Adani Group H1 Ebitda rises 47% to Rs 43,688 cr

Adani Group on Monday said the Ebitda (earnings before interest, taxes, depreciation and amortisation) of its group companies rose 47% to cross Rs 43,688 crore ($5.3 billion) in the first half of the current fiscal (H1FY24).The growth, its highest ever for a half-year period, was driven mainly by the core infrastructure businesses, the group said in a statement. The half-year figure also surpassed the full-year Ebitda recorded in FY22.

The core infrastructure businesses grew by 52% on a year-on-year basis to Rs 37,379 crore, contributing 86% of the total Ebitda, the statement said.The pre-tax Ebitda is of 11 listed companies.