Adani airport business posts Rs 1.48 billion pre-tax loss in Q2
AVIATION & AIRPORTS

Adani airport business posts Rs 1.48 billion pre-tax loss in Q2

Adani Airport Holdings Ltd, a subsidiary of Adani Enterprises Ltd responsible for airport operations, reported a pre-tax loss of Rs 1.48 billion for the July-September quarter, widening from a loss of Rs 650 million in the same period last year. Despite the loss, revenue for the quarter rose 17% year-on-year to Rs 22.76 billion.

For the half-year period (April-September), the company recorded a pre-tax loss of Rs 2.37 billion, compared to Rs 1.63 billion in the previous year. However, revenue for the six-month period increased by 22% to Rs 44.53 billion.

The company’s operational performance improved, with EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortization) rising 31% year-on-year to Rs 7.44 billion in Q2. For the half-year period, EBITDA stood at Rs 14.26 billion, marking a 32% increase compared to the same period last year.

Adani Enterprises Ltd, the parent company, reported consolidated net profit of Rs 17.42 billion for the July-September quarter, a more than sevenfold increase from the previous year. Consolidated revenue also grew by 15% year-on-year to Rs 231.96 billion.

“Our focus on executing greenfield projects in Adani New Industries Ltd (ANIL), including three giga-scale manufacturing plants, along with the rapid development of Navi Mumbai International Airport, is driving these strong results. We expect to replicate this growth across data centers, roads, metals, materials, and specialized manufacturing,” said Gautam Adani, Chairman, Adani Group, in a statement.

Adani Airport Holdings aims to make the under-construction Navi Mumbai International Airport operational in the first half of 2025. During Q2, the company’s seven operational airports—Mumbai, Jaipur, Lucknow, Guwahati, Ahmedabad, Mangaluru, and Thiruvananthapuram—handled 22.3 million passengers, reflecting a 5% year-on-year growth. Air cargo throughput surged 47% to 280,000 metric tonnes, with the company now managing around 23% of India’s domestic air passenger traffic.

The quarter also saw the addition of six new routes, six new airlines, and 13 new flights across the company’s airport network.

(ET)

Adani Airport Holdings Ltd, a subsidiary of Adani Enterprises Ltd responsible for airport operations, reported a pre-tax loss of Rs 1.48 billion for the July-September quarter, widening from a loss of Rs 650 million in the same period last year. Despite the loss, revenue for the quarter rose 17% year-on-year to Rs 22.76 billion. For the half-year period (April-September), the company recorded a pre-tax loss of Rs 2.37 billion, compared to Rs 1.63 billion in the previous year. However, revenue for the six-month period increased by 22% to Rs 44.53 billion. The company’s operational performance improved, with EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortization) rising 31% year-on-year to Rs 7.44 billion in Q2. For the half-year period, EBITDA stood at Rs 14.26 billion, marking a 32% increase compared to the same period last year. Adani Enterprises Ltd, the parent company, reported consolidated net profit of Rs 17.42 billion for the July-September quarter, a more than sevenfold increase from the previous year. Consolidated revenue also grew by 15% year-on-year to Rs 231.96 billion. “Our focus on executing greenfield projects in Adani New Industries Ltd (ANIL), including three giga-scale manufacturing plants, along with the rapid development of Navi Mumbai International Airport, is driving these strong results. We expect to replicate this growth across data centers, roads, metals, materials, and specialized manufacturing,” said Gautam Adani, Chairman, Adani Group, in a statement. Adani Airport Holdings aims to make the under-construction Navi Mumbai International Airport operational in the first half of 2025. During Q2, the company’s seven operational airports—Mumbai, Jaipur, Lucknow, Guwahati, Ahmedabad, Mangaluru, and Thiruvananthapuram—handled 22.3 million passengers, reflecting a 5% year-on-year growth. Air cargo throughput surged 47% to 280,000 metric tonnes, with the company now managing around 23% of India’s domestic air passenger traffic. The quarter also saw the addition of six new routes, six new airlines, and 13 new flights across the company’s airport network. (ET)

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000