Adani Group companies post record 45% EBITDA growth in FY24

Mumbai: Adani Group companies posted a record 45 per cent rise in pre-tax profit (EBITDA) to Rs82,917 crore (about $10 billion) in FY24 as the apples-to-airport conglomerate made a massive comeback, the group said on Sunday.

Emerging from a damning report of a US short seller, which hit the market value of its listed companies, Adani Group in 2023-24 focused on containing debt, reducing founder share pledge and consolidating the business in core competencies. The five-year CAGR (compound annual growth rate) for profit growth was 54 per cent.

As much as 84 per cent of EBITDA is from ‘core infrastructure’ businesses, providing highly predictable cash flows.