Adani Enterprises Ltd Q1 FY22 Results

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Adani Enterprises Ltd Q1 FY22 Results.

Adani Enterprises Ltd Q1 FY22 Results.

Operational Highlights Q1 FY22 (YoY Basis):

  1. Developing Business:-
  • Completed acquisition of Mumbai International Airport
  • Handled 3.5 Mn Passengers in four operational Airports
  • Signed concession agreement for 235 kms road projects in the state of Odisha, West Bengal, Gujarat and Telangana
  • Received LOA from Bihar Urban Infrastructure Development Corporation for Bhagalpur waste water project
  1. Established Business:-
  • Solar Manufacturing volume increased by 247% to 271 MW
  • Mining Services production increased by 114% to 4.7 MMT
  • Integrated Resources Management (IRM) volume increased by 138% to 17.6 MMT

Financial Highlights Q1 FY 22 (Consolidated) (YoY Basis):

  • Consolidated Total Income increased by 131% to Rs. 12,731 crore
  • Consolidated EBIDTA increased by 215% to Rs. 948 crore

Consolidated PAT attributable to owners from Established Businesses increased by 19 times to Rs. 607 Crore. Overall Consolidated PAT attributable to owners increased by 8 times to Rs. 271 crore

AEL has always been the incubation engine of the Adani Group and our creation of several new businesses continues to accelerate,” said Mr. Gautam Adani, Chairman of the Adani Group. “AEL’s existing businesses are stronger than they have ever been and this year we have successfully anchored ourselves in several new businesses critical to a strong Atmanirbhar Bharat. These include airport ecosystems, data centres, and advanced road and water infrastructure. I see an exciting journey ahead given every one of these sectors possesses multiple adjacencies to our existing businesses. Our results demonstrate that this purposeful model is working for us and we will continue to strengthen on all fronts to deliver greater shareholder value.”

Business Highlights (Q1 FY22) :

In Developing Businesses

1.         Airports

·           Completed acquisition of Mumbai International Airports

·           Handled

  • 3.5 Mn passengers
  • 44,614 Air Traffic Movements
  • 1,62,858 MT Cargo

2.        Roads

·           Concession agreements for ten projects signed with NHAI for construction / operation of roads aggregating to 450+ KMs.

·           Project completion status :

  • Bilaspur Pathrapali project at Chhattisgarh is about 78%
  • Suryapet Khammam project at Telangana is about 44%
  • Mancherial Repallewada project at Telangana is about 29%

Project NameStateProject ModelKms
Badakumari to KarkiOdishaHybrid Annuity Model47.5
Panagarh PalsitWest BengalBuild Operate Transfer Model67.8
PRS TollsGujaratToll Operate Transfer Model88.2
Kodad KhammamTelanganaHybrid Annuity Model31.8

3.        Water

·           Received LOA from Bihar Urban Infrastructure Development Corporation for Bhagalpur waste water project for 45 Million Litres per Day capacity

4.        Update on AdaniConneX (Data Center segment – JV with EdgeConneX)

·           Construction at AdaniConneX’s Chennai facility started

In Established Businesses (YoY)

1.     Solar Manufacturing

·           Volume increased by 247% to 271 MW.

·           With strong order book of 1.2 GW the company will continue to focus on this segment to have sustainable growth

2.        Mining Services

·           Production volume at Parsa Kente mine in Chhattisgarh increased by 55% to 3.1 MMT

·           Volume at GP III mine, Chhattisgarh doubled to 0.4 MMT

·           Volume at Talabira II & III mine, Odisha, was 0.5 MMT

·           Production at Kurmitar iron ore mine, Odisha commenced in Q1 FY22 and the volumes stood at 0.7 MMT

3.        Adani Wilmar^

·           Total Revenue for Q1 FY22 increased by 50% to 11,369 crore. EBIDTA for the quarter stood at Rs. 435 crore.

·           In food business, maintained its leadership position with its “Fortune” brand and continues to lead the refined edible oil market with more than 20% market share.

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