Media Release – Adani Enterprises Ltd Q1 FY24 Results

Consolidated EBIDTA increased by 47% to Rs. 2,896 cr Attributable PAT increased by 44% to Rs. 674 cr ANIL – green Hydrogen ecosystem now at over 10% of EBITDA  EDITOR’S SYNOPSIS  Financial Highlights Q1 FY24 (Consolidated) (YoY Basis): Total Income stood at 25,810 cr EBIDTA increased by 47% to 2,896 cr Attributable PAT increased by […]

Consolidated EBIDTA increased by 47% to Rs. 2,896 cr Attributable PAT increased by 44% to Rs. 674 cr

ANIL – green Hydrogen ecosystem now at over 10% of EBITDA 


Financial Highlights Q1 FY24 (Consolidated) (YoY Basis):

Business Highlights: 

Business Highlights
ANIL Ecosystem ·         Solar Manufacturing

§  Total Module capacity at 4.0 GW

·         Wind Manufacturing

§  Provisional certificate received for Prototype I

§  Nacelle facility operational

§  Blade mfg. facility ready for commercial production

· Ingot & Wafer Manufacturing

§  Financial closure secured for Rs. 900 cr


Data Center

· AdaniConneX Seals the Largest Data Center Financing Deal in

India with a USD 213 Mn Construction Financing Facility

·   Adani Data center business won the “South Asian Company of the Year Award 2023” for delivering data center infrastructure and operational excellence

AAHL – Airports ·  Adani Airports achieves 44% energy consumption from

Renewable Energy sources

ARTL – Roads ·Adani Road Transport team won “Energy Conservation Award

Gold Category“ in Road Construction



Operational Highlights (YoY Basis):
  Business Q1 FY24  
ANIL Ecosystem –    Modules volume up by 87% to 614 MW
AAHL – Airports –    Pax movements up by 27% to 21.3 Mn from seven

operational airports

ARTL – Roads –          Construction of 79.8 Lane-KM during the quarter

–          3 out of 10 projects are more than 50% completed

Primary Industries IRM –    Volume stood at 17.8 MMT


Ahmedabad, August 3, 2023: Adani Enterprises Ltd (AEL), part of the Adani Group, today announced its results for the quarter ended June 30, 2023


“Every quarter, year after year and across three decades, Adani Enterprises has consistently proven its reputation not only as India’s most successful business incubator but also as a global powerhouse in infrastructure development,” said Mr Gautam Adani, Chairman of the Adani Group. “These results are a validation of the Adani Group’s robust operational and financial achievements. These outcomes, led by our incubating business of Adani Airports, Adani New Industries, Data Center and Adani Roads, not only underscore our history of creating and nurturing new and vital infrastructure businesses but also emphasise the future value and growth potential of the diverse Adani portfolio. Our expertise in executing large-scale projects, like Kutch Copper, Navi Mumbai Airport, the certification of India’s first 5 MW onshore wind turbine, coupled with our world-class O&M capabilities are fundamental drivers that continue to accelerate our infrastructure journey that is poised to play a significant role in meeting the aspirations of largest emerging middle class cohort in the world. As we explore strategic expansion and growth, we remain committed to upholding the highest standards of governance, compliance and performance.”

Financial Highlights Q1 FY24 (Consolidated) (YoY Basis):

Business Updates (Q1 FY24):

Updates in Incubating Businesses for Q1 FY24

1.              AdaniConnex Pvt Ltd (ACX – Data Center)

Data Center Completion %
Chennai Phase-II (Phase-I 17 MW operational) 74%
Noida 51%
Hyderabad 46%

2. Adani Airports Holdings Ltd (AAHL – Airports)

3. Adani Road Transport Ltd (ARTL – Roads)

Project State Model Completion


Vijayawada Bypass Andhra Pradesh HAM 55%
Nanasa Pidgaon Madhya Pradesh HAM 58%
Kodad Khammam Telangana HAM 56%
Azhiyur Vengalam Kerala HAM 35%
Badakumari Karki Odisha HAM 39%
Panagarh Palsit West Bengal BOT 47%
Kagal Satara Maharashtra BOT 10%
Ganga Expressway – Budaun Hardoi Uttar Pradesh BOT 22%
Ganga Expressway – Hardoi Unnao Uttar Pradesh BOT 15%
Ganga Expressway – Unnao Prayagraj Uttar Pradesh BOT 15%

Updates on Established Businesses for Q1 FY24 

1.             Adani New Industries Ecosystem 

Solar manufacturing

Wind Turbine manufacturing

Ingot & Wafer manufacturing

2.  Primary Industries 

About Adani Enterprises Ltd 

Adani Enterprises Limited (AEL) is the flagship company of Adani Group, one of India’s largest business organisations. Over the years, Adani Enterprises has focused on building emerging infrastructure businesses, contributing to nation-building and divesting them into separate listed entities. Having successfully built unicorns like Adani Ports & SEZ, Adani Energy Solutions, Adani Power, Adani Green Energy, Adani Total Gas and Adani Wilmar, the company has contributed significantly to make the country self-reliant with our portfolio of robust businesses. This has also led to significant returns to our shareholders over 28+ years.

The next generation of its strategic business investments are centered around green hydrogen ecosystem, airport management, data center, roads and primary industry like copper and petrochem all of which have significant scope for value unlocking.

For more information, please visit www.adanienterprises.com

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