Adani Group Registers Record-Breaking Performance In 2022-23
NDTV
Adani Group said it recorded its highest-ever EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) group portfolio level of Rs 57,219 crore, achieving a 36 percent growth over the previous financial year.
Adani Group on Tuesday said it has delivered a record-breaking performance across its portfolio of companies in Fiscal Year 2023.
The conglomerate said it recorded its highest-ever EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) group portfolio level of Rs 57,219 crore, achieving a 36 percent growth over the previous financial year.
Run-rate EBITDA, which considers the annualization of EBITDA from projects that are commissioned during the year, the number is as high as Rs 66,566 crore, said the company statement.
"Adani Portfolio companies operate in utility and infrastructure businesses with more than 83 per cent of EBITDA being generated from core infrastructure businesses providing assured and consistent cash flow generation. The platform has a strong asset base which has been built over three decades that supports the resilient critical infrastructure and guarantees best-in-class asset performance over the entire life cycle," said the Compendium.
