In a significant move towards diversity and inclusion, the Adani Group has announced the appointment of three women to crucial leadership roles across its various business units. This strategic initiative aligns with the conglomerate's goal to have women directors constitute at least one-fifth of its board membership.

Digital Initiatives

Srushti Adani is set to spearhead digital initiatives at Adani Digital Labs, a division under the group's airport unit. With her background as the founder of Wellnest Tech, a medical equipment manufacturer, and an engineering degree from the University of California, Srushti brings valuable experience to drive innovation in the digital space.

Airport Operations

Diva Adani has been appointed to oversee non-aero business strategies at Adani Airport Holdings Ltd. This subsidiary, which operates eight airports, stands as India's largest private airport infrastructure company. Diva's previous experience includes working with the group's charitable foundation, focusing on disability programs, which could bring a unique perspective to her new role.

Education Sector

Namrata Adani will continue her involvement with the Adani International School in Ahmedabad. Additionally, she has been appointed as a non-executive director at the Adani Group, further strengthening the female presence in the company's leadership.

Commitment to Diversity

These appointments underscore the Adani Group's commitment to fostering diversity and inclusion within its corporate structure. By placing women in key decision-making positions, the conglomerate aims to bring fresh perspectives and varied expertise to its operations.

The move comes at a time when corporate India is increasingly focusing on gender diversity in leadership roles. With these strategic appointments, the Adani Group is positioning itself at the forefront of this important trend in corporate governance and management.

As these leaders take on their new roles, stakeholders will be watching closely to see how their contributions shape the future direction and success of the Adani Group's diverse business portfolio.

Adani Enterprises has reported exceptional financial results for the first quarter, marking a significant milestone in its growth trajectory. The conglomerate's diverse portfolio of companies has demonstrated robust performance across various sectors, underlining the group's strong market position and operational efficiency.

Record-Breaking Financial Performance

The Adani Portfolio has achieved a groundbreaking feat with its Trailing-Twelve-Month (TTM) EBITDA surpassing Rs 90,000.00 crore for the first time. This milestone highlights the group's consistent growth and financial strength. The quarterly EBITDA reached an all-time high of Rs 23,793.00 crore, representing a year-on-year increase of 3.32%.

Core Infrastructure Dominance

A key highlight of the results is the significant contribution of core infrastructure businesses to the group's overall performance. These businesses accounted for approximately 87% of the total EBITDA, emphasizing the Adani Group's strong foothold in critical sectors of the Indian economy.

Sector-Wise Performance Highlights

Several Adani Group companies reported impressive growth figures:

Improved Financial Health

The Adani Portfolio's financial profile has shown notable improvements:

• 87% of Run-rate EBITDA is rated 'AA-' and above, indicating strong creditworthiness.
• The group's asset base stands at a robust Rs 6.10 lakh crore.
• Net debt to EBITDA ratio is at a healthy 2.6x.
• A substantial cash balance of Rs 53,843.00 crore provides a comfortable liquidity cushion, covering debt servicing for at least 21 months.

Key Growth Drivers

The stellar performance was primarily driven by strong showings from Airports, Adani Green Energy, Adani Energy Solutions, Adani Ports & SEZ, and Ambuja Cements. These businesses have played a crucial role in propelling the Adani Portfolio to new heights.

The Adani Group's record-breaking Q1 performance underscores its position as a key player in India's infrastructure and energy sectors. With a diverse portfolio of businesses showing strong growth and improved financial metrics, the conglomerate appears well-positioned for sustained expansion in the coming quarters.