Last Updated on November 6, 2023 by BFSLTeam BFSLTeam
Adani Enterprises Limited (AEL) serves as the flagship company within the Adani Group, a prominent business conglomerate in India. Let’s get an overlook of Adani Enterprises Q2 Results below.
Table of Content
- 1 Financial Highlights H1 FY24 (Consolidated) (YoY Basis):
- 2 Financial Highlights Q2 FY24 (Consolidated) (YoY Basis):
- 3 Quarterly Business Updates (YoY):
- 4 AEL: Adani Airports Holdings Ltd (AAHL – Airports) Highlights
- 5 Wind Power Innovations and Achievements:
- 6 AEL: Operational Performance – Incubating Businesses
- 7 About Adani Enterprises Limited
Financial Highlights H1 FY24 (Consolidated) (YoY Basis):
- EBITDA increased by 43% to Rs. 5,874 Cr.
- Cash Accruals increased by 48% to Rs. 2,733 Cr.
- Incubating assets backed EBITDA increased by 111% to Rs. 2,825 Cr.
- Incubating assets backed businesses PBT increased by 22x to Rs. 1,210 Cr.
Additional Read: Q2 Results Dashboard
Financial Highlights Q2 FY24 (Consolidated) (YoY Basis):
- EBITDA increased by 39% to Rs. 2,979 Cr, driven by strong incubating businesses.
- Cash Accruals increased by 26% to Rs. 1,242 Cr.
Quarterly Business Updates (YoY):
Adani New Industries Ecosystem
Solar Manufacturing:
- Total operational capacity at 4.0 GW.
- Module sales increased by 205% to 630 MW.
- India’s first wafer produced.
Wind Turbine Manufacturing:
- Received Final type certificate for Prototype 1.
- Enlisted in RLMM & Started Commercial operations.
- Commissioned Prototype 2.
- Nacelle & Hub Facility – Commenced Commercial production.
AdaniConnex Pvt Ltd (ACX – Data Center)
Project Progress:
- Chennai Phase-I: 17 MW – 63% completion
- Noida: 50 MW – 63% completion
- Hyderabad: 48 MW – 65% completion
Orderbook:
- 111+ MW secured from Hyperscale & Enterprise customers
Adani Water Ltd (AWL – Water)
Milestone Achievement:
- Received the Commercial Operation Date certificate for the Prayagraj water project
Adani Airports Holdings Ltd (AAHL – Airports)
Airport Operations:
- Operates at seven airports
Passenger Movements:
- Passenger numbers increased by 31% to 21.4 million
Air Traffic Movements:
- Air Traffic Movements increased by 17% to 148.2 thousand
Cargo Handling:
- Cargo handled amounted to 190,000 metric tons (1.9 Lakhs MT)
Additional Read: Adani Enterprises Share Price
AEL: Adani Airports Holdings Ltd (AAHL – Airports) Highlights
Mumbai Airport:
- Achieved Level 4 customer experience accreditation from ACI, making it the first in India and third in the world to do so.
- Received the ‘Excellent Energy Efficient Unit’ award from CII.
- Inaugurated and made operational the PESC Phase 2 expansion.
Ahmedabad Airport:
- Inaugurated a new Arrival & Departure Immigration block in T2.
- Received a Gold award under the Facility Category in the Airport Sector.
Jaipur Airport:
- Operationalised a Domestic Cargo Terminal.
- Received the prestigious silver award at SEEM awards for commitment to energy efficiency and sustainability.
Q2-24 Highlights:
- Introduction of two international airlines and nine international routes, enhancing connectivity and services.
Additional Read: Adani Ports Share Price
Wind Power Innovations and Achievements:
- Working Prototype 1 (LM Wind Power Blades): Secured the Final Type Certificate in September 2023 and joined RLMM while commencing commercial operations.
- Working Prototype 2 (MWL blades): Successfully commissioned in August 2023, with measurements currently underway for RLMM listing.
- Nacelle & Hub Facility: Began commercial production in August 2023.
- Exhibition in the USA: Wind manufacturing division proudly made its debut at the RE+ Event in the USA.
- Global Recognition: Earned certification from Wind Guard, a significant milestone enabling the commencement of production for the global market.
AEL: Operational Performance – Incubating Businesses
| Parameters | Q2-23 | Q2-24 | % Change |
| Module Sales | 206 | 630 | 205% ↑ |
| Parameters | Q2-23 | Q2-24 | % Change |
| Pax Movement (Mn) | 16.3 | 21.4 | 31 % ↑ |
| ATM (‘000) | 126.9 | 148.2 | 17% ↑ |
| Cargo (Lacs MT) | 2.0 | 1.9 | (5%) |
| Parameters | Q2-23 | Q2-24 | % Change |
| Construction of Roads (L-KMs) | 86.1 | 12.5 | (85%) # |
About Adani Enterprises Limited
Adani Enterprises Limited (AEL) serves as the flagship company within the Adani Group, a prominent business conglomerate in India. Over time, Adani Enterprises has dedicated its efforts to the development of emerging infrastructure businesses, with a focus on contributing to the nation’s growth, and subsequently, divesting them into separate listed entities. Notably, the company has achieved the successful establishment of notable ventures, such as Adani Ports & SEZ, Adani Energy Solutions, Adani Power, Adani Green Energy, Adani Total Gas, and Adani Wilmar, making significant contributions to bolstering the country’s self-reliance with a diverse portfolio of robust businesses. These endeavours have also translated into substantial returns for shareholders over a span of three decades. Looking ahead, the next generation of strategic business investments is oriented towards the green hydrogen ecosystem, airport management, data centres, road infrastructure, and key industries like copper and petrochemicals, all of which hold significant potential for value creation.
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Source – https://www.bseindia.com/xml-data/corpfiling/AttachLive/86209d89-24a4-4662-9d3f-1075a83b8f67.pdf&ved=2ahUKEwi7ysm1_aaCAxWfTWwGHdMCCaEQFnoECAgQAQ&usg=AOvVaw3ycbPq68b-cxbGxH4Nji9v
