MUMBAI – With improving financials, Adani Group further improved its leverage position in the quarter ended December, with the net debt to operating profit ratio reaching 2.5 times and debt coverage ratio at 2.1 times.
“With surging cash flows from consistently rising profits and conservative leveraging, the portfolio is well-poised to propel strategic investments on an unprecedented scale,” the group said in a release.
The group’s gross assets to net debt stood at 2.5 times as on September 30.
The group saw record quarterly operating profit growth of 64% YoY, while the operating profit as of December-end stood at Rs 78,823 crore ($9.5 billion).
