Oil & gas segment revenue for the quarter declined by 8.4% to Rs 5,833 crore from the last year mainly on account of lower volumes and price realisation for KGD-6 gas and condensate.
The Adani Group said 84 percent of group EBITDA and 88 percent of investments in core businesses is providing 'multi-decadal' visibility in terms of cash flow. Of the total EBITDA, 42 percent came from Adani Enterprises and Adani Ports and SEZ.
Emerging from a damning report of a US short seller, which hit the market value of its listed companies, Adani Group in 2023-24 focused on containing debt, reducing founder share pledge and consolidating the business in core competencies. The five-year CAGR (compound annual growth rate) for profit growth was 54 per cent.
On the margin front, EBITDA rose by 2.5 percent or 250 basis points to 14 percent from 11.5 percent in the same period last year “aided by commodity costs, leap savings, premiumisation and judicious price changes”.
To be sure, the company shared that the fall in net profit is owed to non-cash expenses of about Rs 62.1 crore including Employee Stock Ownership Plan (ESOP), lease equalisation reserve (LER) and inventory provision. These provisions are not actual expenditures that the company has incurred, but futuristic provisions, it added.
Since taking over in September 2022, the EBITDA per tonne of cement has increased from Rs 350 to Rs 1,350, company sources said adding this will be scaled up to Rs 1,400 per tonne by 2024.
UltraTech’s steps to ensure market leadership, timely expansion and ESG compliance should help sustain the stock’s premium valuations
Subject to the agreed adjustment, the acquisition will be financed through a mix of internal accruals and external fundraising by the company and its associates, the company informed the bourses.
Q2 earnings in key sectors shows EBITDA margins scaling up but sequential trends indicate the need for caution on assuming the momentum will continue
While economists had made their calculations based on the EBITDA numbers of manufacturing companies, the government seems to have based its calculation on IIP data. While EBITDA is reflective of the formal sector, the latter is largely reflective of the informal sector.
Amidst global headwinds, STL delivered a strong 42% YoY EBITDA growth on the back of a relentless focus on operational efficiencies, while its PAT surged by an impressive 156%.