By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Latest World News UpdateLatest World News UpdateLatest World News Update
  • Home
  • Business
  • National
  • Entertainment
  • Sports
  • Health
  • Science
  • Tech
  • World
  • Marathi
  • Hindi
  • Gujarati
  • Videos
  • Press Release
    • Press Release
    • Press Release Distribution Packages
  • Legal Talk
Reading: Adani Portfolio delivers record performance in 2023-24 fiscal, EBITDA grows 45 pc – World News Network
Share
Notification Show More
Font ResizerAa
Latest World News UpdateLatest World News Update
Font ResizerAa
  • Home
  • Business
  • National
  • Entertainment
  • Sports
  • Health
  • Science
  • Tech
  • World
  • Marathi
  • Hindi
  • Gujarati
  • Videos
  • Press Release
    • Press Release
    • Press Release Distribution Packages
  • Legal Talk
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Latest World News Update > Blog > Business > Adani Portfolio delivers record performance in 2023-24 fiscal, EBITDA grows 45 pc – World News Network
Business

Adani Portfolio delivers record performance in 2023-24 fiscal, EBITDA grows 45 pc – World News Network

worldnewsnetwork
Last updated: June 2, 2024 12:00 am
worldnewsnetwork 1 year ago
Share
SHARE

Ahmedabad (Gujarat) [India], June 2 (ANI): In the recently concluded financial year 2023-24, the Adani Group of companies performed its best, delivering a record overall EBITDA growth of 45 per cent.
“Sustained growth in EBITDA is due to a high contribution of the core infra and utility platform, which offers a high level of predictability, stability, and visibility,” the conglomerate said on Sunday.
The core infra and utility platform generated Rs 69,337 crore or 84 per cent of the total EBITDA (earnings before interest, taxes, depreciation, and amortization).
With strong cashflows and enhanced credit profiles, the Adani Portfolio is seemingly in a ‘stronger than ever’ position to accelerate the growth momentum.
On Sunday, Adani Group released a Credit and Result compendium for financial year 2023-24, which offered insights into the financial performance of the portfolio.
Its performance in 2023-24 and over the past five years, despite all external volatilities and headwinds, has been consistent year after year.
Liquidity position: With cash reserves of Rs 59,791 crore (USD 7.2 billion) at the portfolio level was the highest ever, it is up 48.5 per cent from last year and was at 24.8 per cent of gross debt.

Predictable cashflows also led to multiple rating upgrades across portfolio companies. Adani Ports and Special Economic Zone became the first largescale Indian infrastructure company to be rated ‘AAA’.

Now, three listed portfolio companies — APSEZ, Ambuja Cement and ACC — have the highest INR rating of ‘AAA’. Additionally, there are two ‘AAA’ rated entities under AESL, namely Alipurduar Transmission and Western Transmission.

Coming to its debt mix, domestic banking exposure stands at 36 per cent and domestic capital markets at 5 per cent whereas 26 per cent is the exposure to the global banking market; the global capital market is at 29 per cent and the balance 4 per cent is with “others”.
In the compendium, it said its total gross assets increased by Rs 65,901 crore (USD 8 billion) or 16 per cent and now stand at Rs 478,137 crore (USD 57.4 billion).

In its compendium, it also mentioned about its latest development milestones, including its first ingot and wafer manufacturing facility at Mundra, Gujarat; integrated Terminal 3 of Chaudhary Charan Singh International Airport, Lucknow; Khavda, the world’s largest energy park in the making – Solar and India’s largest wind turbine; among others.
Headquartered in Ahmedabad, the Adani portfolio is the fastest-growing portfolio of diversified businesses in India with interests in logistics (seaports, airports, shipping and rail), resources, power generation and distribution, renewable energy, gas and infrastructure, agro (commodities, edible oil, food products, cold storage and grain silos), public transport infrastructure, defence, and other sectors. (ANI)

Contents
WORLD MEDIA NETWORKPRESS RELEASE DISTRIBUTIONPress releases distribution in 166 countriesPress releases in all languagesPress releases in Indian LanguagesIndia PackagesEurope PackagesAsia PackagesMiddle East & Africa PackagesSouth America PackagesUSA & Canada PackagesOceania PackagesCis Countries PackagesWorld Packages

