Adani Group's companies posted a significant 50.1% surge in net profit for Q1 FY24, reaching ₹10,279 crore. EBITDA grew 32.9% YoY to ₹22,570 crore, driven by Adani Enterprises' ventures in solar, wind manufacturing, airports, and roads.
The group's trailing twelve-month EBITDA rose 44.9% YoY to ₹79,180 crore. Core infrastructure businesses under Adani Enterprises saw a 41.6% YoY EBITDA boost, making up 86% of total EBITDA. Emerging infra businesses, including airports, recorded a 70% EBITDA jump to ₹2,991 crore. Leverage (net debt to EBITDA) hit a multi-year low of 2.2x.