Did Adani Portfolio Achieve a Record EBITDA of Rs 89,806 Crore in FY25 with ROA at a Stunning 16.5%?
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Synopsis
The Adani Portfolio has reported unprecedented financial results for FY25, achieving an all-time high EBITDA of Rs 89,806 crore. This remarkable growth showcases the company's robust asset management and operational efficiency, underscoring its position in the industry.
Key Takeaways
- EBITDA reached a record Rs 89,806 crore in FY25.
- Profit after tax (PAT) hit an all-time high of Rs 40,565 crore.
- Return on Assets (RoA) stood at a remarkable 16.5%.
- Record capex of Rs 126,000 crore was achieved.
- Strong cash flows supported substantial asset additions.
New Delhi, May 22 (NationPress) The Adani Portfolio of companies announced a remarkable fiscal achievement for FY25, with EBITDA reaching a historic high of Rs 89,806 crore ($10.5 billion), marking an increase of 8.2% year-on-year.
When excluding non-recurring previous items, the growth is even more impressive at 18% year-on-year. Furthermore, profit after tax (PAT) surged to an unprecedented Rs 40,565 crore.
The gross assets soared to Rs 609,133 lakh crore, with a six-year (FY19-FY25) CAGR of over 25%, as the Adani Portfolio reported an extraordinary capex of Rs 126,000 crore ($14.7 billion).
Jugeshinder 'Robbie' Singh, GCFO of Adani Group, remarked, "A significant highlight of FY25 is the sustained industry-leading Return on Assets (RoA) of 16.5%, which ranks among the highest in the global infrastructure sector, demonstrating the robust asset base and execution capabilities of the Adani Portfolio in delivering top-tier assets across various sub-sectors."
Moreover, the company has initiated several governance and ESG-related measures, including the release of a Tax Transparency report by all portfolio companies, alongside other initiatives from past years, culminating in industry-leading ESG scores recognized by international rating agencies.
Cash after tax (CAT) or Fund Flow from Operations (FFO) grew to Rs 66,527 crore ($7.8 billion), up 13.6%, fueled by strong operational leverage throughout the businesses.
As per the company, enhanced cash flows supported a record asset addition of Rs 1.26 lakh crore—the highest in the history of the Adani Portfolio—bringing total gross assets to Rs 6.1 lakh crore ($71.2 billion). Notably, three-fourths of this was added in the last six years.
The significant profit growth has led to a marked reduction in the leverage of portfolio companies, with the portfolio-level net debt to EBITDA declining from 3.8 times in FY19 to just 2.6 times now.
Strong financial performance across sectors has resulted in consistent improvements in ratings, achieving key milestones in FY25.
Currently, nearly 90% of EBITDA is generated from assets with domestic ratings of 'AA' and above, compared to 63% and 48% two and six years ago, respectively.
Consequently, the cost of debt for FY25 was 7.9%, down from 9% in FY24 and 10.3% in FY19.
As of March 31, 2025, Adani Portfolio maintained a cash balance of Rs 53,843 crore, accounting for 18.5% of gross debt, which is sufficient to comfortably cover 21 months of debt servicing, exceeding the stated policy of 12 months+1 day.
Point of View
It’s imperative to recognize the Adani Portfolio’s remarkable financial growth while also considering the broader implications in the infrastructure sector. Their achievements reflect both resilience and strategic planning, positioning them as a formidable player in the market. The focus on governance and ESG initiatives also highlights a commitment to sustainable practices, crucial for future growth.
NationPress
21/07/2025
Frequently Asked Questions
What is the EBITDA of Adani Portfolio for FY25?
The EBITDA of the Adani Portfolio for FY25 reached an all-time high of Rs 89,806 crore ($10.5 billion).
How much did the profit after tax (PAT) increase?
The profit after tax (PAT) rose to an unprecedented Rs 40,565 crore.
What is the Return on Assets (RoA) for FY25?
The Return on Assets (RoA) for FY25 was recorded at 16.5%, one of the highest in the infrastructure sector globally.
What initiatives has the Adani Portfolio undertaken regarding governance?
The Adani Portfolio has introduced various initiatives, including releasing a Tax Transparency report, and has achieved industry-best ESG scores.
What was the cost of debt for FY25?
The cost of debt for FY25 was 7.9%, a decrease from 9% in FY24.
