About the company:

Adani Enterprises Limited (AEL) is the flagship company of the Adani Group, a leading Indian multinational conglomerate. It operates as an incubator for various business ventures, including infrastructure, energy, mining, defense, and airports. AEL has diversified interests in sectors such as renewable energy, data centers, agribusiness, and logistics. The company plays a key role in India’s infrastructure development and global trade, with a strong focus on sustainability and innovation.

Capex & Financial Strategy:

  • FY25 capex target revised from ₹80,000 crores to ₹69,562 crores due to project timing shifts.
  • FY25 nine-month capex at ₹21,000 crores; full-year expected around ₹30,000 crores.
  • FY26 capex focus:
    • ₹28,000 crores for ANIL’s Green Hydrogen Ecosystem.
    • ₹11,000-12,000 crores for Navi Mumbai Airport completion.
  • Debt Position:
    • Net external debt: ₹46,858 crores.
    • Cash reserves: ₹5,800 crores.
    • Minimal short-term debt obligations (~₹3,300 crores in airports).

Key Developments:

  • Sustainability & ESG:

    • S&P Global Corporate Sustainability Score improved from 49 to 63.
    • Ranked among the top 5 globally in the sector.

  • Solar Business Strategy:

    • Current capacity at 4.5 GW, targeting 10 GW by FY28.
    • Majority of wind turbine sales to Adani Green Energy.
    • Continued export & domestic sales in solar modules.

  • Data Centers Growth:

    • 270 MW total under development, 210 MW order book secured.

Outlook & Future Strategy:

  • Adani Wilmar stake sale proceeds to be reinvested into high-return infrastructure projects.
  • Focus on expanding renewables, airports, mining, and data center businesses.
  • Strong growth expectations in green hydrogen & clean energy.

 

Here’s a table summarizing Adani Enterprises’ financial performance for the last three quarters:

Financial MetricsQ3 FY25Q2 FY25Q1 FY25
Revenue (₹ Crores)72,76368,61065,250
EBITDA (₹ Crores)12,37710,8009,850
EBITDA Growth (%)29% YoY24% YoY22% YoY
Profit Before Tax (PBT) (₹ Crores)5,2204,9004,500
EBITDA Margin (%)~17%~16%~15%
Debt (₹ Crores)46,858~45,000~44,500
Cash Reserves (₹ Crores)5,800~6,000~5,500

 

Recent updates:

Highlights from the last con call:

Consolidated income up by 6% to ₹72,763 crores.

EBITDA increased 29% to ₹12,377 crores.

Profit before tax (PBT) grew 21% to ₹5,220 crores.

Non-cash mark-to-market (MTM) adjustments affected finance costs, with a recorded impact of ₹750-770 crores.

Adani Wilmar stake sale:

Reduced stake by 13.5%; further 30.4% stake transfer planned. Expected to raise ₹14,200 crores, enabling ₹70,000 crores investments in core infrastructure.

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