Adani Enterprises FY25 Financial Highlights & Strategic Outlook!

1. Y25 Consolidated Financial Overview

   • Revenue was ₹97,895 crore in FY25, up around 2% year‑on‑year from ₹96,421 crore in FY24. Expenses rose marginally to ₹93,832 crore.

   • EBITDA surged 26% to ₹16,722 crore, while Profit Before Tax (PBT) rose 16% to around ₹13,237 crore

   2. Operating Segment Performance

   • The coal trading division, which contributes nearly one-third of revenue, saw a 47% decline in profit and 45% drop in revenue, due to lower coal prices and import demand.

   • Meanwhile, the new energy segment (solar, wind, modules) posted a 92% YoY rise in pre‑tax profit, now accounting for ~13.5% of overall revenue 

   • Incubating infrastructure businesses—including airports, IRM services, and renewable energy—were major drivers of performance, contributing 86–87% of EBITDA in H1/FY25
     

     3. Group-Level Highlights & Tax Contribution

     1. The Adani Group, of which AEL is the flagship, reported a record EBITDA of nearly ₹90,000 crore in FY25, supported by strong infrastructure execution 

   • Tax contributions across the group rose 29% to ₹74,945 crore—from ₹58,104 crore in FY24—highlighting expanding profitability and scale.

     4. Q1 FY26 Update (Ended June 2025) — Adani Energy Solutions (AESL)

     • Though on AEL’s subsidiary side, AESL reported strong Q1 FY26 results:

       • Revenue stood at ₹7,026–₹7,025 crore (YoY growth ~28%, QoQ ~45%).

       • EBITDA reached ₹2,017 crore (up 14% YoY), and PAT climbed to ₹539 crore (71% YoY).

       • Cash profit exceeded ₹1,043 crore (15% YoY) 

     • The company ramped up execution—commissioning multiple transmission lines and smart meter installations, pushing under-construction orders to ₹59,300 crore and quarterly capex to ₹2,224 crore

   5.Debt and Credit Ratings

2. As of March 2025, net debt at AEL stood at ₹39,000–₹41,000 crore, slightly up YoY due to higher project-related investments.

3. Interest coverage ratio improved due to stronger EBITDA, and debt-to-equity remains conservative for a conglomerate of its scale.

4. AEL retained its ‘AA–/Stable’ credit rating from CARE and India Ratings, with rating agencies noting steady cash flows and project execution.

5. Bond issues in July 2025 saw oversubscription, with coupon rates between 8.95–9.3%, reflecting improving investor confidence post-2023 concerns. 6. Dividend & Return to Shareholders

   • AEL declared a final dividend of ₹1.50 per share in FY25, maintaining payout consistency for long-term investors.

   • Promoter holding remained stable (~72.6%), with no major pledging reported.

   • Share price rebounded significantly since March 2023, delivering >40% return over FY25, supported by institutional buying, especially from LIC and Indian mutual funds.

   7. Business & ESG Strategy

   • AEL reaffirmed its commitment to ESG goals, targeting carbon neutrality in core operations by 2035.

   • It also expanded its Adani New Industries Ltd (ANIL) subsidiary’s role in green hydrogen, electrolyzers, and battery manufacturing

   • Digital and Defense: Following the shelving of the “Adani One” super app, AEL redirected capital toward Adani Defence & Aerospace, which saw growing exports and fresh orders from Indian forces. Sources: TheEconomicTimes & Mint.