Gautam Adani, Chairman of Adani Group, who also celebrated his birthday today addressed shareholders at the company's Annual General Meeting (AGM) today, asserting that India is not merely at the crossroads of destiny, but on the brink of its greatest growth phase. Adani emphasized the Group's alignment with India's ambitious growth plans, highlighting their financial triumphs, operational milestones, and strategic vision.
Financial Triumphs in the Last Year
The Adani Group reported significant financial achievements for the fiscal year 2023-24, showcasing its robust operational capabilities and strategic foresight:
- EBITDA: Achieved a record-breaking ₹ 82,917 crore, marking a 45% increase.
- Profit After Tax (PAT): Soared to ₹ 40,129 crore, reflecting a 71% growth.
- Debt Management: Successfully reduced the net debt to EBITDA ratio from 3.3x to 2.2x.
- Liquidity: Boasted a cash balance of ₹ 59,791 crore, securing ample resources for future expansions and investments.
These achievements underscore the Group's strong financial health and ability to leverage growth opportunities.
Operational Highlights
Across its diversified portfolio, the Adani Group demonstrated operational excellence:
- Adani Ports & SEZ: Handled a record-breaking 420 MMT of cargo, surpassing previous benchmarks and solidifying its position as India's premier ports and logistics provider.
- Adani Green Energy: Expanded renewable energy capacity aggressively, aiming to achieve 50 GW by FY 2029-30, with the world's largest renewable energy installation at Khavda leading the charge.
- Adani Power: Increased operating capacity to 15,250 MW, including a landmark ultra-supercritical thermal power plant at Godda, the first to export all its power to a neighboring nation.
- Adani Total Gas: Expanded infrastructure significantly, with over 900 CNG stations and a growing network of PNG connections, enhancing access to clean energy solutions nationwide.
These operational milestones reflect the Group's commitment to sustainable and strategic growth.
Strategic Vision
Looking ahead, Gautam Adani emphasized the Group's strategic alignment with India's ambitious growth trajectory. With the government's increased focus on infrastructure development and a projected CAGR of 20-25% in infrastructure spending, the Adani Group stands poised to capitalize on upcoming opportunities.
Adani articulated a vision where the Adani Group continues to play a pivotal role in India's growth story, leveraging its diversified portfolio to drive national progress. The Group’s focus on infrastructure, renewable energy, and technological advancements aligns seamlessly with India's long-term development goals, setting the stage for unprecedented growth and prosperity.
Inputs by Agencies
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