The Adani Group has reported its highest-ever trailing twelve-month EBITDA of Rs 90,572 crore, driven by robust growth in its core infrastructure and clean energy businesses. For the period July 2024 to June 2025, the conglomerate posted an EBITDA of Rs 90,572 crore, compared to Rs 85,502 crore in the trailing twelve months ending June 2024. The group’s airports segment, along with its utility, transport, and incubating infrastructure businesses, contributed nearly 87% of the total EBITDA.
Adani Green Energy, Adani Energy Solutions, Adani Ports & SEZ, and Ambuja Cements continued to deliver double-digit EBITDA growth, offsetting a dip in the coal trading business of flagship Adani Enterprises Ltd (AEL). The strong performance was led by sustained growth in incubating businesses, including airports, renewable energy, and electricity transmission. The group’s EBITDA expansion provides strong support for its planned annual capital expenditure of Rs 1.5 lakh crore to Rs 1.6 lakh crore.
The Adani Group’s portfolio-level leverage remains one of the lowest globally, with a net debt to EBITDA ratio of 2.6 times. The group maintains high liquidity of Rs 53,843 crore in cash, with a fund flow from operations of Rs 66,527 crore as of March 31, 2025. The asset base stood at Rs 6.1 lakh crore, with an addition of Rs 1.26 lakh crore in FY25. Emerging infrastructure verticals, including airports, solar and wind manufacturing, and roads, crossed the Rs 10,000 crore EBITDA milestone for the first time.
The record quarterly EBITDA of Rs 23,793 crore in the April-June quarter was driven by the group’s core businesses, including Adani Enterprises, which contributed nearly 87% of the total. The group’s strong performance is expected to continue, driven by its focus on infrastructure and clean energy. With a planned annual capital expenditure of Rs 1.5 lakh crore to Rs 1.6 lakh crore, the Adani Group is well-positioned for future growth. The group’s low leverage and high liquidity provide a strong foundation for its expansion plans, making it one of the leading players in the infrastructure and energy sectors.