Adani Group’s Ebitda for this financial year is expected to cross $9.5 billion, its highest-ever, driven mainly by the infrastructure segment including cement, green energy, power and airports.
The group’s Ebitda for calendar year 2023 was at $9.5 billion, a 63.6% year-on-year rise, a 37.8% growth compared with that in FY23 and 2.5 times that of FY21 Ebitda.
“This is perhaps the best fiscal in the history of the group, with every business firing on all cylinders. The power sector has exceeded guidance, while airports, green energy and all other businesses are doing well. Green energy is also doing well, with a 60-70% growth expected from the hydrogen segment,” a source close to the development said.
