Adani AGM 2025: War in Middle East hit logistics, energy sector, says Gautam Adani

Gautam Adani flagged the concerns in the logistics segment amid the ongoing turbulence in the Middle East.

Addressing the shareholders during the Annual General Meeting, the Adani Group Chairman said that the wars in the Middle East have “continued to cast shadows on energy and logistics.”

Talking about the fast-paced geopolitical developments, Adani said, “The world around us has changed dramatically over the past 12 months. Over 60 nations went to the polls. Borders were redrawn, alliances tested, and economies shaken.”

However, despite the upheaval, India’s growth story remains on track, Adani added. “In the middle of all this noise, India stood apart and grew faster than any other major nation.”

The comments come even as Israel and Iran agree to a tenuous ceasefire, which will be closely watched by countries across the region and the world.

Listed out the FY25 numbers, Adani said that “we did more than just scale.” In logistics segment, “Adani Ports handled a record 450 MMT of cargo and became the beating heart of India’s trade. With marine, trucking, warehousing, and even freight forwarding, we are creating a transport utility for the future,” Adani said. “And in line with the Hon’ble Prime Minister’s Gati Shakti Mission our logistic assets are powering MSME exports and reducing friction to increase India’s global competitiveness,” he further added.

On a day when Adani Airports announced $1 billion financing for Mumbai International Airport, Gautam Adani spoke extensively about the achievements in the aviation sector. "Adani Airports witnessed a remarkable year of growth, handling a record 94 million passengers in FY25. A major milestone was achieved with the successful completion of the first test flight at the greenfield Navi Mumbai Airport. Scheduled to open later this year, the airport will begin operations with an initial capacity of 20 million passengers, eventually scaling up to accommodate 90 million. This expansion is set to give Adani Airports a commanding 35% share of India’s total airport passenger traffic," he said.

At the consolidated Group level, revenues grew by 7%, while EBITDA saw an increase of 8.2%. "Our Net Debt-to-EBITDA ratio remained healthy at 2.6x. Total revenues stood at Rs 2,71,664 crore, with an adjusted EBITDA of Rs 89,806 crore," Adani said.