Ahmedabad: Led by emerging businesses, including solar and wind manufacturing as well as airports and roads, the Adani Portfolio’s net profit soared 50.1 per cent to Rs 10,279 crore (year-on-year) in the first quarter of this fiscal, while EBITDA reached Rs 22,570 crore — up 32.9 per cent YoY — the company said on Monday.

EBITDA for core infrastructure businesses (utility, transport and infra businesses under the Adani Enterprises Ltd) increased 41.6 per cent YoY in the April-June quarter, accounting for 86 per cent of total EBITDA, the Adani Group said in a statement.

The trailing-12-month (TTM) EBITDA stood at Rs 79,180 crore, up 44.9 per cent YoY, the company added.

The strong performance for the quarter was led by Adani Enterprises’ emerging businesses, including solar and wind manufacturing — India’s largest and part of a fully-integrated green hydrogen chain — as well as airports and roads sectors. These fast-growing businesses now contribute 13.3 per cent to the portfolio-level EBITDA, up from 7.2 per cent a year ago,” informed the company.

This expansive yet resilient growth is attributed to the Adani Group’s strategic focus on the infrastructure platform, which provides high stability and predictability.

Adani Enterprises Ltd’s infrastructure businesses’ steadily rising contribution is playing a significant role in this growth, with EBITDA expanding by 69.98 per cent YoY, according to the company.