Expect stable cash flows and earnings in FY24, Adani tells banks

Gross debt at Rs 2.27 trillion in FY23 after repayment

Dev Chatterjee Mumbai

Photo: Bloomberg

Listen to This Article

Adani Group is expected to report a 20 per cent rise in its earnings before interest, tax, depreciation, and amortisation (Ebitda) at Rs 61,200 crore for the year that ended in March 2023 (2022-23, or FY23), according to a note submitted by the group to lenders recently.

The group had earned Ebitda of Rs 57,299 crore in the preceding financial year that ended in March 2022 (2021-22).

The group’s gross debt was Rs 2.27 trillion as of March 31, 2023, and has projected to not take on additional debt until it lowers its existing one.

Net debt for 2022-FY23 was projected at Rs 1.95 trillion after it repaid debt worth Rs 23,590 crore the same year, according to a recent note submitted to lenders and regulators on future projections.

Adani Ports, a group company, will buy back bonds worth upto $300 million from its investors by using its own cash in the ongoing financial year. 


Also Read

Gautam Adani lost Rs 3,000 crore a week in 2022-23: M3M Hurun report

Gautam Adani now no longer among world's top 10 richest billionaires

Adani Group stocks sink up to 20%; CLSA sees limited risk to banks

Tax sops, Capex push, Adani rout: Why Sensex swayed 2,000pts on Budget day?

NDTV takeover a responsibility, not business opportunity: Gautam Adani

Volkswagen focuses on premium products after selling 45% PVs in India

8 of top 10 firms lose Rs 1.17 trn in mcap; Infosys biggest laggard

Musk tweets 'demographics is destiny' as Indian population surpasses China

Sales sluggish on Akshaya Tritiya, lightweight items preferred: Jewellers

Reliance Industries withdraws proposal to merge subsidiary RNEL with itself

First Published: Apr 23 2023 | 11:57 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to