Adani Enterprises Consolidated EBIDTA rose 62%


Editor’s Synopsis

  • Consolidated Total Income for Q1FY15 increased by 43% to Rs 16,524 crore vs Rs.11,547 crore in Q1FY14
  • Consolidated EBIDTA for Q1FY15 increased by 62% to Rs 3,275 crore vs Rs 2,017 crore in Q1FY14
  • Consolidated PAT for Q1FY15 stood at Rs 557 crore vs losses of Rs 278 crore
  • Achieved Robust Volumes in Q1:
    • 15.5 MMT in Coal Trading
    • 33.8 MMT of Port cargo handled
    • 13.4 bn Power units sold
  • Adani Group Carmichael Coal Mine & Rail project in Australia received final environment approval from Federal Government
  • Mundra Port continues to be No. 1 Commercial Port of India having handled 28.86 MMT of Cargo in Q1FY15
  • Adani Ports completed acquisition of Dhamra Port at an Enterprise Value of Rs 5,500 crore. Clearances in place and award of work is in advanced stage
  • Adani Ports signed 50:50 JV agreement with CMA CGM, the world’s 3rd largest container shipping line, to develop and operate a new 1.4 million TEU Container
  • Terminal at Mundra to make it India’s largest container port with a total capacity of 5.5 million TEUs Received favorable interim orders from Rajasthan Electricity Regulatory Commission (RERC) for compensatory tariff over and above PPA tariff

Ahmedabad, August 9, 2014: Adani Enterprises Ltd, the flagship company of the Adani Group, today announced its results for the first quarter ended June 30, 2014.


Financial Highlights:


The consolidated Total Income for quarter increased by 43% to Rs 16,524 crore against Rs 11,547 crore in the same period last year. The consolidated EBIDTA increased by 62% to Rs 3,275 crore against Rs 2,017 crore in the same period last year. The consolidated PAT is Rs 557 crore.


Our coal trading, ports and power businesses continue its robust performance, however, recognition of compensatory tariff and higher volume of units sold in power business have resulted in improvement of overall performance.


Commenting on the results, Mr Gautam Adani, Chairman Adani Group, said, “Our improved performance has set the direction of growth as we see greater contribution from completed projects in our ports, power and mining verticals. With renewed efforts from new Government to address the concerns of fuel availability, rail infrastructure, transmission constraints, project approvals and debottlenecking of mining sector, we see greater growth opportunities in the sectors we operate.”

Mr Ameet Desai, Group Chief Financial Officer, Adani Group, said, “Our Coal trading, MDO, Ports & Logistics businesses continue to grow surpassing previous records of revenue & profits. Power generation business has shown growth due to new capacities coming into operation coupled with enhanced PLF & improved operations. With continued focus on leveraging the benefits of our increasing scale and operational efficiencies, we expect further boost in our operating performance in future.”


Business Highlights:

1. Coal Mining

In its MDO (Mine Development & Operations) business, the company is scaling up its operations and supplied 0.47 MMT of coal in Q1FY15 from Parsa Kente block in Chhattisgarh.

The company has completed the bankable feasibility study for the Carmichael Coal Mine and Rail Project (Project). The State and Federal Government approved environmental impact statement for the Project in Queensland, Australia. This marks significant milestone for the Project. The company has signed a binding agreement with POSCO to develop a greenfield non-electrified standard gauge heavy haul rail line to open up the Galilee Basin coal reserves in Queensland. The Queensland Government has declared the rail corridor as a State Development Area, and this will ensure smooth land acquisition process for the rail corridor.

2. Ports

The acquisition of the Dhamra port was also completed in Q1FY15 and it handled 4.20 MMT cargo during Q1FY15, a growth of 36% over the corresponding quarter last year. The capacity expansion work is already in progress. Also, Dahej port volumes grew by 28% and the Hazira port volumes increased by 85% on a YoY basis. The JV with CMA CGM, the world’s 3rd largest shipping line business, will result in an additional capacity of 1.4 million TEUs and the terminal will be operational in the next 24 months and the construction work has already started. This will make Mundra the country’s largest container port with a total capacity of 5.5 million TEUs.The coal terminal at Murmugao has started full fledged operations. Also, the coal terminal at Vizag has started trial operations. The projects at Tuna Tekra Bulk Terminal at Kandla and Ennore Container Terminal are progressing well and continue to be on track.

3. Power Generation & Transmission

The company expects to achieve thermal power generation capacity of 9,240 MW very soon.

© 2018 Adani Group