Consolidated EBITDA up by 90% to Rs. 6,068 cr (US$ 733.5 mn)
Consolidated PAT up by 271% to Rs. 1,750 cr (US$ 211.5 mn)
Road Business achieves 3rd Provisional COD for Mancherial HAM project
Water Business bags EPC project of Rs. 3,246 cr (US$ 392.4 mn)
AHMEDABAD, India, Feb. 14, 2023 /PRNewswire/ — Adani Enterprises Ltd (AEL), part of the Adani Group, today announced its results for the nine months & quarter ended December 31, 2022.
Financial Highlights 9M FY23 (Consolidated) (YoY Basis):
- Total Income increased by 135% to Rs. 1,06,459 cr (US$ 12.9 bn)
- EBITDA increased by 90% to Rs. 6,068 cr (US$ 733.5 mn)
- Attributable PAT increased by 271% to Rs. 1,750 cr (US$ 211.5 mn)
Financial Highlights Q3 FY23 (Consolidated) (YoY Basis):
- Total Income increased by 42% to Rs. 26,951 cr (US$ 3.3 bn)
- EBITDA increased by 101% to Rs. 1,968 cr (US$ 237.9 mn)
- Attributable PAT increased to Rs. 820 cr (US$ 99.1 mn) against loss of Rs. 12 cr (US$ 1.5 mn) in Q3 FY22
- Business Highlights:
Business
Highlights
ANIL Ecosystem
– Nacelle Facility operational and commercial assemblies shall start from Q1 FY24
ADVERTISEMENTWater Business
– Agreement signed for New EPC Project (Shakkar Pench Micro Lift Irrigation) of Rs. 3,246 Cr (US$ 392.4 mn) in the state of Madhya Pradesh
ARTL – Roads
– Provisional COD received for 3rd HAM project at Mancherial
– Appointment dates for Greenfield Project – Ganga Expressway and Kagal Satara received
Primary Industries – Mining Services
– LoA signed Pelma Mine with capacity of 15 MMT in the state of Chhattisgarh
AMG Media
– AMG Media Networks completed acquisition of NDTV
*USD figures converted at 1 USD = Rs.82.725
Operational Highlights (YoY Basis):
Business
9M FY23
Q3 FY23
ANIL Ecosystem
Solar modules volume increased by 12% to 896 MW
Solar modules volume increased by 63% to 430 MW
AAHL – Airports
(Seven Operational)
Handled 53.4 Mn Pax movements
Pax movements increased by 40% to 20.3 Mn
Primary Industries Mining Services
Production volume increased by 3% to 19.7 MMT
Production volume stood at 6.2 MMT
Primary Industries IRM
Volume increased by 43% to 67.7 MMT
Volume increased by 8% to 15.8 MMT
“Over the past three decades, as well as quarter after quarter and year after year, Adani Enterprises has not only validated its standing as India’s most successful infrastructure incubator but has also demonstrated a track record of building core infrastructure business,” said Mr Gautam Adani, Chairman of the Adani Group. “Our fundamental strength lies in mega-scale infrastructure project execution capabilities, organisational development and exceptional O&M management skills comparable to the best in the world. AEL’s exceptional resilience and capacity to build highly profitable core sector business indicate how our strategy of harnessing the diverse strengths of the Adani portfolio of companies is creating consistent long-term value for all our stakeholders. Our success is due to our strong governance, strict regulatory compliance, sustained performance, and solid cashflow generation. The current market volatility is temporary; and as a classical incubator with a vision of long-term value creation, AEL will continue to work with the twin objectives of moderate leverage and looking at strategic opportunities to expand and grow.”
