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By BL Mumbai Bureau
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The Adani Group has recorded ₹43,688 crore in EBITDA in the first half of FY24, up 47 per cent on year, a media statement said.
The core infrastructure business contributed 86 per cent to the total EBITDA. It also ended the half year with cash balance of ₹45,895 crore, it said.
“The incubation continues to be a success story with airports, green hydrogen and other incubating assets emerging strongly and now contributing near 8 per cent of the portfolio EBITDA,” said Jugeshinder Singh, Group CFO.
Record numbers. Adani group EBITDA grows 42 per cent in Q1
The core infrastruture businesses of the group grew 52 per cent to ₹37,379 crore. These businesses include Adani Green Energy, Adani Energy Solutions, Adani Power, Adani Total Gas, Adani Ports & SEZ and infrastructure businesses being incubated by Adani Enterprises such as green hydrogen integrated manufacturing, airports, and roads.
The emerging business of low-cost green hydrogen delivered 212 per cent revenue growth on year, while EBITDA grew 10 times. The airports business saw a 29 per cent growth in passengers in the first half, while revenue rose 42 per cent.
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