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Enough cash to service debt: Adanis
The New Indian Express Tirunelveli
|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.
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