Q1 2025 Adani Enterprises Ltd Earnings Call Transcript
Key Points
- Adani Enterprises Ltd (BOM:512599) achieved its highest ever quarterly EBITDA of INR4,300 crores, marking a 48% growth.
- The incubating business portfolio contributed significantly to the overall EBITDA, with a 107% increase to INR2,667 crores.
- The green hydrogen ecosystem revenue increased by 138% to INR4,519 crores, with EBITDA growing 3.6 times to INR1,642 crores.
- Airport business revenue grew by 27% to INR2,177 crores, with EBITDA increasing by 33% to INR682 crores.
- The company has successfully operated its solar manufacturing business at full capacity of 4 gigawatts for both cell and module lines.
- The net debt position increased to INR36,000 crores as of June, up from INR32,000 crores in March.
- The company is still in the process of stabilizing operations for its ingot and wafer production, with full production expected by the next quarter.
- The commercial mining projects are still under various stages of development, with no immediate production timeline provided.
- The company has not yet provided a detailed aero and non-aero revenue split for its airport operations.
- The coal-to-PVC project is still under construction, with full operations expected only by FY26 end.
Ladies and gentlemen, good day, and welcome to the Q1 FY25 Results Conference Call of Adani Enterprises Limited, hosted by Emkay Global Financial Services. (Operator Instructions) Please note that this conference is being recorded.
I would now like to hand the conference to Mr. Sabri Hazarika from Emkay Global Financial Services. Thank you, and over to you, sir.
Yes. Thanks, Sidharth. So good evening, everyone. On behalf of Emkay Global Financial Services Limited, I welcome you all to the Q1 FY25 post earnings conference call of Adani Enterprises Limited.
We are pleased to have the senior management of the company, led by Mr. Vinay Prakash, Director Adani Enterprises and CEO, Natural Resources; Mr. Robbie Singh, CFO Adani Enterprises Limited; Mr. Saurabh Shah, Deputy CFO, Adani Enterprises Limited; and Mr. Manan Vakharia from the Investor Relations team. So today's session would be a brief on the company's results, and that will be followed by the question-and-answer round.
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