Adani Portfolio’s credit profile remains strongest among Indian, global infra sector with net debt down 3.6%, cash reserves up 13.7%

Adani Portfolio, one of India’s highest-rated infrastructure portfolios, on Wednesday released its half-yearly credit performance. In the last six months, it said, the company has lowered net debt by 3.6 per cent and raised cash reserves by 13.7 per cent, all while delivering an all-time high half yearly profit (EBITDA – earnings before interest tax and depreciation) growth of 47 per cent to Rs 43,688 crore. The cash reserves as on 30th Sep 2023 was at Rs 45,895 crore, up by Rs 5,544 crore in H1 FY2024 along with continued growth.