According to a company note, the embattled Adani group plans to increase pre-tax earnings by 20% annually to reach ₹ 90,000 crore EBITDA in two to three years on the strength of strong growth in industries like energy and airports.
The business paid back loans totalling $2.65 billion earlier this month to finish a prepayment scheme to reduce overall leverage in an effort to regain investor trust after a devastating report about a US short seller.
According to the ports-to-energy conglomerate, several of Adani’s new infrastructure investments will also start to bear fruit and start to generate revenue in the upcoming years. These sectors include airports, cement, renewables, solar panels, transportation and logistics, and power and transmission.
In the upcoming years, Adani anticipates a consolidated increase in EBITDA of more than 20% as it pursues strong and sustainable growth throughout its business portfolio. The letter stated that it expects to reach its goal EBITDA of over ₹ 90,000 crore by FY23.
The group has recently invested a big amount in ports and finished sizable projects in renewable energy, transportation, and ports.
Businesses in the aviation and renewable energy sectors are also showing stronger cash flows. Its strong asset base, constructed over three decades, assures outstanding asset performance throughout their lifespans and supports robust vital infrastructure.
In FY23 (April 2022 to March 2023 fiscal), the group’s listed portfolio EBITDA climbed 36% year over year to ₹ 57,219 crore. Energy, transportation, logistics, and the flagship infrastructure ventures of Adani Enterprise Ltd. are among the core infrastructure companies that make up 82.8% of the portfolio. These businesses saw a strong 23% year-over-year growth in EBITDA to ₹ 47,386 crore.
