Adani Group reported a 45% rise in pre-tax profit (Ebitda) to ₹82,917 crore ($10 billion) for FY24, showcasing a robust recovery from a critical US short seller’s report. The conglomerate focused on reducing debt, minimizing founder share pledges, and strengthening core businesses. Core infrastructure contributed 84% to Ebitda, ensuring steady cash flows. The group’s assets grew to ₹4,78,137 crore ($57 billion), serving 350 million users. From FY19 to FY24, Ebitda increased at a 27% CAGR, while net debt grew only 14%, demonstrating efficient capital deployment.
Adani Group’s FY24 Profit Soars Amid Strategic Comeback
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