Adani Group companies' growth remains in double digits, this information was shared on EBITDA

Adani Group is well-positioned to service its debt obligation. Besides that, the company posted a record profit before taxation (EBITDA) during the 12-month period ending in 2024. The company made this public on Thursday.

The country's biggest infrastructure company dealing with the cement and mining sector has released the first nine months of the current financial year 2024-25 results. Adani Group also released the Trailing-Twelve-Month (TTM) Statement of Affairs and the Credit Compendium with the third quarter results of the Adani group of companies.

The group is declaring that the cash holding of the following 28 months is higher with respect to long-term debt liabilities. The company holds cash of Rs 53,024 crore.

The report issued by the company said, "Companies in this segment have maintained sufficient cash to meet the debt payment requirements for at least the next 12 months." The cash balance represents 20.5 percent of gross debt.

It said, "These increasing cash flows have enabled continued investment. FFO or cash after tax for the last 12 months as of September 30, 2024, was Rs 58,908 crore." According to the Adani Group, the income before tax (EBITDA) in the calendar year 2024 stood at Rs 86,789 crore, an increase of 10.1 percent year-on-year. The group said that in the October-December quarter alone, pre-tax income grew 17.2 percent to Rs 22,823 crore.

Emerging businesses such as solar and wind manufacturing and airports under Adani Enterprises Limited (AEL) contributed significantly to this growth. These businesses are part of AEL's infrastructure. They grew 45 percent year-on-year in the October-December quarter and 33.3 per cent in the last 12 months.

According to Adani Group data, the gross debt of their companies during this period stood at Rs 2.58 lakh crore, which was Rs 2.41 lakh crore by the end of 2023-24. Net debt after adjusting for cash balance stood at Rs 2.05 lakh crore, which was Rs 1.81 lakh crore by the end of March 2024. About 85 per cent of the group's profit comes from its infrastructure business, especially utilities and transportation.