20-Feb-2025 11:31 AM
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New Delhi, Feb 20 (Reporter) Ports-to-energy conglomerate Adani Group on Thursday said that its portfolios' combined Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) for the Trailing Twelve Months (TTM) as of December 2024 reached all-time high of Rs 86,789 crore, registering a growth of 10.1% year-on-year.
During the October-December quarter (Q3) of the current financial year 2024-25, the Adani group companies' EBITDA increased by 17.2% to Rs 22,823 crore.
The group said in a media release that Adani portfolio companies are now on a high capex path, with a strong base of increasing cash flow generation and project execution outlay of respective portfolio companies.
"This will position the respective portfolio companies as the global leaders in their respective sectors," it said.
As per the official release, the group's core infrastructure portfolio continued to power cash flow generation, with 84% contribution to the total portfolio EBITDA.
"This ‘Core Infrastructure’ platform comprises—AEL’s (Adani Enterprises Ltd) incubating infrastructure businesses, utility (Adani Green Energy, Adani Power, Adani Energy Solutions, and Adani Total Gas), and transport (Adani Ports & SEZ) businesses," it said.
The group said that its credit profile has now achieved a significant milestone, with 75% of the run-rate EBITDA now generated from assets with domestic ratings of ‘AA-‘ and above.
"Sufficient liquidity is maintained across portfolio companies to cover debt servicing requirements for at least the next 12 months," it said.
As of September 30, 2024, Adani portfolios had a cash balance of Rs 53,024 crore, representing 20.5pc of gross debt...////...