Adani Enterprises announces Q1 FY23 results, crosses Rs 41,000 crore mark

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New DelhiAdani Enterprises Limited (AEL), a part of the Adani Group, today announced its results for the quarter ended June 30, 2022.

Financial Highlights Q1 FY23 (Consolidated) (YoY Basis):

  • Total income increased by 223% to Rs. 41,066 crores due to strong performance of IRM and airport business
  • EBITDA up 107% to Rs 1,965 crore on full consolidation of airports business and better realizations in IRM business
  • Attributed PAT increased by 73% to Rs. 469 crore as per EBIDTA

Gautam Adani, President, Adani Group, said, “While our diversified growth is reflected in our range of businesses, Adani Enterprises continues to prove itself as one of the world’s most successful multi-industry incubators.” “AEL’s incubation strategy has no parallel and we intend to further leverage this unique business model as we transform the Adani Group into an integrated ‘platform of platforms’ with unprecedented reach for the Indian consumer. AEL’s high growth lays the foundation for us to accelerate the continued growth of new businesses such as data centers, the airport ecosystem, road and water infrastructure, defense and aerospace, and digital technology services. At ANIL, through our partnership with Total Energy, we have also begun our journey to become the world’s largest player in green hydrogen.

Business Update (Q1 FY23):

Updates in Incubating Businesses

  1. Adani Airports Holdings Limited (AAHL – Airports)
    • Adani Airports handled during the quarter-
    • 16.6 million passengers
    • 126k air traffic movement
    • 2.3 Lakh Metric Tonnes Cargo
  1. Adani Road Transport Limited (ARTL – Roads)
  • Provisional COD received for Bilaspur HAM Road Project
  • Update on four HAM projects that are under execution:
Project State ending %
Suryapet Khammam Telangana 89%
Mancherial Repallewada Telangana 75%
Vijayawada Bypass Andra Pradesh 28%
Nanasa Pidgaon Madhya Pradesh 20%
  • Construction activities have also started in Ajiyur Vengalam, Kodad Khammam, Barakumari Karki and Panagarh Pulsit road projects.
  • Concession agreement was signed for the 65 km Kagal-Satara road project in the state of Maharashtra under BOT basis.
  1. Adani Connex Private Limited (ACX – Data Center)
  • 97 percent construction of Chennai data center completed
  • Construction begins at Noida Data Center

Update on established businesses for Q1 FY23

  1. Adani New Industries Supply Chain Ecosystem
  • Module line trial run for new 2.0 GW capacity plant and cell line commenced and comprehensive project COD is expected by Q2 FY23.
  • Volume 264 MW vs 271 MW
  1. Primary Industries (Mining Services)
  • Mining services production up 72% year-on-year to 8.1 MMT
  • Suliari Mining Services commissioned and started production

About Adani Enterprises Limited

Adani Enterprises Limited (AEL) is the flagship company of the Adani Group, one of the largest business conglomerates in India. Over the years, Adani Enterprises has focused on building emerging infrastructure businesses, contributing to nation building and diversifying them into separate listed entities. Having successfully built unicorns like Adani Ports & SEZ, Adani Transmission, Adani Power, Adani Green Energy, Adani Total Gas and Adani Wilmar, the company has contributed significantly towards making the country self-reliant with our portfolio of strong businesses.

The next generation of its strategic business investments are centered around green hydrogen ecosystem, airport management, roads, data centers and water infrastructure, with significant scope for unlocking value. This has resulted in strong returns to our shareholders. Rupee. 150 investments in Adani Enterprises, which was the group’s first IPO in 1994, has grown to Rs 900,000+.



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