New Delhi:
Adani Group has released a report on the portfolio of the entire group. This report describes how the strategic decisions taken by the Adani Group have resulted in an improvement in the credit profile of the entire group. It also said that the group’s cash holdings reached a record level of Rs 42,115 crore as of the end of the June quarter.
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Emphasizing the improvement in liquidity in the report, the Adani Group explained through statistics how the Group’s decisions have significantly improved financial health at the portfolio level. Adani Group said that so far they have invested Rs. 2.36 lakh crore in equity, which is 55.77% of total assets.
Some important statistics from the Adani Group report
- EBITDA grew at 18.13% CAGR in last 4 years, Gross Assets grew 21.7%
- Net debt grew at a CAGR of only 14.56% from FY19 to FY23
- EBITDA up 42% (YoY) in June FY24, over 40% over full FY23
- Net Debt-to-Run Rate EBITDA declined to 2.8x in FY23 from 3.2x in FY22
- Total assets-to-net debt of 2.3x at the end of FY23
- Net debt-to-equity was 0.8x at the end of FY23
- Debt coverage ratio improved from 1.47x in FY22 to 2.02x in FY23
Shares of Adani Group saw good buying on Thursday. Shares of Adani Enterprises, the flagship company of the Adani Group, rose 2.48% to close at 2539.55 on the NSE. Adani Power gained 1.84%, Adani Total Gas 1.35% and Adani Green Energy 2%.
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