The Adani Portfolio of companies on Thursday reported a landmark fiscal result for FY25, as EBITDA scaled to an all-time high of Rs 89,806 crore ($10.5 billion), up 8.2 per cent year-on-year.
Excluding non-recurring prior period items, the growth stands even higher at 18 per cent (on-year). Meanwhile, profit after tax (PAT) rose to an all-time high of Rs 40,565 crore.
Gross assets increased to Rs 609,133 lakh crore at a six-year (FY19-FY25) CAGR of over 25 per cent, as the Adani Portfolio registered record capex of Rs 126,000 crore ($14.7 billion).
"A key highlight of FY25 is the continued industry-beating Return on Assets (RoA) of 16.5 per cent, which is among the highest in any infrastructure business globally, underpinning the attractive asset base and the execution capabilities of the Adani Portfolio to continuously churn out the best quality assets across sub sectors," said Jugeshinder 'Robbie' Singh, GCFO, Adani Group.
"Additionally, we have undertaken various initiatives related to governance and ESG, viz. Tax Transparency report released by all portfolio companies, in addition to all the other initiatives introduced over the past years, resulting in industry-best ESG scores and performance by international ESG rating agencies," he added.
Cash after tax (CAT) or Fund Flow from Operations (FFO) increased to Rs 66,527 crore ($7.8 billion), up 13.6 per cent, driven by strong operating leverage across businesses.
According to the company, higher cash flows helped record asset addition of Rs 1.26 lakh crore -- the highest in the history of Adani Portfolio, taking the total gross assets to Rs 6.1 lakh crore ($71.2 billion). Three-fourths of this was added in the past six years.
High growth in profits has led to a sharp reduction in the leverage of portfolio companies - portfolio-level net debt to EBITDA has reduced from 3.8 times in FY19 to as low as 2.6 times now.
Robust financial performance across businesses resulted in consistent ratings improvement with milestone achievement in FY25.
Nearly 90 per cent of EBITDA is now generated from assets with domestic ratings of 'AA' and above, as compared to 63 per cent and 48 per cent two and six years ago, respectively.
As a result, the cost of debt for FY25 was 7.9 per cent against 9 per cent in FY24 and 10.3 per cent in FY19.
According to the company, Adani Portfolio had a cash balance of Rs 53,843 crore (As on 31 March 2025), representing 18.5 per cent of gross debt and "is sufficient to cover 21 months of debt servicing requirements comfortably above our stated 12 months+1 day of debt servicing policy".
16 B’desh nationals, five Indians held in Tripura for illegally border crossing
Border Security Force (BSF) and Tripura Police have arrested 16 Bangladesh nationals and five Indians from different places of the state for illegally crossing the India-Bangladesh border, officials said on Thursday.
Ready to deport large number of illegal Bangladeshi immigrants in India: MEA
India on Thursday urged Bangladesh to expedite the nationality verification process to facilitate the deportation of a large number of illegal Bangladeshi immigrants in India who are required to be sent back.
Kiru hydropower corruption case: CBI files charge sheet against Satya Pal Malik
The Central Bureau of Investigation (CBI) on Thursday filed a charge sheet against former Jammu and Kashmir Governor Satya Pal Malik and five others in the Kiru hydroelectric power project kickbacks case.
Indus Treaty will remain in abeyance until Pakistan abjures support for cross-border terrorism: MEA
India on Thursday reiterated that any India-Pakistan engagement has to be bilateral, at the same time making it clear once again that the Indus Waters Treaty (IWT) will remain in abeyance until Pakistan "credibly and irrevocably abjures" its support for cross-border terrorism.
From foiling air attacks to crushing terror bases, Agniveers played crucial role in Operation Sindoor
The Agniveers of the Indian Army demonstrated exceptional courage and professionalism during Operation Sindoor, playing a pivotal role in India’s offensive and defensive actions following the Pahalgam terror attack.
Soldier killed, two injured in ongoing gunfight in J&K's Kishtwar
Joint forces, including 2 Para, 11 Rashtriya Rifles, 7 Assam Rifles, and the Special Operations Group (SOG) of J&K Police, started the operation against Jaish-e-Mohammad (JeM) terrorists, reportedly three to four in number, in the Singhpora Chatroo area in the morning.
Op Sindoor Outreach: Indian delegation meets UAE leaders, discusses shared resolve to combat terrorism
The all-party delegation led by Shiv Sena MP Shrikant Shinde on Thursday held meetings with leaders of the United Arab Emirates (UAE) in Abu Dhabi, reiterating India's strong stance against terrorism.
Terrorism cannot be justified for any reason, says Japanese Foreign Minister in meeting with Indian delegation
Japan, which shares a 'Special Strategic and Global Partnership' with India on Thursday condemned in the strongest terms the growing threat of terrorism as the country hosted a visiting delegation of Indian Parliamentarians led by Rajya Sabha MP Sanjay Kumar Jha.