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Adani Group's Unstoppable Rise with 42 Percent YoY Profit Growth

Adani Group's Phenomenal Profit Surge, A Masterclass in Diverse Business Excellence

23 August 2023

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Kunal Tyagi

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  • Adani Group achieves a remarkable 42% YoY growth in pre-tax profit across diverse businesses.

  • Record-breaking EBITDA of Rs 23,532 crore in April-June, nearly matching FY19's full-year EBITDA.

  • Strategic expansion, resilient operational excellence, and diversified portfolio drive Adani Group's impressive financial resurgence.

The Adani Group, led by billionaire Gautam Adani, has demonstrated its prowess again by achieving a remarkable 42% year-on-year growth in pre-tax profit. This resounding success can be attributed to the conglomerate's diverse portfolio, spanning businesses ranging from airports to power generation and sea ports. Notably, the April-June quarter witnessed an all-time high EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of Rs 23,532 crore, a figure nearly matching the entire EBITDA of the FY19 fiscal year. This unprecedented growth signifies the conglomerate's commitment to strategic expansion and operational excellence.


The core strength of Adani Group lies in its comprehensive infrastructure and utility platform, which contributed a whopping 86% to the total portfolio EBITDA. This dominance in generating stable and assured cash flows not only solidifies the conglomerate's financial position but also fosters long-term earnings predictability and visibility. The substantial profits have bolstered the group's liquidity, reflecting a robust cash balance of Rs 42,115 crore. Such a liquidity position indicates the resilience and adaptability of the Adani Group, reinforcing its capability to navigate market challenges effectively.


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Despite facing a setback earlier this year due to allegations of accounting fraud and stock manipulation by a US short-seller, Adani Group's comeback strategy has been nothing short of impressive. To restore investor confidence, the group embarked on various measures, including revising its growth plans, divesting stakes, and optimizing spending on new projects. By recalibrating its approach and proactively addressing concerns, the conglomerate has managed to turn the tide in its favor and regain lost ground.


The resurgence of the Adani Group is visible across multiple fronts. The renewable power business under Adani Green Energy reported a substantial 67% increase in EBITDA, driven by a significant expansion of operational capacity. The cement businesses, operating under Adani Cement, exhibited robust performance due to effective cost optimization and enhanced synergies, resulting in a noteworthy 54% year-on-year growth in EBITDA. Adani Enterprises Ltd., the flagship incubator, witnessed an impressive doubling of profits across various ventures, including airports and green hydrogen initiatives.


Adani Group's remarkable achievements are not confined to a single sector. Adani Ports and SEZ achieved a historic milestone by recording its highest-ever quarterly cargo volume. Furthermore, Adani Power commissioned a substantial 1,600 MW ultra-supercritical power plant, contributing significantly to the conglomerate's overall growth trajectory. These accomplishments underscore the group's ability to excel in a diverse range of industries, ensuring a well-rounded and sustainable expansion strategy.


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