Adani Group portfolio companies post record ₹90,000 crore EBITDA and ₹40,565 crore PAT in FY25

Adani Group's portfolio companies have posted their highest-ever earnings before interest, taxes, depreciation, and amortisation (EBITDA) of nearly ₹90,000 crore and a record Profit After tax (PAT) of ₹40,565 crore in FY25, the conglomerate said today.

EBITDA grew by 8.2% from ₹82,976 crore in FY24 to ₹89,806 crore in FY25, with a 6-year (FY19-FY25) compounded annual growth rate (CAGR) of 24%. PAT for FY25 is at ₹40,565 crore,  with a six-year CAGR of 48.5%. Gross Assets have increased to ₹609,133 lakh crore, with a 6-year CAGR of over 25%, said a press release.

"A key highlight of FY25 is the continued industry-beating Return on Assets of 16.5%, which is amongst the highest in any infrastructure business globally,” said Jugeshinder ‘Robbie’ Singh, GCFO, Adani Group.

About 82% of the EBITDA is contributed by the highly stable ‘Core Infrastructure’s platform, lending a high level of stability and visibility for the group, he said. Adani’s ‘Core Infrastructure’ platform comprises Utility (Adani Green Energy, Adani Power, Adani Energy Solutions, and Adani Total Gas), Transport (Adani Ports & SEZ), and AEL’s incubating Infrastructure businesses. Cash After Tax (CAT) or Fund Flow from Operations (FFO) increased to ₹66,527 crore, up 13.6%, driven by strong operating leverage across businesses.

Higher cashflows helped record asset addition of ₹1.26 lakh crore ($14.7 billion)—the highest in the history of Adani Portfolio, taking the total Gross Assets to ₹6.1 lakh crore. Three-fourths of this was added in the past six years. Prudent capital allocation, complemented by strong execution, has helped Adani Portfolio consistently achieve industry-leading Return on Asset (ROA) of over 15% in each of the past six years. ROA for FY25 was 16.5%, one of the highest globally in the infrastructure sector. . As on 31 March 2025, Adani Portfolio had a cash balance of ₹53,843 crore, representing 18.5% of Gross Debt, sufficient to cover 21 months of debt servicing requirements, said the release.

Commenting on the performance of Adani Enterprises, the Group said ANIL solar module sale increased 59% YoY to 4263 MW and has started expansion of the TopCon module and cell line for an additional capacity of 6 gigawatt (GW).  Passenger movements across Adani Airports rose by 7% YoY to 94.4 million, and cargo movements were up by 8% YoY to 1.09 MMT (metric million tonnes). Its road business constructed the highest ever 2,410.1 Lane-KMs and 7 out of 8 under-construction projects are now 70% complete. the 500 KTPA Copper smelter at Mundra is now operational and will be fully ramped up in the coming months.

Commenting on the performance of other Group companies, the release said Adani Green Energy's operational capacity increased by 30% YoY to 14,243 MW (megawatt) with the addition of 2,710 MW solar and 599 MW wind power plants. Adani Energy Solutions' transmission order book increased 3.5x to ₹59,936 crore from ₹17,000 crore a year ago. Adani Ports & SEZ's volumes increased 7% YoY to 450 MMT, driven by strong growth in the container volume, up 20%. The Vizhinjam International port crossed the 100,000 TEUs milestone in March 2025, just four months after becoming operational. Ambuja Cements has now crossed 100 MTPA capacity—an increase of 21 MTPA since FY24 end.