Adani Enterprises Consolidated EBIDTA rose 54% to Rs 3,041 crore for Q2FY15


Editor’s Synopsis

  • Consolidated Total Income for Q2FY15 increased by 3% to Rs 14,067 crore vs Rs 13,602 crore in Q2FY14
  • Consolidated EBIDTA for Q2FY15 increased by 54% to Rs 3,041 crore vs Rs 1,983 crore in Q2FY14
  • Consolidated PAT for Q2FY15 at Rs 210 crore 
  • Consolidated Total Income for H1FY15 increase by 22% at Rs 30,591 crore vs Rs 25,149 crore in H1FY14
  • Consolidated EBIDTA for H1FY15 increase by 58% at Rs 6,316 crore vs Rs 4,000 crore in H1FY14
  • Consolidated PAT for H1FY15 at Rs 767 crore
  • In H1FY15, Coal trading volume grew by 35% to 27 MMT compared to H1FY14. Similarly, coal trading volume grew to 11.5 MMT in Q2FY15 as compared to 10.96 in Q2FY14.
  • In H1FY15, Ports cargo volume grew 26% to 69.01 MMT compared to H1FY14. Similarly, Ports cargo volume grew by 25% to 35.2 MMT in Q2FY15 compare to 28.1 in Q2FY14.
  • In H1FY15, Power sales volume grew by 39% to 24 BUs compared to H1FY14. Similarly, power sales volume grew by 16% to 10.5 BUs in Q2FY15 compared to 9.1 BUs in Q2FY14.

Ahmedabad, November 12, 2014: Adani Enterprises Ltd, the flagship company of the Adani Group, today announced its results for the second quarter ended September 30, 2014.


Financial Highlights:


The consolidated Total Income for quarter increased by 3% to Rs 14,067 crore against Rs 13,602 crore in the corresponding period last year. The consolidated EBIDTA increased by 53% to Rs 3,041 crore against Rs 1,983 crore in the corresponding period last year. The consolidated PAT for Q2FY15 is Rs 210 crore.


The consolidated Total Income for half year ended September 30, 2014 increased by 22% to Rs 30,591 crore against Rs 25,149 crore in the corresponding period last year. The consolidated EBIDTA increased by 58% to Rs 6,316 crore against Rs 4,000 crore in the corresponding period last year. The consolidated PAT for H1FY15 is Rs 767 crore.


Commenting on the results, Mr Gautam Adani, Chairman Adani Group, said, “The policy measures announced by the new Government to address the structural issues impacting infrastructure and energy sectors will revive investment in the sectors. We remain committed to our investment programme across Resources, Logistics and Energy verticals to cater to the increasing demand in the Country.”


Mr Ameet Desai, Group Chief Financial Officer, Adani Group, said, “Our results are testimony of the intrinsic strength of our integrated business model with substantial contribution from Coal trading, Ports & Logistics and Power businesses. With the measures for easing financing to the infrastructure projects coupled with enhanced operational efficiencies, we expect further boost to our financial performance.”


Business Highlights:



1. Ports

Mundra Port as the top commercial port in India handled 55.4 MMT cargo with 15% growth in the H1FY15 compared to a growth of 4% for cargo at all other ports.

It has handled 1.35 million TEUs in H1FY15 as against 1.04 million TEUs in the corresponding period last year with 29% growth as compared to growth by 6% for container volume at all other ports.

Mundra Port continued to handle highest Coal volume 21.2 MMT during H1FY15 (Paradip Port 17.95 MMT).

The port at Dahej and Hazira handled a cargo of 6.12 MMT and 3.05 MMT in H1FY15 thereon showing growth of 30% and 65% respectively.

The project execution of Tuna Tekra Bulk Terminal at Kandla and Ennore Container Terminal are progressing well.


2. Power Generation & Transmission

Adani Power result reflects higher volume of power generation and improved operational efficiencies. It has achieved thermal power generation capacity of 9,240 MW.


In order to consolidate transmission line business across the group under one entity, the meeting of Board of Directors has approved the proposal to divest the company’s holding of 70.75 crores equity shares in Maharashtra Eastern Grid Power Transmission Co. Ltd (MEGPTCL) to Adani Transmission Ltd., a wholly owned subsidiary of Adani Enterprises Ltd. at a price to be determined on the basis of independent valuation report subject to requisite approvals, if any.


3.     Coal Mining


Our MDO (Mine Development and Operations) contracts are in respect of mines allocated to state utilities i.e. Government companies. The ordinance has carved out special provision for allotment of the cancelled coal blocks to Government companies without going through public auction.


Our MDO contract for Kente Ext. is not affected by Honorable SC order since it was allocated to RRUVNL under new auction by competitive bidding of Coal Mines Rules 2012.


The State and Federal Government approved environmental impact statement for the North Galilee Basin Rail (NGBR) Project in Queensland, Australia. The project execution is progressing as per the schedule.

© 2018 Adani Group