Mumbai : Adani Enterprises Ltd (AEL), part of the Adani Group, on Tuesday announced its results for the financial year and quarter ended March 31, 2022.
The financial highlights of Q4 FY22 on a YoY basis. AEL’a total income increased by 84 per cent to Rs 25,142 crore on account of improved realisation on the back of higher prices in the IRM segment. Its EBIDTA increased by 44 per cent to Rs 1,538 crore due to higher contribution from airports business on the back of MIAL (Mumbai International Airport Pvt Ltd) consolidation.
Its attributable PAT increased by 30 per cent to Rs 304 crore vs Rs 234 crore on account of improved performance of both developing and established business. AEL as the most successful incubator in India continues to develop exciting new businesses which are strategically linked to the Adani portfolio of companies, said Gautam Adani, Chairman of the Adani Group.
AEL’s existing businesses have strengthened their performance and we see exciting journey ahead for our new businesses like networked airport eco-systems, road and water infrastructure and green data centres. Add to this, the focus on new energy businesses and digital consumer platform, along with our ability to execute, will propel the shareholders’ value. We remain confident in India’s ability to become one of the fastest incubators of multi-industry unicorns, he added.
In the airports business, the company achieved financial closure for the greenfield Navi Mumbai International Airport project with State Bank of India for the entire debt of Rs 12,770 crore, taking Mumbai city a step closer to making it another landmark utility.
The construction work commenced at the Navi Mumbai Airport during the quarter under review. The company also received letter of authorisation (LOA) of Rs 2,008 crore for the Kagal-Satara road project of 67 km on Build, Operate and Transfer (BOT) basis.
The concession agreement has been signed for three greenfield Ganga Expressway projects of 464 km in Uttar Pradesh on BOT basis.