Disclaimer: This story is auto-generated from a syndicated feed of ANI; only the image & headline may have been reworked by News Services Division of World News Network Inc Ltd and Palghar News and Pune News and World News

sponsored by

WORLD MEDIA NETWORK


PRESS RELEASE DISTRIBUTION

Press releases distribution in 166 countries

EUROPE UK, INDIA, MIDDLE EAST, AFRICA, FRANCE, NETHERLANDS, BELGIUM, ITALY, SPAIN, GERMANY, AUSTRIA, SWITZERLAND, SOUTHEAST ASIA, JAPAN, SOUTH KOREA, GREATER CHINA, VIETNAM, THAILAND, INDONESIA, MALAYSIA, SOUTH AMERICA, RUSSIA, CIS COUNTRIES, AUSTRALIA, NEW ZEALAND AND MORE

Press releases in all languages

ENGLISH, GERMAN, DUTCH, FRENCH, PORTUGUESE, ARABIC, JAPANESE, and KOREAN CHINESE, VIETNAMESE, INDONESIAN, THAI, MALAY, RUSSIAN. ITALIAN, SPANISH AND AFRICAN LANGUAGES

Press releases in Indian Languages

HINDI, MARATHI, GUJARATI, TAMIL, TELUGU, BENGALI, KANNADA, ORIYA, PUNJABI, URDU, MALAYALAM
For more details and packages

Email - support@worldmedianetwork.uk
Website - worldmedianetwork.uk

India Packages

Read More

Europe Packages

Read More

Asia Packages

Read More

Middle East & Africa Packages

Read More

South America Packages

Read More

USA & Canada Packages

Read More

Oceania Packages

Read More

Cis Countries Packages

Read More

World Packages

Read More
sponsored by

You Might Also Like

AI data centers to drive 11-fold rise in water consumption by 2028: Morgan Stanley – World News Network

Equity market and volatility, Sensex navigates through crises from 1000 to 86,000 journey: Study – World News Network

India Today Group’s MO unveils Gen Z’s boldest podcast – Secret Lives of Teenagers: Swiggy comes on board as presenting partner – World News Network

AI data centers to drive 11-fold rise in water consumption by 2028: Morgan Stanley – World News Network

Equity market and volatility, Sensex navigates through crises from 1000 to 86,000 journey: Study – World News Network

Share This Article
Facebook Twitter Email Print
Previous Article Lok Sabha polls: Third straight term for NDA with massive majority, say exit polls; BJP expected to make inroads in Bengal, South – World News Network
Next Article Raveena Tandon not drunk, false complaint filed: Mumbai Police – World News Network
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
136kSubscribersSubscribe
4.4kFollowersFollow
- Advertisement -

Latest News

JK: Encounter underway in Guddar forest in Kulgam – World News Network
National 6 hours ago
Odisha Police seek financial details of Rajiv Gandhi Foundation in case against Rahul Gandhi – World News Network
National 6 hours ago
Haridwar: Devotees take holy dip in River Ganga after total lunar eclipse – World News Network
National 6 hours ago
“PM’s 3-hour Manipur visit an insult to people,” says Jairam Ramesh – World News Network
National 6 hours ago

Sports

Lamine Yamal or Ousmane Dembele?: Rodri picks his Ballon d’Or 2025 winner – World News Network
Sports
Coach Fulton sets eyes on World Cup, Asian Games next year after India’s Asia Cup win – World News Network
Sports

Popular Category

  • Business
  • Entertainment
  • Health
  • National
  • Videos
  • Gujarati

Popular Category

  • Hindi
  • Lifestyle
  • Marathi
  • National
  • Science
  • Sports
  • Tech
  • World

Entertainment

MTV Video Music Awards: Lady Gaga wins Artist of The Year, delivers inspiring speech – World News Network
Entertainment
Musician Rick Davies passes away at 81 – World News Network
Entertainment
Copyright © 2023 World News Network. All Rights Reserved.
Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Lost your password?