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Enough cash to service debt: Adanis
The New Indian Express Kalaburagi
|February 21, 2025
THE port-to-power conglomerate Adani Group said on Thursday its business achieved record pre-tax profits in the 12 months ending December 2024 and that they have enough cash to service debt obligations.
Adani Group said its cash balances exceed long-term debt repayments for the next 28 months and its portfolio-level cash balances were at ₹53,024 crore.
"Sufficient liquidity is maintained across portfolio companies to cover debt servicing requirements for at least the next 12 months," said the Ahmedabad-based group in a statement.
The cash balance as of September 30, 2024, compared with the ₹59,791 crore balance generated in the full 2023-24 financial year (April 2023 to March 2024 or FY24 fiscal). Cash balance represents 20.5% of gross debt.
यह कहानी The New Indian Express Kalaburagi के February 21, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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