ~88% for Phase I - 9.6 MW

Pune Data Center Pune I ~10% and Pune II ~18% for Phase I - 9.6 MW

Order Book & Awards 210+ MW Order book from Hyperscale & Enterprise customers AdaniConneX's AI based safety analytics tool has been honored with Gold SKOCH ESG Award 2024 AdaniConneX's Hyderabad site first in India to receive Five-star grading from British safety council

Adani Airports Holdings Ltd (AAHL - Airports)

Air passenger traffic showed a strong growth of 19% in FY24 Inaugurated Phase I of Integrated terminal 3 of Lucknow airport During the quarter 10 New Routes, 7 New Airlines and 18 New Flights added Mumbai Airport won the Cargo Airport of the Year - India Award - The STAT Times International Award for Excellence in Air Cargo demonstrates the best in quality of service and performance