In This Article:
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Consolidated EBITDA: INR4,300 crores, a growth of 48%.
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Consolidated Profit Before Tax (PBT): INR2,236 crores, an increase of 107%.
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Consolidated Income: INR26,067 crores, a growth of 13%.
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Incubating Business EBITDA: INR2,667 crores, contributing 62% to overall EBITDA.
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ANIL Green Hydrogen Ecosystem Revenue: INR4,519 crores, an increase of 138%.
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ANIL Green Hydrogen Ecosystem EBITDA: INR1,642 crores, increased by 3.6 times.
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Airport Business Revenue: INR2,177 crores, a growth of 27%.
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Airport Business EBITDA: INR682 crores, a growth of 33%.
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Incubating Business Total Income: INR9,342 crores, increased by over 63%.
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Incubating Business PBT: INR1,552 crores, a growth of 208%.
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Mining Services Revenue: INR856 crores, an increase of 41%.
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Mining Services EBITDA: INR347 crores, an increase of 43%.
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IRM Revenue: INR11,201 crores.
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IRM EBITDA: INR990 crores.
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Carmichael Mines Production: 3.2 million metric tons, an increase of 21%.
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Carmichael Mines Shipments: 2.8 million metric tons, an increase of 16%.
Release Date: August 01, 2024
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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Adani Enterprises Ltd (BOM:512599) achieved its highest ever quarterly EBITDA of INR4,300 crores, marking a 48% growth.
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The incubating business portfolio contributed significantly to the overall EBITDA, with a 107% increase to INR2,667 crores.
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The green hydrogen ecosystem revenue increased by 138% to INR4,519 crores, with EBITDA growing 3.6 times to INR1,642 crores.
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Airport business revenue grew by 27% to INR2,177 crores, with EBITDA increasing by 33% to INR682 crores.
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The company has successfully operated its solar manufacturing business at full capacity of 4 gigawatts for both cell and module lines.
Negative Points
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The net debt position increased to INR36,000 crores as of June, up from INR32,000 crores in March.
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The company is still in the process of stabilizing operations for its ingot and wafer production, with full production expected by the next quarter.
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The commercial mining projects are still under various stages of development, with no immediate production timeline provided.
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The company has not yet provided a detailed aero and non-aero revenue split for its airport operations.
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The coal-to-PVC project is still under construction, with full operations expected only by FY26 end.
Q & A Highlights
Q: Can you break down the EBITDA for the green ecosystem into wind turbine manufacturing and solar manufacturing? A: The total EBITDA for the green ecosystem is INR1,642 crores, with INR99 crores from wind turbine manufacturing and INR1,543 crores from solar manufacturing. - Saurabh Shah, CFO