Revenue from operations rose nearly 42% on year to Rs 26,612.23 crore.
Consolidated operating profit, calculated as earnings before interest, taxes, depreciation and amortization (EBITDA), doubled on year to Rs 1,968 crore, the company said.
“The current market volatility is temporary; and as a classical incubator with a vision of long-term value creation, AEL will continue to work with the twin objectives of moderate leverage and looking at strategic opportunities to expand and grow,” Chairman Gautam Adani said.
Integrated resource management business reported a 38% YoY growth in revenue to Rs 17,595 crore, while mining business sales rose nearly 3 times to Rs 2,044 crore.
The new energy ecosystem business revenue more than doubled to Rs 1,427.40 crore. The airports business also saw revenue doubling to Rs 1,733 crore.
In the new energy vertical, the company saw solar modules volume increasing by 63% to 430 MW. In the mining business, production volume stood at 6.2 million tonne.Integrated resource management business volume increased 8% on year to 15.8 million tonne in the third quarter.
The business continued to maintain its leadership position as the number one player in India.
The Carmichael mine in Australia produced 2.5 million tonne coal in Q3 compared with 1.9 million tonne in Q2.
Coal supplies from the mine were to the tune of 2 million tonne. The strong growth in the operating profit of the flagship company of Adani Group was driven by higher volumes and prices in the integrated resource management and new energy ecosystem businesses.
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