Adani Portfolio maintains double-digit growth, achieves record EBITDA for 12 months ending Dec'24
double-digit growth despite external challenges. For the twelve-month period ending December 2024, EBITDA reached Rs 86,789 crore, marking a 10.1 per cent year-on-year growth. Adjusted for prior income, the growth stands at 21.3 per cent. In the December quarter alone, EBITDA rose 17.2 per cent to Rs 22,823 crore, a company statement said.
A key to this growth is the emerging businesses under Adani Enterprises, including solar and wind manufacturing and airports.
These businesses, part of AEL's infrastructure division, grew 45 per cent Y-o-Y in the December quarter and 33.3 per cent in the trailing twelve-month period.
Since FY19, the Adani Portfolio has shown strong growth, with EBITDA expanding at a CAGR of 25 per cent, despite challenges such as the Hindenburg report and the ongoing US indictment.
Around 85 per cent of the group's profits come from its infrastructure businesses, particularly utilities and transport.
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