Adani Group aims Rs 90,000 crore EBITDA in 2-3 years

Adani Group is expected to see an increase of more than 20% in EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) on a consolidated basis in the coming years as it drives robust and sustainable growth across its business portfolio.  As the company target, EBITDA of over Rs 90,000 crore is expected by FY23.

Earlier this month, the group repaid loans aggregating USD 2.65 billion to complete a prepayment programme to cut overall leverage in an attempt to win back investor trust post a damning report of a US short seller.

Further, the ports-to-energy conglomerate is now planning robust growth in sectors such as airports, cement, renewables, solar panels, transportation and logistics, and power and transmission. Also, the company is said to adding several of Adani's new infrastructure investments will also begin to fructify and generate cash in the coming years.

The group's listed portfolio EBITDA increased 36% YoY to Rs 57,219 crore in FY23 (April 2022 to March 2023 fiscal). Core infrastructure businesses, which constitute 82.8% of the portfolio including energy, transport, logistics, and flagship Adani Enterprise Ltd infrastructure ventures, recorded a robust 23% YoY growth in EBITDA to Rs 47,386 crore.

Content Source: Media reports

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